Agilysys Stock Tumbles On Q1 Earnings

Agilysys Inc (NASDAQ:AGYS) reported financial results for the first quarter after the market close on Monday. Here’s a rundown of the report.

Q1 Revenue: $76.7 million, versus estimates of $74.35 million

Q1 Adjusted EPS: 33 cents, versus estimates of 36 cents

Total revenue increased 20.7% year-over-year. Recurring revenue totaled $48.6 million and subscription revenue increased 44.3% year-over-year.

The hospitality software solutions company reported free cash flow of negative $5 million. Agilysys ended the quarter with a cash balance ...