Agilysys Inc reported first-quarter fiscal 2027 results, with revenue of $87.7M, up 14.3% from $76.7M a year earlier, and consolidated net income of $9M as the company continued to shift toward subscription-based offerings.
Financial Highlights
- Revenue was $87.7M for Q1 FY2027, compared with $76.7M in Q1 FY2026; YoY change 14.3%.
- Net income was $9.0M for Q1 FY2027 (consolidated), compared with the prior year quarter (not separately stated).
- Diluted earnings per share: Not reported in Part I Items 1–2 for this quarter.
Business Highlights
- Total net revenue growth was driven by an 18.8% increase in subscription & maintenance revenue, reflecting SaaS momentum.
- Subscription services now represent roughly 66% of revenue as channel mix shifts away from products.
- Gross margin improved to 63.5%, aided by higher professional services margins from better utilization.
- R&D and hiring increased product development spending by 16% to support cloud innovation.
- Operating cash flow turned positive, supporting ongoing investments and customer implementations.
Original SEC Filing:
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