Posted on May - 01 - 2010
Agilysys Inc. revises fourth-quarter revenue estimate downward
Agilysys Inc. (Nasdaq: AGYS) has revised downward its revenue estimate for its fiscal fourth quarter, which just ended.
The provider of computer hardware and software said it expects to report revenues for the quarter of $130 million to $140 million, which would compare to $155 million in the like quarter last year. Previously, Agilysys had indicated that it expected customer demand levels to be similar to the prior year.
Agilysys said the decline in revenues mainly is due to lower-than-expected sales in the company’s Technology Solutions Group, particularly in the Sun product lines.
Despite the lower projected revenue, Agilysys said gross profit margin is expected to increase from 25.7% recorded in the fourth quarter of fiscal 2009 to a range of 26.2% to 26.8% in this year’s fourth quarter. Agilysys said the improvement in consolidated margins “is due to the mix of business favoring the company’s relatively higher-margin hospitality and retail segments.”
Similar Posts:
- TransDigm Group posts lower second-quarter earnings, but ups guidance
- Preformed Line Products Co. reports big increase in fourth-quarter earnings
- PNC Financial Services Group reports improved first-quarter earnings
- Sherwin-Williams sees dip in first-quarter earnings, but raises full-year guidance
- Datatrak International reports small first-quarter profit vs. year-ago loss
