Agilysys Raises Full-Year Guidance Following Record Sales and Subscription Growth
Agilysys (AGYS) reported strong fiscal 2027 second-quarter results, highlighted by a 32.6% year-over-year increase in subscription revenue to $44.2 million. The hospitality software provider raised its full-year revenue guidance to a range of $374 million to $378 million, driven by accelerating demand and record sales within the domestic hotel, resort, and cruise (HRC) segment, which grew 33% year over year. The company is successfully expanding its product ecosystem, with customers purchasing property management systems acquiring an average of 9.3 products per deal. Additionally, Agilysys has implemented a new artificial intelligence framework to manage data governance and automate workflows, strengthening its competitive moat against legacy providers. Management noted that the total addressable market remains significantly larger than their current footprint, providing substantial long-term growth potential.
Tickers: $AGYS
Topics: artificial intelligence cloud platform guidance raise hospitality software subscription revenue
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