Agilysys Inc. Provides Earnings Guidance for the Fiscal Year 2013
January 31, 2013 at 09:30 pm
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Agilysys Inc. provided earnings guidance for the fiscal year 2013. For the year, the company announced that for the fiscal year 2013 consolidated revenue is now expected to be in the range of $230 million to $232 million compared to the prior forecast of $208 million to $211 million. In addition, the company raising its guidance for fiscal 2013 adjusted operating income to a range of $6 million to $6.5 million from the prior expectation of $3.5 million to $4.5 million.
Full year adjusted net income per share is now anticipated to improve to a range of $0.24 to $0.26 per share from the $0.39 loss reported in fiscal 2012. Its current guidance reflects year-over-year organic revenue growth of approximately 10% resulting in adjusted operating income improving by approximately $40 million, and adjusted earnings improving by approximately $0.65 per share.
Agilysys, Inc. is a provider of hospitality software that delivers cloud-native software-as-a-service (SaaS) and on-premises solutions for hotels, resorts, cruise lines, casinos, corporate foodservice management, restaurants, universities, stadiums, and healthcare. The Company offers software solutions to the hospitality industry, including point-of-sale (POS), property management Systems (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. It is a developer and marketer of software-enabled solutions and services to the hospitality industry, including software solutions integrated with third-party hardware and operating systems; subscriptions and maintenance; and professional services. Its POS solutions include InfoGenesis, IG Flex, IG Kiosk, IG KDS, IG OnDemand, IG Quick Pay, IG Smart Menu, IG PanOptic Kiosk, and IG Digital Menu Board. Its PMS solutions include Agilysys LMS, Agilysys Versa, Agilysys Stay, and others.