Agilysys Posts 19th Straight Record Revenue Quarter, Raises Guidance
As seen on the 24/7 Wall St. homepage on October 26, 2026.
Nineteen straight record revenue quarters, and management just raised full-year guidance again, to $374 million to $378 million. Hospitality operators are spending on cloud point-of-sale right now, and this is where it is landing.
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Agilysys delivered adjusted diluted EPS of $0.67 in its fiscal second quarter of 2027, beating expectations, with revenue also coming in ahead of estimates.
A deepening mix shift toward subscription contracts is doing the work: subscription revenue grew 32.6% year-over-year, lifting gross margin and adjusted EBITDA margin along with it.
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CEO Ramesh Srinivasan pointed to sustained demand from hospitality operators upgrading their point-of-sale infrastructure as the force behind the beat, noting that one-time product revenue also came in higher than expected. Eight of ten properties on a leading casino resort ranking are already running on Agilysys software, which speaks to the breadth of its installed base across large multi-venue operators.
Management raised full-year fiscal 2027 revenue guidance to a range of $374 million to $378 million, while lifting subscription growth and adjusted EBITDA margin expectations. Total backlog reached a record level, so the pipeline stays healthy into the second half.
Mentioned: AGYS