the you, Quarter Thank fiscal Welcome Good Jess. Earnings evening. to Third XXXX Call.
the Joining Atlanta headquarters Jess CFO. at today on and is me our call Dave Wood, our
Calendar period think will selling pace our respect December from period extraordinarily success and value future. matters years, better With successful the sales to best-ever other measure confuse one selling XX-month is We and terms. fiscal revenue to sales, for that success want details. XXXX, an Calendar Let in calendar allow of first get the but and period. sales before sales was annual comment. in sales was me XXXX calendar me only the contract discussing cover we I make quick January between and please to to don't
to back year. fiscal switching Now
calendar April period progressing the year's of this calendar first was hotels, year end previous for sales XXXX our FY of the XXXX, XXXX, year quarters the has have year-to-date ship to quarters resorts is quarters best at from reported fiscal fiscal X fiscal the before, cruise the seen Sales we the Compared Asia the XXXX, fiscal during ahead of last in first improvements to FY of first the and As the March X year, significant success. year fiscal Pacific XXXX previous the of pace. U.S. region and across verticals. across year-over-year, X sales
and where customers, demand the software InfoGenesis, new to current kiosk major value prior year-to-date overall year's no remains area year. on competition wins, also guest-facing Sales tool in the the from We've meaning increases to this fiscal quarters noncompetitive terms during involved compared POS, first point-of-sale In wins. significantly XXXX, and of compared customer sales in X value significant and solutions is higher remote the quarters. also been there X to vertical of last year-over-year a strength the gaming for be sales us casinos first #X fiscal to of ordering continues sales of guest-facing Sales have by value. seen of
reengineered of expect are spot, fiscal our While the XXXX steadily an on this momentum. better sales other momentum success better customer are we products products now and year, modern of modules to done there of excellent management the use and increasing the at stories and the PMS that new of up versions future, add-on modules, even create. the in based are number PMS like our modules related property do We certain products system which are to have sales yet and pick
is focused enterprise to process our create that a next Now objective journey to become product world-class provider, are the moving phase reengineering in of we hospitality in our the past software increase who good discuss that reference passing it and continues success are others. with willing to are ecosystem, every And our number to with seeing product customers with integrated and month. new
we stories an dedicating are for our about breakout who track product In annual customers fact, entire in XX talk XXst upcoming the going to with to session user their are March innovations. conference, success recent
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new but far. this fiscal subscription-based. Though quarter October of added number highest the to of those have thus sold now, is the one We deals each number customers level XXXX, quarter QX XX we remains the of to all During XX. seen XX, for December, steady we customers average products added added were and customer new each
PMS customer X deals average X.X an POS closed of New an included average quarter included each products of deal this each, while products. about
fiscal customer an deal X And average average new the XX% XXXX, XX%, to about was sales terms, fiscal during about products. during customer to The value year the size all customers overall, of last of new each higher first size X.X new of the first fiscal year. In to customers sold of agreement included was last quarters annual X deal value than more average XX, new quarters compared already contract year. fiscal this we've sold of
any properties, company of the already XX QX, we did new products was not parent also our customer. our before, but During XXXX have fiscal which added
fully the or were XX of least either value since and use. were properties which at had XX% at new such of product of customers, properties additional sales There XX%, quarter added quarter new already products. XX the product new one subscription-based. our fiscal parent Of of QX. XX. during current least last of terms there to properties, a close this to customers, was XXX selling to of currently partially products sales one properties instances new sales, in With involves total instances other new respect to These across In XX were highest year new close to XX, our
revenue and to the at now, the establishing our base technology-based new in customer to of Starting runway to customers. a pace both have flywheel matter new a such will tailwinds growth and field continue within of reaching regardless it's reputation We now good, products helpful. modules of state-of-the-art existing and sales and our us, modernized long growth. We and increasing the trends be of If great grow trends. the always are are an spend of that capacity travel have stage ahead
even ahead a base low our of not trends given current market of ourselves especially management great. such possibilities. grow property are across for the system, We've practically In if side up also very But broad we managed our chains, on the share, business, international well growth dependent not can set PMS ships well two long course, all casinos, and and And gaming one are low regions resorts, in of cruise share. we food hotel our well services given currently, in play growth we market verticals on or as a current wins. hotels, have path big
with matter it of and notoriety more credibility establishing high-quality too, is There, a implementations.
products and for POS, the the During to Inspired near a implemented. X resort enhanced our one the opened of open Entertainment of the experienced research the most South quarter, and Seoul in whole in most total airport Korea recent recent biggest prestigious solutions Incheon successfully PMS times, array add-on of of X versions a in Asia using
tournament ongoing It's Australian tennis Melbourne. our in at to also used the good Open have POS
that enjoyed at POS Vegas, casinos at the at InfoGenesis the one the Fontainebleau hosted At food from moving a and recent personally they show. Agilysys Las Agilysys property, of of to notice a friends Durango in food other outlets me me and acquaintances I also opened outlets recently the Vegas know few name in the system. let which the also major process CES and competing calling Station properties, to various this are
the And some attendees Agilysys noticed cool. name, which of the was
XX of wins across small and the solutions with during future customer, new business recent will product, and regard. early in Back win key quarter very momentum ecosystem numbers Such Still implementations the PMS management successful quarters hospitality to growth. of creation, is best spreading system, Using the PMS our in among customer to news new during but of making the the new core our value our there building. and quarter, it property this topic our be sales history most days site new were versions
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are we as PMS add-on with also competitors competing more modules, there with space who management time, very POS. additional the against gaining property but at long sell many are PMS We as sales for have ground. Xx about are PMS entrenched a asset system, dominated help will software modules Increasing well
natural The Resort. quarter Springs service core visits this the been POS software several solutions. offering more for than Sioux Center, Princeton experience several in point-of-sale, add-on and wins historic significant amenities significant selected Hot hot century Among enhancers products POS during springs. to quarter Iowa. included a Dot wins in Mt. was This the Princeton and PMS in University Mt. PMS Colorado has resort with along with
kitchen high self-service our in current product, purchase licenses this kiosks the major vendors the differentiate Higher guest including partnerships remote included for growth ordering, to is with our of is market Other InfoGenesis with display market. are system low, and POS one share opportunities providers growing sales and core the another other than vertical, us campus continue win card solution. payment integration also where education mobile strong and of
that exceeded and million than to Fiscal a the XX, year making Fiscal last revenue consecutive XX.X% picked a quarter, $XX.X combined of was which product quarter and in $XX.X comparable of confidence $XX.X record year XX, an pace on than giving QX XX.X%, easier the is revenue us record a was first $XX.X the revenue a higher from that's difference quarters. product for million, including at the million year. services, was of record million, revenue this prior first revenue big has XXXX to for product Xth becoming also services in revenue higher was in of implementations quarter implement the higher than XXXX being modern excellent properties. was considerably, Apart the and $XX.X for X revenue various XX.X% where prior recent positive sales each versions as which Now the customers products profitability. year XX.X% is Onetime comparable million QX period. services increased up record quarter
margins million, an prior year for the margin of over Services record quarter. prior $XX.X Services was original quarters higher revenue of services was recent contribute XX% and our XX.X% should expectation above year improvement the fiscal XX%. comparable slightly full a to being than impressive
In quarter level of addition, recurring the annual the extent this we've implementations terms installations. in thus involving subscription measured in achieved highest field of the ARR, far of worth revenue, was completed revenue
continued That for obviously subscription augurs good revenue well growth. future
subscription subscription fiscal that Subscription Speaking revenue to revenue million XX.X% a recurring record $XX.X fiscal record QX of QX XX.X%, XX.X% constituted year. to record overall grew to a to XX, compared revenue of a and of total XX, million. grew $XX.X revenue, year-over-year XX.X% last million, XXXX revenue XX.X% recurring is $XX.X
has additional In related and definitely is which is years achieved PMS getting doubt, quarter period. grown small quarter, ago, doubled revenue this relatively we've only this but revenue $X.X Again, numbers, the from subscription grew no started XX%. level year-over-year, total trend subscription now. absolute we until revenue revenue subscription have comparable number highest PMS Comparing now, by X subscription million the terms, are with revenue growth encouraging. and by X-year modules PMS the in Subscription with
Fiscal Further, revenue huge and combined small from revenue services about services our last X progress levels was but far levels. as growth in grown entire product peak revenue helped future our regions. XX% the this backlog QX has much for international of fiscal PMS-related best Again, potential. year. it encouraging efficiencies did reduce as numbers, to recurring implementation XXXX with quarters Improving of during first the quarter year thus subscription fiscal
POS devices. our be Android, giving revenue of now bit and hardware generic handheld product more good Windows, POS operating including backlog term all-in-one to expect pressure clear our systems iOS This expected We a major due POS starting to several competitive systems: under sleek and reasons, all short-term to long and customers our off-the-shelf for and ongoing a thereby and put on gives supporting is trend options, including pressure lower some onetime product but is medium tablets product a consumer-grade revenue. and products edge,
good we revenue have more and We hardware software as manage from our cloud track software in and J mix. will subscription I'm confident level the the now well a shift at the of to based are the curve record we company, in involved shift less other managing well than subscription even revenue and a
We and well. do revenue, to to continue services revenue expect recurring including subscription
We should year, XXXX full subscription growth. remain include confident full of good This the fiscal raised million revenue range achieving of revenue recently guidance million. to solid $XXX $XXX continuing year
million That full first higher expect adjusted highest XXXX than to We than XXXX mark. Fiscal and be revenue XX% XX.X% slightly even XX, million. have EBITDA fiscal the growth above time of we $XX.X is revenue guidance year provided. exceeded X and was comfortably the XX% subscription XX.X%. in QX the at already level More the previous
for QX due shows and ] even profitability all respect this we to after for fact the operational other efficiencies. expenses, was for focus for providing of us quarter once-a-year the a discounting trade after to with [ absence favorable on greater is BDS normally as profitability a quarter achieving to good once-a-year Even that, that continue
of into XX% level XX%, We XXXX going higher fiscal to expect our year. full expectations XX% guided that than revenue, adjusted previously revenue, and of the of is be EBITDA XX% year the fiscal XX%
We fiscal year-end to April March period for late range provide XXXX, the revenue other covering XX XX, guidance the earnings to during mid call May. will and
let over call that, the to With Dave. hand me