Agilysys (AGYS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Agilysys reported revenue of $60.57 million for the quarter ended December 2023, reflecting a year-over-year increase of 21.3% [1] - The company's EPS was $0.35, up from $0.26 in the same quarter last year, indicating strong earnings growth [1] - Revenue exceeded the Zacks Consensus Estimate of $60.03 million by 0.90%, while EPS surpassed the consensus estimate of $0.23 by 52.17% [1] Revenue Breakdown - Net revenue from Products was $12.68 million, exceeding the average estimate of $12.51 million, with a year-over-year increase of 18.5% [2] - Subscription and maintenance revenue was reported at $35.11 million, slightly below the average estimate of $35.68 million, but still showing a 16.4% year-over-year growth [2] - Professional services revenue reached $12.78 million, surpassing the estimated $11.84 million, marking a significant year-over-year increase of 40.9% [2] Stock Performance - Over the past month, Agilysys shares have returned -2.8%, contrasting with the Zacks S&P 500 composite's increase of 1.6% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]