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Agilysys Expands Relationship with 7 Cedars Resort Properties
Agilysys announced the expansion of its relationship with 7 Cedars Resort Properties. The Agilysys ecosystem will be supporting hotel, gaming, golf, retail, and food and beverage operations at 7 Cedars. The software solutions installed recently include Agilysys Versa property management system and the modernized version of Agilysys InfoGenesis point of sale, along with several other hardware and software solutions. After researching several well-known technology solution providers, 7 Cedars ultimately chose Agilysys due to its integration capabilities, cost-effectiveness, and suitability for their complex casino environment.
Agilysys Expands Hospitality Tech Ecosystem at Angel of the Winds
Agilysys announced that Angel of the Winds has expanded use of the Agilysys hospitality technology ecosystem across property management, online booking and F&B point-of-sale. Located in Arlington, Washington, Angel of the Winds Casino Resort is a tribal gaming and entertainment destination with a 125-room hotel, six restaurants, five bars, an event center and an upscale RV resort.
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."
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