Agilysys, Inc. (NASDAQ:AGYS) Q1 2025 Earnings Conference Call July 22, 2024 4:30 PM ET

Company Participants

Jessica Hennessy - Senior Director of Corporate Strategy and Investor Relations
Ramesh Srinivasan - President and CEO
Dave Wood - CFO

Conference Call Participants

Mayank Tandon - Needham & Company
Matt VanVliet - BTIG
Stephen Sheldon - William Blair
Brian Schwartz - Oppenheimer

Operator

Good day, ladies and gentlemen. Welcome to the Agilysys 2025 First Quarter Conference Call. As a reminder, today's conference may be recorded.

I would 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, Victor, and good afternoon, everybody. Thank you for joining the Agilysys 2025 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 our ability to meet the provided guidance levels, our ability to increase sales and market share, our ability to maintain profitability levels, 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 2025 first quarter earnings call. Joining Jess and me on the call today is Dave Wood, CFO, at our Alpharetta, Atlanta headquarters.

Let me cover sales performance first before moving on to revenue, profitability, and other business details. All the sales numbers discussed in this call are measured in annual contract value terms. None of the sales numbers mentioned include anything from the Marriott Property Management System, PMS project, including for services. The services and development work we are performing for the Marriott PMS project, which continues to progress according to plan, is reflected in our services revenue levels, but is not counted in any of the sales numbers mentioned.