Agilysys (AGYS) Tops Q1 EPS by 3c; Boosts FY15 Outlook

Agilysys (NASDAQ: AGYS) reported Q1 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $27.5 million versus the consensus estimate of $24.69 million.

Raises Fiscal 2016 Outlook

Agilysys today provided an update to its forecast for fiscal 2016 revenue and Adjusted EBITDA (non-GAAP) originally provided on May 28, 2015. The outlook for fiscal 2016 now contemplates full-year revenue of $106 - $108 million which is a moderately higher expectation for year over year revenue growth compared to previous expectations of revenue to be slightly above fiscal 2015 revenue of $103.5 million. The Company expects that its now higher revenue forecast will similarly translate to its expectation for higher Adjusted EBITDA compared to fiscal 2015 Adjusted EBITDA of $1.2 million. The Company continues to expect that gross margin for fiscal 2016 will be consistent with full year fiscal 2015 levels in the high 50% range.

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

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