Agilysys Inc (NASDAQ:AGYS) shares are rising in extended trading Monday after the company reported better-than-expected results for the fourth quarter and issued guidance above estimates.
Agilysys stock is showing exceptional strength. What’s behind AGYS gains?
Agilysys Q4 Earnings Highlights
Agilysys reported fiscal fourth-quarter revenue of $82.95 million, beating analyst estimates of $81.56 million, according to Benzinga Pro. The hospitality software provider reported fourth-quarter adjusted earnings of 63 cents per share, beating estimates of 50 cents per share.
Total revenue increased 11.7% year-over-year as subscription revenue grew 24.1% year-over-year. Recurring revenue grew to a record 65.5% of total net revenue during the quarter.
