NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Agilysys, Inc. (“Agilysys” or the “Company”) (NASDAQ: AGYS).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Agilysys and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On January 21 ...

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Agilysys, Inc. (“Agilysys” or the “Company”) (NASDAQ: AGYS).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Agilysys and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On January 21 ...

Group 1 - Johnson Fistel, PLLP is investigating Agilysys, Inc. for potential violations of securities laws related to misrepresentation or failure to disclose information to investors [1][2] - On January 21, 2025, Agilysys reported third quarter revenue that was below market expectations and its own guidance, leading to a downward revision of its full-year FY25 revenue outlook [2] - CEO Ramesh Srinivasan acknowledged management's underestimation of sales challenges in the point-of-sale sector and the need for improved hiring speed for implementation services [2] Group 2 - Following the negative disclosures, Agilysys shares experienced a significant drop, resulting in substantial losses for investors [2] - Johnson Fistel, PLLP is a nationally recognized law firm specializing in shareholder rights and securities class action lawsuits, representing both individual and institutional investors [3] - The firm has been recognized as a top plaintiffs' securities law firm, recovering approximately $90.725 million for clients in previous cases [4]

Group 1 - The analyst previously expressed hesitation in recommending Agilysys (AGYS) due to its high valuation despite attractive growth prospects [1] - Since the last analysis, shares of Agilysys have experienced a significant decline [1] - The analyst focuses on undercovered companies, maintaining a watchlist of over 50 companies across technology, software, electronics, and energy transition sectors [1] Group 2 - The analyst has over 7 years of personal investment experience in a diverse range of global companies [1] - The analyst holds a Master's degree in Electrical Engineering and works as an automotive battery R&D engineer in Sweden [1] - The write-ups serve as a platform for the analyst to present investment theses and gather feedback from the investing community [1]

Industry Overview - The Zacks Computer – Integrated Systems industry includes companies like IBM, HPE, and Agilysys, benefiting from trends such as advancements in data management, integrated deployment techniques, and demand for modern application development [1][3] - The industry is investing in data modernization, cybersecurity, remote work enablement, and supply chain modernization to accelerate digital transformation for enterprise customers [3] Current Challenges - The industry faces significant headwinds from supply chain bottlenecks, rising inflation, higher interest rates, and delays in customer acceptance of new products, leading to substantial order backlogs [2][8] - The ongoing semiconductor chip shortage is impacting the industry's prospects, complicating the transition to cloud computing and affecting datacenter system spending [9][10] Industry Trends - There is a surge in demand for integrated solutions driven by investments in IoT, big data analytics, AI, and blockchain, with expectations of recovering global IT spending [5][7] - The multi-cloud model is gaining traction as enterprises seek better scalability and resource optimization, presenting growth opportunities for industry participants [6][7] Company Highlights IBM - IBM is experiencing solid net sales growth in its software segment, driven by hybrid cloud adoption and demand for AI and security solutions [19][20] - The acquisition of HashiCorp enhances IBM's capabilities in managing complex cloud environments, while its Watsonx platform is central to its AI strategy [21][22] - The Zacks Consensus Estimate for IBM's 2025 earnings has increased by 1.3% to $10.75 per share, with shares gaining 33.9% over the past year [23] Hewlett Packard Enterprise (HPE) - HPE is benefiting from strong execution in clearing backlogs and increased customer acceptance, with a significant expansion in its GreenLake customer base [25][26] - The company reported $6.7 billion in cumulative orders for AI products since Q1 fiscal 2023, with backlogs reaching $3.5 billion [27] - The Zacks Consensus Estimate for HPE's fiscal 2025 earnings has increased by a penny to $2.11 per share, with shares rising 37.3% in the past year [29] Agilysys - Agilysys is experiencing strong growth driven by record sales in property management systems and increasing subscription revenues [31][32] - The acquisition of Book4Time has expanded Agilysys' customer base by 30% and contributed significantly to revenue growth [33] - The Zacks Consensus Estimate for Agilysys' fiscal 2025 earnings has decreased by 3.1% to $1.27 per share, with shares declining 6.4% in the past year [34]

Group 1 - The article discusses the importance of careful assessment when evaluating significant post-earnings dips in companies, questioning whether the causes are temporary or indicative of a longer-term decline [1] - Gary Alexander, with extensive experience in technology companies and startups, provides insights into current industry themes and has been a contributor to Seeking Alpha since 2017 [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or the industry [2][3]

Financial Data and Key Metrics - No specific financial data or key metrics changes were provided in the content [1][2][3][4][5] Business Line Data and Key Metrics - No specific business line data or key metrics changes were provided in the content [1][2][3][4][5] Market Data and Key Metrics - No specific market data or key metrics changes were provided in the content [1][2][3][4][5] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were provided in the content [1][2][3][4][5] Management Commentary on Operating Environment and Future Outlook - The company highlighted that some statements made during the call are forward-looking and subject to risks and uncertainties, which could cause actual results to differ materially from expectations [4][5] - Important factors that could impact results include the ability to meet guidance levels, increase sales, maintain profitability, and other risks outlined in the company's SEC filings [5] Other Important Information - The call included a Safe Harbor statement, indicating that forward-looking statements are protected under the Private Securities Litigation Reform Act of 1995 [4][5] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4][5]

Group 1: Earnings Performance - Agilysys reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.35 per share a year ago, representing an earnings surprise of 11.76% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] - The company posted revenues of $69.56 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.74%, compared to year-ago revenues of $60.57 million [2] Group 2: Stock Performance and Outlook - Agilysys shares have declined approximately 7.5% since the beginning of the year, while the S&P 500 has gained 2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.34 on revenues of $76.74 million, and $1.31 on revenues of $281.56 million for the current fiscal year [7] Group 3: Industry Context - The Computer - Integrated Systems industry, to which Agilysys belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Agilysys is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Delaware 34-0907152 (State or other jurisdiction of incorporation or organization) 3655 Brookside Parkway, Suite 300 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 0 ...

Revenue Growth - Total net revenue increased 14.9% to a record $69.6 million compared to $60.6 million in the prior-year period[10] - Subscription revenue grew 45.1% year-over-year, accounting for 63.8% of total recurring revenue[10] - The company revised its full fiscal year total revenue guidance to approximately $273 million while maintaining at least 38% year-over-year subscription revenue growth[9] Profitability - Adjusted EBITDA for the third quarter was $14.7 million, representing an increase from $11.8 million in the prior-year period[10] - Net income attributable to common shareholders for the third quarter was $3.8 million, or $0.14 per diluted share, down from $76.9 million, or $2.85 per diluted share, in the prior-year period[10] - Adjusted EBITDA for the nine months ended December 31, 2024, was $39,028,000, up from $26,088,000 in 2023, representing a growth of 49.5%[30] - Adjusted net income for the nine months ended December 31, 2024, was $28,516,000, compared to $20,549,000 in 2023, an increase of 38.8%[31] Cash Flow - Free cash flow for the third quarter was $19.7 million, up from $11.3 million in the prior-year period[10] - Free cash flow for the nine months ended December 31, 2024, was $25,894,000, compared to $10,721,000 in 2023, indicating a significant increase of 141.5%[32] - The company reported a net cash provided by operating activities of $27,976,000 for the nine months ended December 31, 2024, compared to $18,379,000 in 2023, a growth of 52.0%[32] Assets and Liabilities - Total assets increased to $443,861,000 as of December 31, 2024, compared to $350,430,000 on March 31, 2024, reflecting a growth of 26.6%[27] - Total current liabilities rose to $114,950,000 as of December 31, 2024, compared to $89,371,000 on March 31, 2024, an increase of 28.7%[27] - Cash and cash equivalents decreased to $60,761,000 at the end of the period from $144,891,000 at the beginning, a decline of 58.1%[29] Professional Services and Integration - Professional services revenue has returned to more realistic levels as the company completed most of the development phase of a large project[7] - The integration progress of the Book4Time acquisition is on track, contributing to subscription revenue growth[6] Company Outlook - The company is confident in its product ecosystem and future revenue growth opportunities despite short-term headwinds[11] Share-Based Compensation - Share-based compensation for the nine months ended December 31, 2024, was $12,656,000, compared to $9,489,000 in 2023, reflecting a rise of 33.0%[30] Goodwill - Goodwill increased significantly to $128,544,000 as of December 31, 2024, from $32,791,000 on March 31, 2024, marking a growth of 290.5%[27]