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Dec 31, 2019
Agilysys Q3 2020 Earnings Report
Agilysys reported a 16.6% increase in revenue to a record $42.0 million and a net loss of $(2.6) million, or $(0.11) per diluted share.
Key Takeaways
Agilysys reported a strong third quarter with a 16.6% increase in revenue to a record $42.0 million. Recurring revenue also reached a record $21.0 million, including a 28% year-over-year increase in subscription revenue. The company raised its full-year revenue growth forecast to approximately 16%.
Total net revenue increased 16.6% to a record $42.0 million.
Recurring revenues were a record $21.0 million, or 49.9% of total net revenue.
Subscription revenues increased 28% year over year.
Net loss was $(2.6) million, or $(0.11) per diluted share.
Revenue by Segment
Forward Guidance
Agilysys raised its forecast for fiscal 2020 full year revenue growth and expects an approximate 16% year-over-year increase compared to fiscal 2019 revenue. The Company reiterated its forecast for an approximate 25% improvement in Adjusted EBITDA and continues to expect fiscal 2020 free cash flow will be significantly more than the $1.7 million of free cash flow generated in fiscal 2019.
Positive Outlook
- Expects approximately 16% year-over-year increase in full year revenue growth.
- Forecasts approximately 25% improvement in Adjusted EBITDA.
- Anticipates fiscal 2020 free cash flow will be significantly more than the $1.7 million generated in fiscal 2019.
- Customers continue to place a lot of trust in our ability to deliver reliable and innovative products.
- All three of our reported revenue categories were a record in the third quarter and on a year to date basis, demonstrating the consistency of our revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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