Agilysys shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 64 to 81.
ALPHARETTA, Ga., May 14, 2024--Agilysys, Inc., (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced it will participate in the 19th Annual Needham Technology, Media & Consumer Conference being held both virtually and in person in New York City May 14-16, 2024. May 14 -15 will be fully in-person while May 16 will be fully virtual.
Shares of hospitality industry software provider Agilysys (NASDAQ:AGYS) jumped 14.4% in the afternoon session after the company reported first-quarter results, with revenue slightly exceeding analysts' expectations while EPS beat by a more convincing margin. Agilysys's free cash flow generation also exceeded analysts' estimates. Notably, the topline benefited from growth in subscription and professional services, as demand for POS (point-of-sale) and POS-related modules remained strong. Looking