Agilysys, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 22, 2024 at 04:05 pm EST
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Agilysys, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was USD 60.57 million compared to USD 49.92 million a year ago. Net income was USD 77.14 million compared to USD 3.89 million a year ago. Basic earnings per share from continuing operations was USD 2.98 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 2.85 compared to USD 0.13 a year ago.
For the nine months, revenue was USD 175.24 million compared to USD 145.17 million a year ago. Net income was USD 83.23 million compared to USD 10.51 million a year ago. Basic earnings per share from continuing operations was USD 3.25 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 3.1 compared to USD 0.35 a year ago.
Agilysys, Inc. is a provider of hospitality software that delivers cloud-native software-as-a-service (SaaS) and on-premises solutions for hotels, resorts, cruise lines, casinos, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The Company offers software solutions to the hospitality industry, including point-of-sale (POS), property management (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. It is a developer and marketer of software-enabled solutions and services to the hospitality industry, including software solutions with third-party hardware and operating systems; subscriptions and maintenance; and professional services. Its POS solutions include InfoGenesis, IG Flex, IG Kiosk, IG KDS, IG OnDemand, IG Quick Pay, IG Smart Menu, IG PanOptic Kiosk, and IG Digital Menu Board. Its PMS solutions include Agilysys LMS, Agilysys Versa, Agilysys Stay, and others.
AGILYSYS, INC. 
