Agilysys, Inc. reported a total revenue of $275.6 million for the fiscal year ending March 31, 2025, marking a 16.1% increase from $237.5 million in the previous fiscal year. The company's profitability also improved, with operating income rising to $22.6 million, a 43.4% increase compared to $15.8 million in fiscal 2024. The gross profit margin increased from 60.7% to 62.4%, driven by a shift in revenue composition, particularly in subscription and maintenance services, which saw a 23.2% increase to $170.1 million.
The fiscal year was characterized by significant strategic developments, including the acquisition of Book4Time, a spa management software company, for $145.8 million. This acquisition, completed on August 20, 2024, is expected to enhance Agilysys' product offerings and customer base. The company also reported a notable increase in professional services revenue, which rose by 27.7% to $64.2 million, reflecting heightened activity in technology implementation among both new and existing customers.
Operationally, Agilysys expanded its customer base and geographic reach, with international revenue accounting for 10% of total revenue, up from 6% in the previous year. The company employed approximately 2,200 individuals as of March 31, 2025, with a significant portion of its workforce based in India. The filing indicated a focus on increasing the proportion of revenue derived from subscription services and ongoing support, which are expected to drive future growth.
Looking ahead, Agilysys anticipates continued growth in subscription and maintenance revenue, bolstered by the integration of Book4Time's offerings. The company aims to enhance its liquidity and operational efficiency while investing in product innovation and development. However, management acknowledged potential challenges posed by macroeconomic conditions, including political unrest and labor shortages, which could impact customer spending and pricing decisions.
About AGILYSYS INC
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