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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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