Business Wire·Jul 27, 2026, 4:05 PM ET

Agilysys Announces Record Revenue of $87.7M in Fiscal 2027 First Quarter

Agilysys reported fiscal 2027 first-quarter total net revenue of $87.7 million, a 14.3% increase year-over-year.
Recurring revenue reached a record $57.7 million, representing 65.9% of total net revenue.
Subscription revenue grew 26.1% year-over-year, accounting for 69.7% of total recurring revenue.
Gross margin improved to 63.5% in the quarter compared to 61.7% in the prior-year period.
Net income for the quarter was $9.0 million, or $0.32 per diluted share, up from $4.9 million in the prior year.
Adjusted EBITDA was $18.3 million, representing a margin of 20.8% for the quarter.
Adjusted diluted EPS was $0.49 per share, compared to $0.33 in the comparable prior-year period.
Free cash flow was $7.3 million, contrasting with a negative $5.0 million in the prior-year quarter.
The company raised its full-year fiscal 2027 total revenue guidance to a range of $368 million to $373 million.
Full-year subscription revenue growth guidance was increased to at least 32%, up from the previous expectation of at least 30%.
Full-year adjusted EBITDA guidance remains at 24% of revenue.
Professional services revenue reached a record $19.6 million, contributing to the 18th consecutive record revenue quarter.
Backlog levels hit record highs driven by strong sales velocity.
Agilysys held a conference call on July 27, 2026, to discuss the results.
The company operates exclusively in the hospitality sector with headquarters in Alpharetta, GA.