Agilysys’ stock jumps on revenue, earnings beat

📆 24/10/2023 4:28 AM
📰 MarketWatch

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Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Agilysys Inc.’s AGYS, -0.85% stock climbed 2% in extended trading Monday after the maker of hospitality software reported quarterly results that topped analyst revenue and earnings estimates. Agilysys reported fiscal second-quarter net earnings of $4.55 million, or 16 cents a share, compared with net earnings of $3.

6 million, or 13 cents a share, in the year-ago quarter. Adjusted earnings were 25 cents a share. Revenue was $58.6 million, compared with $47.7 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 19 cents a share on revenue of $56.8 million. Shares of Agilysys have slipped 19% this year, while the broader S&P 500 index has increased 10%.

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