Following these transactions, the trust holds 293,076 shares of Agilysys (NASDAQ:AGYS). These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which was established in September 2024. It is important to note that Michael Kaufman, a director of Agilysys, is affiliated with the trust but does not have trading authority over it and disclaims beneficial ownership of the shares held by the trust. With the company's next earnings report due on January 28, InvestingPro subscribers can access comprehensive insider trading analysis and 16 additional ProTips to make informed investment decisions. With the company's next earnings report due on January 28, InvestingPro subscribers can access comprehensive insider trading analysis and 16 additional ProTips to make informed investment decisions.
Following these transactions, the trust holds 293,076 shares of Agilysys. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which was established in September 2024. It is important to note that Michael Kaufman, a director of Agilysys, is affiliated with the trust but does not have trading authority over it and disclaims beneficial ownership of the shares held by the trust.
In other recent news, Agilysys, a global provider of hospitality software solutions, reported record revenue of $68.3 million for the second quarter of fiscal year 2025, a 16.5% increase from the previous year. This growth was significantly influenced by the strategic acquisition of Book4Time, which enhanced the company's spa management software offerings, and a notable rise in subscription revenue of 36.6%, reaching $25.1 million. These developments indicate successful expansion and modernization efforts by Agilysys.
The company also announced the expansion of its Board of Directors and the appointment of Lisa Pope as a new board member. Pope, currently presiding over global cloud enterprise software company Epicor, brings extensive experience in scaling Software-As-A-Service businesses. Her appointment increases the board size to eight members and is expected to enhance shareholder value.
In a recent Oppenheimer survey, steady enterprise IT demand was highlighted despite macro uncertainties, indicating an improving demand environment for enterprise suppliers like Agilysys. Finally, despite challenges in the U.S. food service management and Asia-Pacific markets, Agilysys raised its full-year revenue guidance to between $280 million and $285 million, expressing confidence in the recovery of its Point of Sale business and potential for market expansion. The company also expressed interest in making more strategic acquisitions in the future.
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