Agilysys Inc.'s (AGYS) third-quarter net profit was $14.89 million or $0.64 per share compared with a loss of $3.72 million or $0.17 per share last year.
On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the quarter. Analysts' estimate typically excludes one-time items.
Revenue for the third quarter declined 1.7% to $220.35 million from $224.08 million reported in the third quarter of fiscal 2009.
Other income in the quarter included $2.3 million from a litigation settlement and $2.4 million from the gain recognized on a distribution from the Reserve Fund.
For comments and feedback: editorial@rttnews.com