Agilysys Inc (AGYS) released its fourth quarter results on Wednesday, May 19, 2021. The company reported net earnings of $-1.05 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 10 percent compared to the same period a year ago.
Agilysys, Inc. was founded in 1963 and is headquartered in Alpharetta, Georgia. Agilysys, Inc., together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers point of sale, property management systems, payment, inventory and procurement, reservations, table management, activity scheduling, document management, and analytics and marketing loyalty solutions to enhance guest experience.
Agilysys' revenue decreased 15 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 64.62% for the fourth quarter compared to the same period in the previous year, and operating margins decreased to 68.41% over the same period. Net earnings for past trailing twelve months were $-23.61 million, up 31% from the prior year.
Moving on to the balance sheet, Agilysys' cash levels jumped 113% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 62.35% this past year. The current ratio for Agilysys now stands at 2.18. The company increased shares outstanding by 1.7%.
Shares of AGYS are currently trading around $47.06. In terms of valuation, the stock is trading at a price to book ratio of 13.89.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, May 20, 2021.