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Stock impact report

Agilysys Fiscal 2019 First Quarter Revenue Rises to Record $34.0 Million

Agilysys, Inc. (AGYS) 
Last agilysys, inc. earnings: 1/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: agilysys.com/en/company/investor-relations
Company Research Source: Business Wire
Recurring Revenue Increases 8% to $17.9 Million, Inclusive of 19% Growth in SaaS Revenue Second Consecutive Quarter of Positive Adjusted Earnings from Operations ALPHARETTA, Ga.--(BUSINESS WIRE)-- Agilysys, Inc. (Nasdaq: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2019 first quarter ended June 30, 2018. Summary of Fiscal 2019 First Quarter Financial Results Total net revenue was $34.0 million, compared to total net revenue of $33.9 million in the comparable prior-year period. Without the adoption of ASC 606, revenue in the fiscal 2019 first quarter would have been approximately $50,000 higher. Recurring revenues (which are comprised of support, maintenance and subscription services) were $17.9 million, or 53% of total net revenue, compared to $16.7 Show less Read more
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