Agilysys reports Q1 adjusted EPS 30c, consensus 25c

Reports Q1 revenue $63.5M, consensus $64.47M. Ramesh Srinivasan, President and CEO of Agilysys, commented, “We are pleased to report our tenth consecutive record revenue quarter at $63.5 million, a 13.3% increase over the comparable prior year quarter, which included strong year-over-year growth of 32.0% for subscription revenue and 39.8% for services revenue. Adjusted EBITDA at $12.1 million, 19% of revenue, was slightly above our original expectations for the current quarter.”