Agilysys delivered its 19th consecutive record revenue quarter, exceeding analyst expectations for both top and bottom-line performance. The results were characterized by significant expansion in subscription revenue and adjusted EBITDA margins, prompting management to raise its outlook for the full fiscal year 2027.
Key Highlights
- Total net revenue grew 17.7% year-over-year to $93.4 million, driven by robust demand for modern POS technology solutions in the hospitality sector.
- Adjusted EBITDA reached $24.1 million, or 25.9% of revenue, compared to $16.4 million in the prior-year period.
- Gross margin expanded to 64.6% from 61.7% YoY, reflecting the ongoing shift toward higher-margin subscription services.
- The company raised its FY2027 revenue guidance to a range of $374 million to $378 million and increased its subscription revenue growth target to at least 34%.