Agilysys raised its full-year fiscal 2027 revenue guidance to a range of $368 million to $373 million, up from the prior $365 million to $370 million, and lifted its subscription revenue growth outlook to at least 32% from a minimum of 30%. CEO Ramesh Srinivasan said the better-than-expected start to the fiscal year drove the increase, with first-quarter revenue reaching a record $87.7 million, including 26.1% year-over-year subscription growth. CFO Dave Wood noted that nearly the entire guidance raise is tied to subscription revenue, which should be close to 30% growth in the second quarter and accelerate through the second half. The company also reported adjusted EBITDA of $18.3 million, or 20.8% of revenue, and reiterated its full-year adjusted EBITDA margin target of 24% while expecting the fourth-quarter exit rate to approach 30%. Management highlighted three major seven-figure multiproduct ecosystem wins, including two U.S. casino deals and a nine-property Australian resort group switching from a long-time competitor, but declined to break out the specific revenue contribution from the Marriott rollout, which remains on track for completion in roughly 18 to 24 months.
Agilysys IncRaised fiscal 2027 revenue guidance and subscription growth target, with record Q1 revenue and strong EBITDA.