Reports Record Recurring Revenue of $22.8M Inclusive of Subscription Revenue Growth of 18%
Reports Positive Adjusted EBITDA of $7.6M
Quarterly Free Cash Flow of $7.8M and Cash Balance Increase of $6.9M to $92.6M
ALPHARETTA, Ga.–(BUSINESS WIRE)–Agilysys, Inc. (Nasdaq: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2021 third quarter and period ended December 31, 2020.
Summary of Fiscal 2021 Third Quarter Financial Results
- Total net revenue was $36.7 million, compared to total net revenue of $42.0 million in the comparable prior-year period for a 13% decrease in revenue.
- Recurring revenues (which are comprised of support, maintenance and subscription services) were $22.8 million,…
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