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Sep 30, 2022
Agilysys Q2 2023 Earnings Report
Agilysys achieved record revenue and substantial subscription revenue growth.
Key Takeaways
Agilysys reported a record revenue quarter with a 26.0% increase to $47.7 million, driven by a 28.6% year-over-year growth in subscription revenue. The company's GAAP EPS was $0.12 per share, and they reiterated their fiscal year 2023 revenue guidance of $190 to $195 million and Adjusted EBITDA of greater than 15%.
Total net revenue increased by 26.0% to a record $47.7 million.
Recurring revenue reached a record $29.0 million, comprising 60.8% of total net revenue.
Subscription revenue grew by 28.6% year over year.
Net income attributable to common shareholders was $3.1 million, or $0.12 per diluted share.
Agilysys
Agilysys
Agilysys Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Agilysys is reiterating full year fiscal 2023 guidance of revenue to be $190 to $195 million, inclusive of approximately 30% subscription revenue growth year over year, and Adjusted EBITDA of greater than 15% of revenue.
Positive Outlook
- Revenue to be $190 to $195 million.
- Subscription revenue growth of approximately 30% year over year.
- Adjusted EBITDA of greater than 15% of revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income