Agilysys, Inc. (NASDAQ:AGYS) Q1 2023 Earnings Conference Call July 26, 2022 4:30 PM ET

Company Participants

Jessica Hennessy - Senior Director, Corporate Strategy and IR

Ramesh Srinivasan - President and CEO

Dave Wood - CFO

Conference Call Participants

Matt VanVliet - BTIG

George Sutton - Craig-Hallum

Nehal Chokshi - Northland Capital

Operator

Good day, ladies and gentlemen, and welcome to the Agilysys Fiscal 2023 First Quarter Conference Call. As a reminder, today's conference may be recorded.

I would now like to turn the conference over to Jessica Hennessy, Senior Director of Corporate Strategy and Investor Relations at Agilysys. You may begin.

Jessica Hennessy

Thank you, Justin and good afternoon everybody. Thank you for joining the Agilysys fiscal 2023 first quarter conference call. We will get started in just a minute with management's comments. But before doing so, let me read the Safe Harbor language.

Some statements made on today's call will be predictive and are intended to be made as forward-looking within the Safe Harbor protections of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial guidance.

Although, the company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause results to differ materially.

Important factors that could cause actual results to vary materially from these forward-looking statements include the continued effects of the COVID-19 pandemic and other global economic factors on our business, our ability to continue profitable growth, and the risks set forth in the company's reports on Form 10-K and 10-Q and other reports filed with the Securities and Exchange Commission.

As a reminder, any references to record financial and business levels during this call refer only to the time period after Agilysys made the transformation to an entirely hospitality-focused software solutions company in fiscal year 2014.

With that, I'd now like to turn the call over to Mr. Ramesh Srinivasan, President and CEO of Agilysys. Ramesh, please go ahead.

Ramesh Srinivasan

Thank you, Jess. Good evening. Welcome to our fiscal 2023 first quarter earnings call. Joining Jess and me on the call today at our Atlanta headquarters is Dave Wood, our CFO.

Let's cover sales first, before moving to revenue and other details. We've had five consecutive quarters of solid good sales results measured in annual contract value terms. We continue to have good success in the gaming casinos and resort verticals. Business level from hotel chains and cruise ship verticals are improving.