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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