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AGILYSYS INC

CIK: 787492 Annual ReportsLatest: 2025-05-23

10-K / May 23, 2025

Revenue:$275,600,000
Income:$23,225,000

10-K / May 22, 2024

Revenue:$237,464,000
Income:$86,195,000

10-K / May 23, 2025

Company Overview: Agilysys, Inc.

Business Focus

  • Industry: Hospitality software solutions
  • Operations: Provides cloud-native SaaS and on-premise technology solutions for hospitality venues globally.
  • Target Customers: Hotels, resorts, casinos, cruise lines, corporate foodservice, restaurants, universities, stadiums, healthcare facilities, and lifestyle communities.

Software Solutions

  • Core Solutions:

    • Point-of-Sale (POS): Hardware and software for transaction processing, supporting traditional and mobile devices.
    • Property Management System (PMS): Including cloud-native (Stay PMS), Versa PMS, LMS (large, complex operations), and integrated systems for multi-property chains.
    • Inventory & Procurement: Solutions like Eatec® (web-enabled inventory, purchasing, recipe management including catering and nutrition) and Stratton Warren System for procurement.
    • Payment Processing:
      • Agilysys Pay: Enterprise-grade payment gateway supporting contactless payments, EMV, wallets like Apple Pay, Google Pay, Alipay, WeChat.
      • eCash & Gift Cards: Digital cash and gift card management.
    • Analytics: Agilysys Analyze for business intelligence derived from POS and PMS data.
    • Professional Services: Implementation, integration, customization, and training.
  • Experience & Engagement Solutions:

    • Digital ordering (IG OnDemand), self-checkout (IG KDS AI-powered kiosks, self-order and pay options), digital menus, contactless menus (QR code scans), mobile apps for check-in/out, digital keys, booking engines, and guest apps.
  • Industry Specific Solutions:

    • Food & Beverage Ecosystem: Designed to support omni-channel ordering, back-of-house management, and beverage service. Includes solutions like InfoGenesis POS, kiosks, and mobile POS devices.
    • Hospitality & Leisure (H&L):
      • Property management for large and small facilities.
      • Experience enhancers such as booking engines, self-service check-in/out, spa, golf, retail, and event sales.
    • Resort & Event Management: Reservations for venues, restaurants, cabanas, and associated revenue management.
    • Loyalty & Marketing: Customer preferences, targeted promotions, and marketing automation.
  • Inventory & Procurement Ecosystem:

    • Eatec® for purchasing, inventory, recipes, forecasting, and nutrition modules.
    • Integration with procurement systems and supplier management.
  • Additional Offerings:

    • Cybersecurity & data protection solutions, including secure payments, document management with DataMagine.
    • Membership management for loyalty programs.

Geographic Presence

  • Headquarters: Alpharetta, Georgia.
  • Global Operations: North America, Europe, Middle East, Asia-Pacific, India.
  • Employees: Approximately 2,200 as of March 31, 2025.
    • Location Breakdown:
      • India: ~68%
      • North America: ~28%
      • Asia-Pacific: ~3%
      • EMEA: ~1%

Financial Highlights (Fiscal Year Ended March 31, 2025)

  • Total Revenue: $275.6 million
    • Products: $41.3 million (decreased from $49.1 million in 2024)
    • Subscription & Maintenance: $170.1 million (increased from $138.1 million in 2024)
    • Professional Services: $64.2 million (increased from $50.3 million in 2024)
  • Net Income: $23.2 million
  • Operating Income: $22.6 million (8.2% margin)
  • Market Capitalization: Approximately $2.38 billion as of September 30, 2024
  • Shares Outstanding: 28,017,312 as of May 16, 2025

Strategic Objectives

  • Increase revenue from subscription, support, and professional services.
  • Focus on product innovation, international expansion, and operational efficiency.
  • Enhance customer experience and retention via integrated solutions.
  • Grow through acquisitions, such as the recent $145.8 million acquisition of Book4Time in August 2024.
  • Maintain a competitive position with a comprehensive portfolio tailored for the hospitality industry.

Summary

Agilysys is a leading provider of hospitality software solutions, delivering integrated POS, PMS, inventory, procurement, payments, analytics, and experience-enhancing technologies to over 962 customers worldwide, including major hotel brands, casinos, resorts, and healthcare institutions. It emphasizes customer-centric services, innovative cloud solutions, and strategic growth to drive revenue and shareholder value.