Agilysys Inc (AGYS) revealed a profit for second quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $1.36 million, or $0.05 per share. This compares with $4.09 million, or $0.16 per share, in last year's second quarter.
Excluding items, Agilysys Inc reported adjusted earnings of $9.55 million or $0.34 per share for the period.
Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.5% to $68.28 million from $58.62 million last year.
Agilysys Inc earnings at a glance (GAAP) :
-Earnings (Q2): $1.36 Mln. vs. $4.09 Mln. last year.
-EPS (Q2): $0.05 vs. $0.16 last year.
-Revenue (Q2): $68.28 Mln vs. $58.62 Mln last year.
-Guidance:
Full year revenue guidance: $280 - $285 Mln
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