Agilysys Inc (AGYS) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $14.1 million, or $0.50 per share. This compares with $1.1 million, or $0.04 per share, in last year's first quarter.
Excluding items, Agilysys Inc reported adjusted earnings of $8.3 million or $0.30 per share for the period.
Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.2% to $63.5 million from $56.1 million last year.
Agilysys Inc earnings at a glance (GAAP) :
-Earnings (Q1): $14.1 Mln. vs. $1.1 Mln. last year.-EPS (Q1): $0.50 vs. $0.04 last year.-Revenue (Q1): $63.5 Mln vs. $56.1 Mln last year.
-Guidance:Full year revenue guidance: $275-$280 Million
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.