Agilysys reports strong Q3 earnings, missing revenue forecasts but seeing subscription revenue surge.
Agilysys, a hospitality software company, reported a strong Q3 with $69.6 million in revenue and $0.38 EPS, beating earnings expectations but falling slightly short of revenue forecasts. The company's subscription revenue grew 45.1% year-over-year, reaching a record $44.4 million. Agilysys now expects full-year revenue of around $273 million. Despite a 4% drop in stock since the year began, the shares have risen 60% over the past year. Several analysts have given positive ratings, with a consensus target price of $146.00.
2 months ago
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