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AGYS News
AGYS Events
Agilysys Golf Solution Deployed at Over 100 Golf Properties
Agilysys announced that more than 100 golf properties have deployed its Agilysys Golf solution. The milestone reflects adoption of Agilysys Golf, a modern golf management platform, across the golf industry.
Agilysys Q1 Revenue Reaches $87.7M, Exceeds Expectations
Reports Q1 revenue $87.7M, consensus $85.98M. Ramesh Srinivasan, President and CEO of Agilysys, commented, "Q1 Fiscal 2027 was another good quarter with the overall business fundamentals making excellent progress. Revenue was a record $87.7 million, the 18th consecutive record revenue quarter, driven by subscription growth of 26% and record professional services revenue of $19.6 million. The appetite for modern technology solutions continues to be high in the hospitality industry. The combined strengths of our ecosystem of software solutions and recently added AI powered feature sets are yielding excellent sales and adoption results. Q1 Fiscal 2027 was another highly successful sales quarter, the best ever Q1 sales period, driving backlog levels to record highs. We are pleased to see the business continuing to achieve growth and profitability results ahead of original expectations. As a result, we are raising full fiscal year total revenue expectation to be in the range of $368 million to $373 million driven by year-over-year subscription revenue growth of at least 32%, from the original guidance of $365 million to $370 million and at least 30% subscription revenue growth. Adjusted EBITDA expectation remains at 24% of revenue for the full fiscal year, providing adequate room for any potential additional strategic business investment needs" Srinivasan concluded.
Agilysys Raises Fiscal 2027 Revenue Guidance to $373 Million
Consensus $367.77M. The Company is raising full year subscription revenue growth guidance of at least 30% year-over-year to at least 32% and full year fiscal 2027 total revenue to be $368 million to $373 million. Adjusted EBITDA expectations remain at 24% of revenue for the full fiscal year. Dave Wood, Chief Financial Officer, commented, "We have hit the ground running in Fiscal 2027. The business plan execution for the year is slightly ahead of target due to sales velocity and project implementation progress. We are pleased to be in a position after the first financial quarter to increase our full year expectations as a result of execution successes seen thus far. The Agilysys teams continue to remain dedicated to executing at elevated levels to support our customers, resulting in continued profitable growth momentum in our business."
Major Averages Decline for Second Day, Tech Stocks Lead
The major averages were broadly lower near noon for the second day in a row, with weakness in semiconductors and high-growth technology names leading the declines. Meanwhile, investors are keeping an eye on the oil market following President Trump's cancellations of planned strikes in Iran. Crude oil prices pulled back a little after the news, but remain elevated amid continued tensions in the region.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Home Depotreportedand reiterated its FY26 outlookBlackstonewill invest $5B in awith GoogleAmer Sportsprovided areport for Q1Agilysysreportedand provided guidance for FY27Shake Shackdisclosed that its CEO Robert Lynch and director Daniel Meyeron May 152. WALL STREET CALLS:GuggenheimStubHubwith growth picking up in Q2Jazz Pharmaceuticalsto Buy at UBSX-energy, a developer of advanced small modular nuclear reactors, saw Wall Streetwith a mix of Buy and Hold ratingsBofA"miscast" Zeta Globalwith a BuyBofAof Lightspeedand ZoomInfowith Underperform ratings3. AROUND THE WEB:AI chip startup Tenstorrent is drawing early takeover interest from prospective buyers, including Inteland Qualcomm, as it looks to challenge Nvidiaand AMD, Bloomberg reportsTapestryexpects roughly 70% of its growth over the next several years to come from international markets, with expansion led by its Coach brand and focused primarily on China and Europe, Reuters saysAnalog Devicesis in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5B in cash, Bloomberg reportsThe New York Timeshas sued the U.S. Department of Defense, alleging that a new Pentagon policy requiring reporters to be escorted at all times while inside the building violates the First Amendment and unlawfully restricts press access to military officials and facilities, Wemple reportsMexican President Claudia Sheinbaum has conditioned Royal Caribbean'splanned "Perfect Day" water park in Mahahual, Quintana Roo, on the preservation of the local ecosystem, RMN says4. MOVERS:Bakkthigher after Director MichaelRelay Therapeuticsincreases after announcing zovegalisib showedin vascular anomaliesKE Holdingsgains in New York after, with EPS and revenue beating consensusT1 Energy (TE) lower aftersaid it was short on the companyCanadian Solarfalls after Freedom Brokerthe stock to Hold5. EARNINGS/GUIDANCE:Driven Brands, with CEO Danny Rivera commenting, "Driven Brands delivered a solid fourth quarter and full year"Eagle Materials, with EPS and revenue beating consensusBally'swith CEO Robeson Reeves commenting, "We delivered solid first quarter results across the enterprise"Bilibili, with EPS beating consensusAntalphaand provided guidance for Q2INDEXES:Near midday, the Dow was down 0.47%, or 232.99, to 49,453.13, the Nasdaq was down 1.17%, or 306.21, to 25,784.53, and the S&P 500 was down 0.76%, or 56.19, to 7,346.86.
US Treasury Yields Rise, Market Sentiment Weighed Down
With earnings season mostly in the rearview mirror outside of Nvidia'sQ1 results this week, the macro component has returned to dominate the market narrative, and the global "rate shock" is clearly weighing on sentiment. US 10-year Treasury Note yield closed above 4.6% for the first time since early 2025 and the 30-year reached 5.15% - both up by over 50 basis points from late February just before the start of the Iran war - as markets continue to fret over stagflation backdrop, sending major indices in the red for much of the day.Similar to Friday, Monday's notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying. Names like Cognizant, ServiceNow, and EPAM Systemswere among the leaders in the S&P 500. In turn, the AI infrastructure buildout "winners" like Micronand Sandiskwere among the 10 weakest stocks in the benchmark.In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran's nuclear ambitions. S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Agilysysup 13.6%ALSO HIGHER -Penguin Solutionsup 3.5% after naming David Heard, President of Network Infrastructure at Nokia, to BoardNomad Foodsup 1.6% after insider buyDOWN AFTER EARNINGS -XP Inc.down 5.1%Bally's Corporationdown 2.5%Yalla Groupdown 2.5%ALSO LOWER -Compugendown 3.5% after equity offering
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