Agilysys, Inc. (AGYS) Misses Q3 EPS, Revs Beat; Reiterates Forecast

Agilysys, Inc. (NASDAQ: AGYS) reported Q3 EPS of ($0.18), which may not compare to the analyst estimate of ($0.10). Revenue for the quarter came in at $36 million versus the consensus estimate of $35.48 million.

GUIDANCE:

Agilysys today reiterated its forecast for fiscal 2019 full year revenue growth of approximately 10%, compared to fiscal 2018 revenue of approximately $127 million. In addition, the Company now expects that it will record Adjusted Earnings from Operations (non-GAAP measure) of $3.5 million to $4.5 million in fiscal 2019, compared to the loss of approximately $6.0 million for this metric in fiscal 2018. Agilysys also expects fiscal 2019 year-end cash and cash equivalents to be flat to a decline of approximately $3 million, compared to the fiscal 2018 year-end balance of $39.9 million, a significant improvement from the over $9 million decline in fiscal 2018 from the fiscal 2017 year-end balance.

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

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