Agilysys (AGYS) Tops Q1 EPS by 3c; Boosts FY15 Outlook
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Agilysys’ Fiscal 2016 First Quarter Revenue Increases 16% to $27.5 Million Inclusive of Quarterly Record $14.9 Million of Recurring Revenue
August 5, 2015 7:30 AM EDTSubscription Revenue Increases 23%
ALPHARETTA, Ga.--(BUSINESS WIRE)-- Agilysys, Inc. (Nasdaq: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2016 first quarter.
Summary of Fiscal 2016 First Quarter Financial Results
Total net revenue was $27.5 million, compared to total net revenue of $23.7 million in the comparable prior-year period. Recurring revenues (which are comprised of support, maintenance and subscription services) were $14.9 million, or 54% of total net revenue, compared to $13.8 million, or... More