Agilysys (AGYS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Agilysys reported revenue of $68.28 million for the quarter ended September 2024, marking a year-over-year increase of 16.5$0.34, up from $0.25 a year ago, representing a surprise of 30.77$0.26 [1] Revenue Breakdown - Net revenue from Products was $10.53 million, slightly above the average estimate of$10.42 million, but reflecting a year-over-year decline of 16.7% [3] - Subscription and maintenance revenue reached $41.43 million, surpassing the two-analyst average estimate of$39.60 million, with a year-over-year increase of 21% [3] - Professional services revenue was reported at $16.32 million, in line with the average estimate of$16.31 million, showing a significant year-over-year growth of 39.2% [3] Stock Performance - Over the past month, Agilysys shares have returned +2.1%, slightly outperforming the Zacks S&P 500 composite's +2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]