Agilysys cuts FY25 revenue view to $273M from $280M-$285M, consensus $281.9M

Affirms outlook for FY25 adjusted EBITDA expected to be 18% of revenue for the full fiscal year. Dave Wood, CFO, commented, “We are pleased to report strong subscription revenue growth results for the quarter. One time revenue remains challenged as we see continued impacts from our slow point-of-sales bookings during the first half of the year and wind down the heavy lift of significant development efforts related to large projects. While we are disappointed with the short-term headwinds leading to the reduction in our annual total revenue guidance, we remain confident in the strength of our product ecosystem and future revenue growth opportunities.”