Agilysys

Agilysys enjoys growing recurring revenue with clear guidance and backlog visibility. Fiscal 2026 recurring revenue was 205.9 million dollars or 64.5 percent of total; Q1 fiscal 2027 recurring revenue reached 57.7 million dollars or 65.9 percent.

Remaining performance obligations for contracts over one year were about 152 million dollars at March 31, 2026. Management raised fiscal 2027 revenue guidance to 368 to 373 million dollars and reiterated adjusted EBITDA margin of 24 percent.

The customer base is diversified by venue type, with about 87 percent of revenue from the United States and single country exposure outside the U.S. being immaterial.

Predictability is supported by multi‑year contracts, maintenance and subscription, though implementation timing and macro conditions in travel and leisure can affect services revenue cadence.