Agilysys (AGYS) Q2 2025 Earnings Call Transcript

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Monday, October 28, 2024 astatine 4:30 p.m. ET

• President and Chief Executive Officer — Ramesh Srinivasan

• Chief Financial Officer — Dave Wood

• Chief Commercial Officer — Joe Youssef

Ramesh Srinivasan: Thank you, Jes. Good evening. Welcome to the fiscal 2025 2nd 4th net call. Joining Jes and maine connected the telephone contiguous astatine our Alpharetta, Atlanta office is Dave Wood, our CFO. Let maine archetypal screen little details astir the Book4Time acquisition we completed during the quarter, followed by a summary of our caller selling success, earlier moving connected to gross and different details. We acquired the starring spa absorption bundle supplier Book4Time and its fantabulous high-talent squad a small much than midway during the quarter. Book4Time is the fig 1 endeavor SaaS solution for spas wrong hospitality, presently serving much Forbes 5 prima rated spas than immoderate different competing product.

Book4Time has enjoyed a bully estimation successful hospitality implicit the past mates of decades for its superior merchandise and world-class lawsuit service. Book4Time's gross is astir wholly based connected subscription licenses. Their lawsuit basal is akin to ours, and includes galore resorts, casinos, golf, backstage subordinate clubs successful much than 100 countries, and large marque edifice chains, including Marriott and Hilton, who are communal customers with Agilysys, and besides different chains similar IHG, Hyatt, Accor and Four Seasons who are astatine champion lone partial Agilysys customers presently astatine a tiny information of their properties.

In this narrative, we volition bash our champion to item sales, gross and different details separately applicable to Book4Time with the caveat that specified differentiation is going to go progressively much hard during consequent quarters. The process of integrating Book4Time into the cloth of Agilysys has moved on faster than we anticipated during the mates of months since the acquisition, and it is soon going to beryllium hard for america to property assorted concern metrics separately to Book4Time and Agilysys.

Agilysys income unit present person an further spa absorption merchandise to merchantability to assorted customers wherever applicable, and Book4Time income unit successful coordination with the bigger Agilysys income squad person an full [indiscernible] of hospitality bundle products they tin merchantability to their existent customers and to caller ones successful their income territories. As you volition spot from the numbers we sermon during this call, we are having sizeable occurrence selling further products to existent lawsuit properties. Our win-loss ratio remains precocious erstwhile we scope the merchandise objection signifier successful our income process.