Agilysys reports Q2 adjusted EPS 40c, consensus 38c

Reports Q2 revenue $79.3M, consensus $76.87M. CEO Ramesh Srinivasan commented, “We are pleased to report yet another excellent set of quarter results and increased expectations for the remainder of the fiscal year. Q2 2026 revenue was $79.3M, the 15th consecutive quarter of record revenue, with 16% year-over-year total revenue growth driven by strong subscription revenue growth of 33%, including Book4Time. Q2 2026 was our second highest selling success quarter, measured in annual contract value terms. The last few quarters have been some of the highest sales success quarters in our history, creating strong business momentum. Even though we continue to achieve excellent progress with product implementations in the field, the sustained high demand for our modernized cloud-native ecosystem of hospitality software solutions once again has kept cumulative backlogs at record levels, providing us good visibility for the second half of the fiscal year. As a result, we are raising the FY26 full year top-line revenue guidance range to $315M-$318M and subscription revenue growth expectations to 29% from the previously guided 27%. While we continue to make good progress with the major PMS project we have been working on, guidance levels continue to exclude any significant subscription revenue contribution from this project”.