Agilysys, Inc. (AGYS) Misses Q1 EPS by 2c
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Agilysys’ Fiscal 2017 First Quarter Revenue Increases 13% to $31.0 Million, Inclusive of 31% Rise in Subscription Revenue
August 3, 2016 7:00 AM EDTReiterates Fiscal 2017 Outlook
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 2017 first quarter ended June 30, 2016.
Summary of Fiscal 2017 First Quarter Financial Results
Total net revenue was $31.0 million, compared to total net revenue of $27.5 million in the comparable prior-year period. Recurring revenues (which are comprised of support, maintenance and subscription services) were $14.9 million, or 48% of total net revenue, compared... More