Agilysys, Inc. (AGYS) Tops Q4 EPS by 1c, Offers FY17 Guidance

Agilysys, Inc. (NASDAQ: AGYS) reported Q4 EPS of ($0.07), $0.01 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $31.9 million versus the consensus estimate of $29.5 million.

GUIDANCE:

Agilysys, Inc. sees 2017 revenue of $132-136 million, versus the consensus of $127.82 million.

• Gross margin for fiscal 2017 is expected to be in the low-50% range, which reflects the impact of higher cost of goods sold related to the recently announced general availability of rGuest Stay for limited and select service hotels and chains and a continued mix shift in revenue towards more subscription based sales.
• Adjusted EBITDA is expected to double in fiscal 2017, compared to fiscal 2016 Adjusted EBITDA of $4.3 million.

For earnings history and earnings-related data on Agilysys, Inc. (AGYS) click here.

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