Here's What Key Metrics Tell Us About Agilysys (AGYS) Q1 Earnings

Core Insights - Agilysys reported revenue of $63.51 million for the quarter ended June 2024, reflecting a 13.3% increase year-over-year, with EPS at $0.30 compared to $0.18 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $64.57 million by 1.64%, while the EPS exceeded the consensus estimate of $0.22 by 36.36% [1] Revenue Breakdown - Net revenue from Products was $9.87 million, which is 22.7% lower than the year-ago quarter and below the average estimate of $11.17 million [2] - Net revenue from Subscription and Maintenance was $38.04 million, slightly below the average estimate of $38.06 million, but represents an 18.4% increase year-over-year [2] - Net revenue from Professional Services was $15.60 million, exceeding the average estimate of $15.35 million, with a significant year-over-year increase of 39.8% [2] Stock Performance - Agilysys shares have returned 9.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a 0.4% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]