NASDAQ$AGYS
Agilysys Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Agilysys reported positive GAAP EPS, highest adjusted EPS quarter since fiscal year 2014, and positive adjusted EBITDA with a quarterly cash balance increase.
Agilysys reported a decrease in total net revenue to $34.4 million compared to the prior year, but achieved record profitability levels and a strengthened balance sheet. The company expects a modest sequential revenue increase in the next quarter.
- Total net revenue was $34.4 million, a 15.6% decrease year over year.
- Recurring revenues were $22.3 million, representing 64.9% of total net revenue.
- Net income attributable to common shareholders was $5.3 million, or $0.22 per diluted share.
- Adjusted EBITDA was a record $8.6 million.
Headline financials
Revenue & EPS history
Agilysys · Revenue · Quarterly
$34.4M
Revenue by segment
Agilysys · $34.4M total across 3 segments · Q2 2021
- Subscription and maintenance$22.3M+9.7%64.9%
- Products$6.56M-44.8%19.1%
- Professional services$5.5M-35.5%16.0%
Forward guidance
Agilysys expects a modest 5% sequential revenue increase from Q2 to Q3 of fiscal year 2021 and an Adjusted EBITDA of approximately $7.0 million for the same period.
Tailwinds
- Expect a modest 5% sequential revenue increase from Q2 to Q3 of fiscal year 2021
- Balance sheet is in its best position in many years due to recent convertible investment and ability to generate cash.
- Achieved record profitability levels.
- Maintained steadfast focus on world class customer service.
- Expanded R&D resource strength further enhancing the pace of product innovation.
Headwinds
- Hospitality industry business conditions continue to be challenging.
- Product and services revenue this quarter were affected more than previously anticipated due to a greater extent of postponed customer technology investment decisions.
- Expect the hospitality business climate to remain tough for a few more quarters.
- Business climate will be particularly uncertain during the current October to December third quarter due to various factors.
- Expect to see the reduction of Adjusted EBITDA as a result of cessation of one-time cost actions such as salary reductions, which were in place during the first six months of the fiscal year, continued hiring in R&D, and several additional cost elements such as virtual trade shows coming back into the business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.8%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+8.3%
Avg return
30 days after
60%
37 / 62 earnings
Positive
+24.3%
Q2 2025
Best reaction
-20.2%
Q3 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.0% | -8.0% | +24.5% | |
| Q3 2026 | -20.2% | -23.6% | -35.4% | |
| Q2 2026 | +22.7% | +9.0% | +9.2% | |
| Q1 2026 | -4.7% | -0.0% | -8.6% | |
| Q4 2025 | +22.3% | +22.4% | +30.7% | |
| Q4 2024 | +12.7% | +22.2% | +12.3% | |
| Q3 2025 | +4.8% | +6.7% | -3.9% | |
| Q2 2025 | +24.3% | +24.8% | +36.8% | |
| Q1 2025 | +1.3% | +5.5% | +2.0% | |
| Q4 2023 | -11.8% | -11.2% | -6.8% | |
| Q3 2023 | +0.8% | +2.1% | -1.1% | |
| Q2 2023 | +13.0% | +14.4% | +18.3% | |
| Q1 2023 | -5.8% | -6.6% | +2.3% | |
| Q4 2022 | +9.9% | +15.1% | +1.4% | |
| Q3 2022 | -1.8% | -0.7% | +13.0% | |
| Q2 2022 | -19.8% | -8.7% | -13.8% | |
| Q1 2022 | +0.2% | -1.9% | -2.8% | |
| Q4 2021 | -0.3% | +3.9% | +15.2% | |
| Q3 2021 | -16.8% | -24.0% | +21.8% | |
| Q2 2021 | +4.4% | +4.9% | +49.0% | |
| Q1 2021 | +19.5% | +16.3% | +40.7% | |
| Q4 2020 | +1.5% | +3.9% | -0.9% | |
| Q3 2020 | +10.8% | +7.6% | +2.2% | |
| Q2 2020 | +3.7% | -0.9% | +1.9% | |
| Q1 2020 | +2.8% | +3.0% | +15.9% | |
| Q4 2019 | +6.2% | +12.1% | +12.9% | |
| Q3 2019 | +15.1% | +23.5% | +46.4% | |
| Q2 2019 | +7.1% | +8.1% | +6.3% | |
| Q1 2019 | -6.1% | -6.0% | -2.3% | |
| Q4 2018 | +9.0% | +12.9% | +21.4% | |
| Q3 2018 | +1.3% | -1.3% | -5.8% | |
| Q2 2018 | +0.3% | -2.0% | -0.3% | |
| Q1 2018 | +4.2% | +2.0% | +4.8% | |
| Q4 2017 | -1.7% | -0.3% | +2.1% | |
| Q3 2017 | -1.0% | +7.2% | -0.9% | |
| Q2 2017 | +6.6% | +10.8% | +6.5% | |
| Q1 2017 | -3.5% | -2.5% | +5.8% | |
| Q4 2016 | +0.3% | -4.4% | -6.7% | |
| Q3 2016 | +9.6% | — | — | |
| Q2 2016 | +4.8% | — | — | |
| Q1 2016 | +20.3% | — | — | |
| Q4 2015 | -6.7% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +0.6% | — | — | |
| Q1 2015 | -7.3% | — | — | |
| Q4 2014 | -2.8% | — | — | |
| Q3 2014 | -3.0% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | -0.4% | — | — | |
| Q4 2013 | +8.1% | — | — | |
| Q3 2013 | +5.2% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | -17.4% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2011 | -15.6% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | -5.3% | — | — | |
| Q1 2010 | -2.2% | — | — | |
| Q4 2009 | +7.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro