The following is a summary of the Agilysys, Inc. (AGYS) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Agilysys reported a record Q4 revenue of $62.2 million, up 17.6% from last year, and an increase of 19.9% in the full year revenue of $237.5 million.

• Subscription and services hit record highs with growth of 31.6% and 43.9% respectively.

• Adjusted EBITDA for fiscal 2024 was at 15.6% of revenue with expectations for next year pinned at 16% of revenue.

• Predicted revenue for fiscal year 2025 ranges between $275 million to $280 million, buoyed by subscription revenue growth of 27%.

Business Progress:

• The modernization of all core products into cloud-native software solutions has been completed.

• A record sales year for subscription software and services was observed, with a 10% gain on the previous year.

• Agilysys grew its customer base with 12 new additions in Q4, with all agreements on a subscription basis.

• In terms of sales wins with new customers, fiscal 2024 saw an impressive 40% increase in annual contract value.

• The partnership with Marriott has created another significant sales growth avenue.

• Ongoing investment in growth initiatives promises to uphold the positive financial trajectory seen this past year.

More details: Agilysys IR

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