Agilysys Earnings: Everything You Must Know Now

Agilysys Inc. (NASDAQ:AGYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Agilysys Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.15 in the quarter versus EPS of $-0.39 in the year-earlier quarter.

Revenue: Rose 21.08% to $63 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Agilysys Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $0.

Quoting Management: James Dennedy, President and CEO of Agilysys, commented, “Our operating results for the fiscal 2013 fourth quarter and full year outperformed our plan and highlight the Company’s successful execution of our strategy. This success is evident in the continued growth of our Hospitality segment where total revenue, recurring revenue and gross margin increased year over year, and where our growth continues to outpace the overall market rate of growth. In addition, we expect the solid growth in hospitality product sales achieved in fiscal 2013 to help drive additional growth in fiscal 2014. We expect this growth to be fueled by continued and substantial investment in our product development initiatives, supplemented by select acquisitions. Our strategy and investment activity remains focused on advancing our product roadmap, capturing new market opportunities, increasing the value proposition to our customers and promoting an innovative professional environment to recruit, grow and retain the brightest minds and most customer-focused professionals in our industry.

Key Stats (on next page)…

Revenue decreased 6.26% from $67.21 million in the previous quarter. EPS increased 87.5% from $0.08 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.06 to a loss $0. For the current year, the average estimate is a profit of $0.24, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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