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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.