Agilysys, Inc. (AGYS) Tops Q3 EPS by 2c

Agilysys, Inc. (NASDAQ: AGYS) reported Q3 EPS of ($0.08), $0.02 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $31.3 million versus the consensus estimate of $33.45 million.

"Ramesh Srinivasan, President and CEO of Agilysys, commented, “We continue to make good progress with the various strategic initiatives implemented in early fiscal 2018. These steps are designed to position Agilysys for near and long term growth and profitability. Our recurring revenue base continues to improve, reaching a record level this quarter. SaaS revenue grew 26% over fiscal Q3 2017, continuing to grow faster than the rest of our recurring revenue. Compared to the first nine months of fiscal 2017, adjusted EBITDA increased 28% and adjusted earnings from operations improved 16%, notwithstanding the impact of approximately $1.6M in capital expenditures related to the opening and expansion of the India Development Center."

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

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