our Jess. Good evening. XXXX Thank you, Earnings Welcome fiscal Quarter to Call. First
Joining headquarters. the at today call me our Jess on and Alpharetta, is Dave Atlanta CFO, Wood,
The past property our moving counted of with development PMS to value numbers from in fiscal to profitability success start including progress represented of the revenue, contract work any for management Marriott the on before numbers reflected to QX of are in and details. ever but first in performance and sales PMS of and years. not services. the this Marriott in is in performing project. include was had discussed QX line sales our year the sales project, we sales call All we None level system Fiscal to anything for is business cover sales the XXXX me the a are services the best mentioned. sales couple services have Let terms. revenue levels, mentioned numbers annual which plan, over high other continues measured according
With respect and PMS, quarter the PMS-related management my pertaining QX quarter. here fourth to increasing property X.X-year sales to systems, consecutive best modules. tenure and the during sequentially was
cloud-native sales is buildup success PMS modules. of by of aided add-on related ongoing gradual momentum, Our state-of-the-art improving the PMS indicative the recently sales and created
on, several property X both them can achieved.
One technology during the PMS, And to unify simultaneously, have that from we rewrite extensive are we previous point-of-sale focused guest-facing that By the other work management X staff-facing systems, revamp core the have up, platform revamp years, completely the and ground cloud-native procurement point-of-sale We POS, on-premise calls, solutions also among mean major aspects required our things, completely was base. functions when to also software and from inventory into products. as by customers. past now mentioned investments up, objectives, objective been R&D during ground which of like
past additional core XX-plus second given has to this creating was a with during objective have integrated many modules years. compelling competitive us a experience opportunities software add-on distinct of sales Completing software few objective software the solutions, The advantage. create solutions. hospitality us cloud-native given modules These enhancers, ecosystem the thereby add-on
XXXX. QX than XX% for our sales of sequentially was was thus year. as of high sales modules best the quarter The for the as modules, far, than about add-on more higher quarter QX And was add-on best previous XXXX first which fiscal quarter last and preceding fiscal twice
year occurred sales quarter the highest multiple ago, a quarter and involved and with for The vertical. previous than one licensing sales contracts. these, quarter was the Americas more sales fiscal one also hotels operations vertical highest large Barbados, significant a St. win. of perpetual countries, several sales resort this software sales second license-based XXXX multiple Martins. Divi properties featured ever this QX for Among Aruba, little particularly Bone, and across By and during for X St. featured Cray broad-based Resorts X was of contrast, solutions, including more
more Given firepower our potential marketing we add in vertical, share hotels vertical to The to gaming casino efforts. in close and and among have achieving sales market QX, the portfolio solutions during including continues current to to of levels. verticals, peak resource modest sales huge the our sales more we continue as Americas, improve team the here invest lead levels. targeted
a This was the X XXX-plus the of and homes the holiday of selection fine the luxury range Asia largest third apartments, competitors. Australia, marina add-on and XX pandemic multiple from long win at couple since process and a and options competitive Island region Island PMS berth Hamilton Island about APAC is across property resort restaurant Southern Pacific best Hamilton hotels, XX after by casual integrated the quarter and for thorough stakeholders accommodation activities. featuring sales involved a offering modules tough, XX in internal spas, and the dining in over Hemisphere that highlighted a self-catering to options, the tours and
the ecosystem Island Like Agilysys us become showcase Resort integrated hospitality years. has of for Pacific should a Inspire Hamilton solutions Island been Korea, Hamilton for Asia in site region. POS several customer another
QX the was won subscription new we of products XX respect With signed customer or XX during modules to whom June, average of There per added fiscal agreements. customers, sales April X licensed license-based an XXXX, during to quarter. deals new
current any did that parent the XX properties was the Of before, the customers. and new our XX% of about during new partially fully based. our properties quarter across customers, added XX either license new added not subscription already company solutions but software have were also We or
for XXX properties, sale were In already were total, instances accounted the using to there XXX of or our solution deals one least solutions. at of additional In addition, more XXX products. one of selling which these
the sales instances sales new product respect number best and far our of of number was across those the sold new quarter solutions This quarter total to with thus instances.
quarter lower on than for which Revenue was was customer and fiscal licenses lowest its an quarter. quarter. of software of $XX.X subscription Moving SaaS-based record than at licenses XX% revenue QX the consists perpetual increasing revenue, with at and consecutive expected at year perpetual in preference million, couple revenue to was a licenses. challenged $X.X comparable tenth product Onetime software from hardware prior revenue. higher to years this million continues XXXX the be level
of lower than hardware also our The revenue, other part product was expectations.
of iPad now operating supports the POS point enables we to customers iOS systems As and hardware all POS sale, of sales Android. XX% modernized now is our including noted terminal major iPads directly payment like the providers a use version for have to and portion about can endpoint from attached their purchase agreements, less previously, off gateway manufacturers. This because needs. mini all-in-one Consumer-grade can mobile as they that terminal various shelf they well purchase as of devices and devices, modern
POS and for caused less are competitive overall. of unit ships for This a these a solutions less and providing technology edge. sales licenses support evolving consumer-grade and preference software and of POS an for trends the industry positive flexibility our sales perpetual is solutions naturally customers by hardware cloud increasing SaaS-based which expected Both give for devices, in improvements, each
reversed which of by on-premise big X in POS caused But the can licenses, have mitigated or less least the now at to these increasing been to Apart The quarters, faced revenue-related involving than subscription-based happen X hardware partially perpetual The future. and first licenses shift trends during could affecting second software from wins product one, POS. involving recent sales has additional be levels. is optimal be then. by unlikely sales we challenge
of has We've modernize unified technology been Our POS servers. from transformation working The been terminal endpoint cloud-native solutions. stages the few a configuration parts. The distinct system a POS couple going it tough end, itself phase of through business this layers transforms technology old in state-of-the-art during through years. front middle to past and and back-end as POS consists
We making past involved implementations years approach and of the a couple difficult. combinations old during permutation one and in implementations phased one have modernized technology, new of them have complex by
top one very our and POS guest the time cloud-native achievement beverage short the class kiosks first-time kiosks respect project making that out at under was price with quality results successfully This complex of a have recent implementations news becoming recent month, guest-facing of all implementation a cafes installed bounds a difficulties. modernization Disneyland modules park. and involving have much adoption all The POS by engineering encouraging. improved a at the Paris, versions now schedule. Earlier initial to paid versions and software and easier to product of we new work The have and is such have of less lot We and leaps been new unification food the and this for theme high-pressure business famous been good the completed carried involved handle. for
the POS We After expect such during processes, expanded POS at adopted kiosks installed integrated successes used the our widely the several recently have next to couple manual significantly systems to modernized of major ship number which a use loyalty of additional be has addition, few XXX% systems, expand to used park the their mobility-based of modules use installing months. and our with automate a Agilysys ships, company and ships crucial on of cruise in before. this initial to promotions
state-of-the-art food versions Las of of in very a news include versions location recently a Vegas, guest-facing the at York in implemented modernized the POS the couple Agilysis in and for Other botanical famous implementations Las one few At and well-known of multiple product a a that which court solution been POS properties using New international [indiscernible] was recently system. foot opened premium replacing kiosks, at the add-on modules serving their Philadelphia. not airport Resorts POS, was InfoGenesis Vegas-based launch a competing most successfully and successful involving City. recent other an outlets, most recent those famous completed had garden recent
Now that's court of that food is food Famous name court. not the actual objective. an
at vendors. We'll of most product the Marriott POS versions implementing one the properties POS as approved us, selection who following be with all recent signed our recent
our couple modernized brand standard been coming was marketing with and has the for as more the digital and of already modules of a at Marriott subject up next implementations on Marriott, chosen membership, While implemented Golf book solution weeks. cloud-native along successfully Agilysys in the few properties one with recently property software
product POS of within the past We reasonable old cloud-native should our new versions summary, frame. are be with to business in a good A lot new move transformation-related able now. In to time field the happening challenges things
soon We our rebound to improve reach the things, help future, also which, hardware other sales should POS ever levels. levels expect product higher revenue than numbers and in among before
$X.X and increase QX XX% in and revenue driven a revenue the subscription recurring which respectively, comparable million within prior $X.X revenue for constituted to year-over-year fiscal In of year-over-year, by recurring XX.X% both QX XX.X% number quarter, records increase million, over level growth. of yet. million and grew revenue. XXXX terms, highest Recurring revenue the Subscription $XX during subscription absolute it grew by are total year revenue,
has QX to XX.X% enhancer now year. sequentially revenue of quarters. XX Recurring software quarter total revenue this subscription compared increased experience from revenue XX.X% modules constituted add-on for Subscription consecutive during last
Our PMS-related total turn, subscription larger X revenue competitive by of solutions Please impressive There software keeping ability POS XX% solution software sales of systems, pertaining to XX% set The and with management grew subscription in sale, end-to-end at not primary kind modules. be enterprise year-over-year a property XX% vertically one let to levels. a sets. that. PMS, The can grew of was, a POS increase repeat POS ratios to point and claim me by in the strength, XX%. many by significant are in universe continues win-loss solutions, focused driven in XX% rates year-over-year companies provide which growth related core their broad modules increase revenue our year-over-year that subscription a PMS year-over-year, across increase and and revenue
implementations, to SaaS subscription obviously record for the fiscal ARR augurs solid consecutive future growth. value sixth QX was revenue implemented, combined With projects subscription well of XXXX subscription-based continued which good respect quarter for
end recurring slightly revenue at to fiscal improved QX, compared and combined the of at product sequential the fiscal services With was respect of XXXX QX of backlog previous the levels, and overall previous backlog XX% to peak end levels. XXXX
slightly services levels decreased due implementation and backlog velocity. thanks product to While improved, performance, to good backlog increased sales recurring revenue
months of are couple year provided all was of retaining fiscal We elements a full that guidance XXXX back. the
end revenue possible revenue year Onetime million revenue million of up challenges is XXXX will lower $XXX It to pressure. some to line closer product top created full the end range. fiscal have $XXX the
a towards by levels to about tilted compared expect We revenue percentage of fiscal fiscal years this the half year to be recent the more point. year second
respect to provided, least of with growth will We guidance year the XXXX. upcoming even good revenue quarters in a full comparisons are during given subscription confident at growth to the off become start tougher year-over-year fiscal and are XX%
Our confident to respect business to earlier. are guidance provided is respect the with by we well with performing revenue, levels, profitability also level XX% and EBITDA
let With to details. Dave more business hand other me over that, call and for color the financial on
