Key Highlights

● First-quarter fiscal 2027 Revenue was a record $87.7 million, up 14.3%.

● Subscription revenue grew 26.1%, and Recurring Revenue reached about 66% of the total.

● Net Income was $9.0 million, or $0.32 per diluted share, up from $4.9 million.

● Full-year revenue guidance was raised to $368 million to $373 million.

Latest verified development: an 18th consecutive record revenue quarter

Agilysys, Inc. (NASDAQ:AGYS), which supplies hospitality software including property management and point-of-sale systems, reported fiscal 2027 first-quarter results on 27 July 2026 for the quarter ended 30 June. Revenue was a record $87.7 million, up 14.3% from $76.7 million. Chief executive Ramesh Srinivasan called it the 18th consecutive record revenue quarter, driven by 26% subscription growth.

Chief financial officer Dave Wood said the company had hit the ground running in fiscal 2027.

Recurring revenue and profitability

Subscription and maintenance revenue was $57.7 million, about 66% of total revenue, and subscription revenue alone grew 26.1%. Subscription growth well ahead of the 14.3% total indicates that other revenue lines grew more slowly or contracted, so the mix is shifting toward recurring income.

Net income was $9.0 million, or $0.32 per diluted share, against $4.9 million, or $0.17. Non-GAAP adjusted Diluted Earnings per Share were $0.49 against $0.33. Adjusted EBITDA, a non-GAAP measure, was $18.3 million against $12.5 million, a Margin of roughly 21% against 16%.

GAAP net income equated to a margin of about 10%, and GAAP earnings per share rose by about 88% while adjusted earnings per share rose by about 48%. The faster GAAP growth suggests that items excluded from the adjusted measure shrank relative to earnings, though the reconciliation in the release is the authoritative explanation.

Cash and guidance

Cash was $123.7 million at the quarter-end, and non-GAAP free Cash Flow was $7.3 million, equal to roughly 81% of GAAP net income. The company raised full-year revenue guidance to $368 million to $373 million, with subscription growth of at least 32% for the year.

Net of the first quarter's $87.7 million, the guidance requires roughly $280 million to $285 million over the remaining three quarters, an average of about $93 million to $95 million each. That would be above the first-quarter level, so the outlook assumes continued sequential growth. The subscription target of at least 32% is also higher than the 26.1% delivered in the first quarter, so the guidance implies acceleration.

Operating context

Customer announcements issued alongside the results included 7 Cedars Resort Properties, which expanded its use of the Agilysys ecosystem, including the Versa property management system and InfoGenesis point-of-sale software, and Angel of the Winds, a casino resort near Seattle, which adopted the company's property management, online booking and food-and-beverage point-of-sale products.

The company's fiscal year ends on 31 March, so fiscal 2027 runs from April 2026 to March 2027. Customer wins of this kind are anecdotal and cannot be converted into revenue or timing estimates without disclosure of contract values.

Subscription growth and margin progress at Agilysys

Guidance calls for subscription growth of at least 32% for the year. Free cash flow of $7.3 million in the quarter, about 81% of GAAP net income, is the cash side of that growth.