{"success":true,"data":{"pressRelease":{"id":"180164","rtpr_id":"nBwbMfLFGa-20261026","ticker":"AGYS","exchange":"NASDAQ","all_tickers":["AGYS"],"title":"Agilysys Announces Record Revenue of $93.4M in Fiscal 2027 Second Quarter","author":"Business Wire","published_at":"2026-10-26T20:05:00.786Z","article_body":"Agilysys Announces Record Revenue of $93.4M in Fiscal 2027 Second Quarter\n\nInclusive of Subscription Revenue Growth of 32.6% and Quarter Adjusted EBITDA\nof 25.9%\n\nRaises Full-Year Fiscal 2027 Guidance Levels: Total Revenue Range to $374M to\n$378M and Subscription Revenue Growth to At Least 34%\n\nAgilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality\nsoftware solutions and services, today reported results for its fiscal 2027\nsecond quarter ending September 30, 2026.\n\nSummary of Fiscal 2027 Second Quarter Financial Results\n\n\n * Total net revenue increased 17.7% to a record $93.4 million compared to total\nnet revenue of $79.3 million in the comparable prior-year period.\n\n * Recurring revenue (comprising subscription and maintenance charges) was a\nrecord $62.2 million, 66.6% of total net revenue, compared to $51.0 million,\n64.3% of total net revenue for the same period in fiscal 2026. Subscription\nrevenue increased 32.6% year-over-year and was 71.2% of total recurring\nrevenue compared to 65.5% of total recurring revenue in the second quarter of\nfiscal 2026.\n\n * Gross margin was 64.6% in the fiscal 2027 second quarter compared to 61.7% in\nthe comparable prior-year period.\n\n * Net income in the fiscal 2027 second quarter was $13.2 million, $0.46 per\ndiluted share, compared to $11.7 million, $0.41 per diluted share, in the\ncomparable prior-year period.\n\n * Adjusted EBITDA (non-GAAP) was $24.1 million compared to $16.4 million in the\ncomparable prior-year period (reconciliation included in financial tables).\n\n * Adjusted diluted EPS (non-GAAP) was $0.67 per share in the fiscal 2027 second\nquarter compared to $0.40 per share in the comparable prior-year period\n(reconciliation included in financial tables).\n\n * Free cash flow (non-GAAP) in the fiscal 2027 second quarter was $14.8 million\ncompared to free cash flow of $15.0 million in the fiscal 2026 second quarter\n(reconciliation included in financial tables). Ending cash balance was $137.6\nmillion compared to ending cash balance of $116.9 million as of fiscal 2026\nyear-end.\n\nRamesh Srinivasan, President and CEO of Agilysys, commented, “Revenue was a\nrecord $93.4 million during Q2 Fiscal 2027, the 19th consecutive record\nrevenue quarter, driven by subscription growth of 32.6%.\n\nQ2 Fiscal 2027 one-time product revenue was higher than expected as the\nhospitality industry continues to increase its investments in modern point of\nsale (POS) technology solutions. The industry also continues to move forward\nin earnest to implement the modern, cloud-native ecosystem of software\nsolutions that allows them to improve operational efficiencies and deliver\ngreat guest experiences. Q2 Fiscal 2027 was yet another record sales quarter,\nthe best ever Q2 July to September sales period, keeping total backlog at\nrecord levels despite strong implementation and delivery results.\n\nThe business continues to grow ahead of our previous expectations. As a\nresult, we are once again raising full fiscal year total annual revenue\nguidance to now be in the range of $374 million to $378 million, driven among\nother things, by an increase in subscription revenue growth, now expected to\nincrease by at least 34% year over year. We expect full fiscal year Adjusted\nEBITDA to be 25% of revenue, higher than the prior expectation of 24%,”\nSrinivasan concluded.\n\nFiscal 2027 Outlook\n\nThe Company is raising full year subscription revenue growth guidance of at\nleast 32% year-over-year to at least 34% and full year fiscal 2027 total\nrevenue to be $374 million to $378 million. Adjusted EBITDA expectations are\nalso increasing to 25% of revenue for the full fiscal year.\n\nDave Wood, Chief Financial Officer, commented, “The second quarter of the\nfiscal year has continued to yield strong results. The teams are continuing to\nexecute at elevated levels across the board, driven by a sustained high level\nof sales demand and project implementation velocity. We are pleased to be in a\nposition once again to increase our full year expectations as a result of this\ncontinued momentum. The company is well positioned to continue to execute\nagainst the current forecasted plan during the second half of the fiscal\nyear.”\n\n2027 Second Quarter Conference Call and Webcast\n\nAgilysys is hosting a conference call and webcast today, October 26, 2026, at\n4:30 p.m. ET. Both the call and the webcast are open to the public. Interested\nparties can register for the call at\nhttps://register-conf.media-server.com/register/BIac8a5e2d79e747db9c282b61d3c6416b\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fregister-conf.media-server.com%2Fregister%2FBIac8a5e2d79e747db9c282b61d3c6416b&esheet=54629045&newsitemid=20261026081460&lan=en-US&anchor=https%3A%2F%2Fregister-conf.media-server.com%2Fregister%2FBIac8a5e2d79e747db9c282b61d3c6416b&index=1&md5=1e32bf8b36ddda4fceeba343336e3664)\n. After registration, an email confirmation with a personalized PIN will be\nprovided along with further access details. Please plan to register 15 minutes\nprior to the presentation to receive confirmation and further instruction in a\ntimely manner.\n\nInterested parties can also access the conference call live through the Events\nand Presentations section of the Investor Relations page of Agilysys.com.\nApproximately two hours after the call has concluded, an archived version of\nthe webcast will be available for replay at the same location.\n\nForward-Looking Language\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Forward-looking statements can be identified by\nwords such as: “anticipate,” “intend,” “plan,” “goal,”\n“seek,” “believe,” “project,” “outlook,” “forecast,”\n“preliminary,” “estimate,” “expect,” “strategy,” “future,”\n“likely,” “may,” “would,” “could,” “should,” “will”\nand similar references to future periods. Examples of forward-looking\nstatements include, among others, our revenue, subscription revenue and\nAdjusted EBITDA guidance for the 2027 fiscal year.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on our current beliefs,\nexpectations and assumptions regarding the future of our business, future\nplans and strategies, projections, anticipated events and trends, the economy\nand other future conditions. Because forward-looking statements relate to the\nfuture, they are subject to inherent uncertainties, risks and changes in\ncircumstances that are difficult to predict and many of which are outside of\nour control. Our actual results and financial condition may differ materially\nfrom those indicated. Therefore, you should not rely on any of these\nforward-looking statements. Important factors that could cause our actual\nresults and financial condition to differ materially from those indicated\nherein and in other filings and statements include, among others, the impact\nmacroeconomic factors may have on the overall business environment, our\nability to achieve our fiscal 2027 guidance, maintaining sales momentum, the\ncompany's ability to convert the backlog into revenue, and the Risk Factors\ndescribed in the Company’s filings with the Securities and Exchange\nCommission, including the Company’s reports on Form 10-K and Form 10-Q.\nAdditionally, references to \"record\" financial and business levels in this\ndocument refer only to the time period after Agilysys made the transformation\nto an entirely hospitality focused software solutions company in FY2014.\n\nAny forward-looking statement made by us in this press release is based only\non information currently available to us and speaks only as of the date on\nwhich it is made. We undertake no obligation to publicly update any\nforward-looking statement that may be made from time to time, whether written\nor oral, whether as a result of new information, future developments or\notherwise.\n\nUse of Non-GAAP Financial Information\n\nTo supplement the unaudited consolidated financial statements presented in\naccordance with U.S. GAAP in this press release, certain non-GAAP financial\nmeasures as defined by the SEC rules are used. These non-GAAP financial\nmeasures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic\nearnings per share, adjusted diluted earnings per share and free cash flow.\nManagement believes that such information can enhance investors’\nunderstanding of the Company’s ongoing operations.\n\nThe Company has included the following non-GAAP financial measures in this\npress release: adjusted net income, adjusted basic earnings per share and\nadjusted diluted earnings per share. The Company believes these non-GAAP\nfinancial measures provide valuable insight into the Company’s overall\nprofitability from core operations before certain non-cash and non-recurring\ncharges. The Company defines adjusted net income as net income before\namortization expense (including amortization of developed technology),\nshare-based compensation, other (gains) and charges, net, and legal\nsettlements, less the related income tax effect of these adjustments, as\napplicable, at the Company's current combined federal and state income\nstatutory tax rate and tax events as defined in the accompanying tables and\ndefines adjusted earnings per share as adjusted net income divided by basic\nand diluted weighted average shares outstanding.\n\nSee the accompanying tables below for the definitions and reconciliation of\nthese non-GAAP measures to the most closely related GAAP measures.\n\nAbout Agilysys\n\nAgilysys delivers state-of-the-art software and services built exclusively for\nhospitality, helping organizations go beyond traditional property management\n(PMS), point-of-sale (POS), and food and beverage inventory and procurement\nsystems. Its best-in-class solutions operate independently or as a unified\necosystem that connects data and workflows across an operation, property or\nenterprise. Powered by intelligent guest profiles, data-driven capabilities,\nand embedded artificial intelligence (AI), Agilysys is architected on a\nunified data model with a single set of APIs that create shared operational\nmemory across all systems, enabling guest-specific insights to be acted on in\nreal time at any touchpoint. Agilysys delivers advantage through pace and\nintegration, transforming hospitality technology from a system of record into\na system of action that accelerates innovation and the rapid delivery of new\ncapabilities. Agilysys serves a 100% hospitality customer base, including\nhotels and resorts, casinos, cruise lines, corporate and campus dining,\nhealthcare, senior living, and entertainment venues worldwide. Agilysys\noperates across the Americas, Europe, the Middle East, Africa, Asia-Pacific,\nand India with headquarters located in Alpharetta, GA. For more information\nvisit Agilysys.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FAgilysys.com&esheet=54629045&newsitemid=20261026081460&lan=en-US&anchor=Agilysys.com&index=2&md5=890f307aa4384b5cc7a5eaa2dbc417d5)\n.\n\n- Financial tables follow -\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n \nSeptember 30, \nSeptember 30, \n (In thousands, except per share data)   2026     2025       2026       2025   \n Net revenue:                         \n Subscription and maintenance   $ 62,160     $ 50,955     $ 119,902     $ 99,579   \n Professional services     19,210       18,249       38,803       36,347   \n Products     11,990       10,095       22,333       20,050   \n Total net revenue     93,360       79,299       181,038       155,976   \n Cost of goods sold:                         \n Subscription and maintenance     12,614       10,850       25,340       20,833   \n Professional services     13,267       13,445       25,928       26,645   \n Products     7,172       6,037       13,805       12,236   \n Total cost of goods sold     33,053       30,332       65,073       59,714   \n Gross profit     60,307       48,967       115,965       96,262   \n Gross profit margin     64.6 %     61.7 %     64.1 %     61.7 % \n Operating expenses:                         \n Product development     19,846       17,825       40,091       35,280   \n Sales and marketing     11,479       9,781       23,675       21,574   \n General and administrative     11,294       10,164       22,404       20,920   \n Depreciation of fixed assets     849       964       1,675       1,908   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Legal settlements, net     —       110       —       225   \n Total operating expense     45,059       34,820       90,980       77,594   \n Operating income     15,248       14,147       24,985       18,668   \n Other income (expense):                         \n Interest income     1,066       346       2,056       793   \n Interest expense     (73 )     (56 )     (142 )     (273 ) \n Other income (expense), net     501       1,274       654       1,372   \n Income before taxes     16,742       15,711       27,553       20,560   \n Income tax provision     3,565       4,001       5,384       3,960   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n                           \n Weighted average shares outstanding - basic     28,142       27,882       28,122       27,838   \n                           \n Net income per share - basic:   $ 0.47     $ 0.42     $ 0.79     $ 0.60   \n                           \n Weighted average shares outstanding - diluted     28,577       28,397       28,500       28,348   \n                           \n Net income per share - diluted:   $ 0.46     $ 0.41     $ 0.78     $ 0.59   \n\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n               \n (In thousands, except share data)   September 30,     March 31,   \n \n2026 (Unaudited) \n2026 \n ASSETS             \n Current assets:             \n Cash and cash equivalents   $ 137,558     $ 116,894   \n Accounts receivable, net of allowance for expected credit losses of $859 and     41,108       43,069   \n $1,105, respectively \n Contract assets     5,969       4,438   \n Inventories     10,445       7,529   \n Prepaid expenses and other current assets     12,417       12,201   \n Total current assets     207,497       184,131   \n Property and equipment, net     13,048       13,950   \n Operating lease right-of-use assets     12,381       13,823   \n Goodwill     132,372       133,908   \n Intangible assets, net     63,379       66,359   \n Deferred income taxes, non-current     54,787       58,069   \n Other non-current assets     12,014       11,288   \n Total assets   $ 495,478     $ 481,528   \n LIABILITIES AND SHAREHOLDERS' EQUITY             \n Current liabilities:             \n Accounts payable   $ 15,331     $ 12,445   \n Contract liabilities     69,639       83,009   \n Accrued liabilities     18,333       24,333   \n Operating lease liabilities, current     5,099       5,323   \n Total current liabilities     108,402       125,110   \n Deferred income taxes, non-current     10,189       10,144   \n Operating lease liabilities, non-current     12,120       13,721   \n Other non-current liabilities     7,034       5,762   \n Commitments and contingencies             \n Shareholders' equity:             \n Common shares, without par value, at $0.30 stated value; 80,000,000 shares     10,003       10,003   \n authorized; 33,342,288 shares issued; and 28,215,472 and 28,166,478 shares \n outstanding at September 30, 2026 and March 31, 2026, respectively \n Treasury shares, 5,126,816 and 5,175,810 at September 30, 2026 and March 31,     (1,539 )     (1,554 ) \n 2026, respectively \n Capital in excess of stated value     143,883       131,632   \n Retained earnings     221,940       199,771   \n Accumulated other comprehensive loss     (16,554 )     (13,061 ) \n Total shareholders' equity     357,733       326,791   \n Total liabilities and shareholders' equity   $ 495,478     $ 481,528   \n\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n \n \n \n(UNAUDITED) \n   \n     Six Months Ended   \n     September 30,   \n (In thousands)   2026     2025   \n               \n Operating activities             \n Net income   $ 22,169     $ 16,600   \n Adjustments to reconcile net income to net cash provided by operating             \n activities: \n Loss on asset disposals     —       2   \n Depreciation of fixed assets     1,675       1,908   \n Amortization of internal-use software and intangibles     2,848       2,890   \n Amortization of developed technology acquired     330       333   \n Deferred income taxes     3,222       3,188   \n Share-based compensation     12,281       10,029   \n Changes in operating assets and liabilities     (19,519 )     (24,083 ) \n Net cash provided by operating activities     23,006       10,867   \n Investing activities             \n Cash paid for business combination, net of cash acquired     (884 )     —   \n Capital expenditures     (876 )     (850 ) \n Net cash used in investing activities     (1,760 )     (850 ) \n Financing activities             \n Debt repayments     —       (24,000 ) \n Proceeds from Employee Stock Purchase Plan purchases     716       777   \n Repurchase of common shares to satisfy employee tax withholding     (1,197 )     (742 ) \n Net cash used in financing activities     (481 )     (23,965 ) \n Effect of exchange rate changes on cash     (101 )     243   \n Net increase (decrease) in cash and cash equivalents     20,664       (13,705 ) \n Cash and cash equivalents at beginning of period     116,894       73,041   \n Cash and cash equivalents at end of period   $ 137,558     $ 59,336   \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands)   2026     2025     2026     2025   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n Income tax provision     3,565       4,001       5,384       3,960   \n Income before taxes     16,742       15,711       27,553       20,560   \n Depreciation of fixed assets     849       964       1,675       1,908   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Amortization of developed technology acquired     164       167       330       333   \n Interest expense (income), net     (993 )     (290 )     (1,914 )     (520 ) \n EBITDA (a)     18,183       17,984       30,492       25,171   \n Share-based compensation     6,293       5,000       12,281       10,029   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Other non-operating (income) expense, net     (501 )     (1,274 )     (654 )     (1,372 ) \n Legal settlements, net     —       110       —       225   \n Adjusted EBITDA (b)   $ 24,145     $ 16,364     $ 42,406     $ 28,850   \n   \n (a) EBITDA, a non-GAAP financial measure, is defined as net income before \n income taxes, interest income (net of interest expense), depreciation and \n amortization (including amortization of developed technology) \n \n \n \n  \n \n \n \n(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as net income \n before income taxes, interest income (net of interest expense), depreciation \n and amortization (including amortization of developed technology), and \n excluding charges relating to i) share-based compensation, ii) other (gains) \n and charges, net, iii) other non-operating expense (income), and iv) legal \n settlements \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER \n SHARE \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands, except per share data)   2026     2025     2026     2025   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n Amortization of developed technology acquired     164       167       330       333   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Share-based compensation     6,293       5,000       12,281       10,029   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Legal settlements, net     —       110       —       225   \n Tax events (a)     (213 )     75       (1,077 )     (950 ) \n Income tax adjustments     (1,901 )     (1,589 )     (3,730 )     (3,192 ) \n Adjusted net income (b)   $ 19,111     $ 11,449     $ 33,108     $ 20,732   \n                           \n Basic weighted average shares outstanding     28,142       27,882       28,122       27,838   \n Diluted weighted average shares outstanding     28,577       28,397       28,500       28,348   \n                           \n Adjusted basic earnings per share (c)   $ 0.68     $ 0.41     $ 1.18     $ 0.74   \n Adjusted diluted earnings per share (c)   $ 0.67     $ 0.40     $ 1.16     $ 0.73   \n   \n (a) Tax events include excess tax benefits or expense related to share-based \n compensation, release of valuation allowances against deferred income taxes, \n and changes in uncertain tax positions \n \n \n \n  \n \n \n \n(b) Adjusted net income, a non-GAAP financial measure, is defined as net \n income before amortization expense (including amortization of developed \n technology), share-based compensation, other (gains) and charges, net, and \n legal settlements, less the related income tax effect of these adjustments, as \n applicable, at the Company’s current combined federal and state income \n statutory tax rate and, as defined under (a) above, tax events \n \n \n \n  \n \n \n \n(c) Adjusted earnings per share, a non-GAAP financial measure, is defined as \n adjusted net income divided by basic and diluted weighted average shares \n outstanding \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands)   2026     2025     2026     2025   \n Net cash provided by operating activities   $ 15,173     $ 15,213     $ 23,006     $ 10,867   \n Capital expenditures     (356 )     (217 )     (876 )     (850 ) \n Free cash flow (a)   $ 14,817     $ 14,996     $ 22,130     $ 10,017   \n   \n (a) Free cash flow, a non-GAAP financial measure, is defined as net cash \n provided by operating activities, less capital expenditures \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261026081460/en/\n(https://www.businesswire.com/news/home/20261026081460/en/)\n\nInvestor Contact: \n\nJessica Hennessy\n\nVice President Investor Relations & Operations\n\nAgilysys, Inc.\n\n770-810-6116 or investorrelations@agilysys.com\n(mailto:investorrelations@agilysys.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbMfLFGa-20261026","title":"Agilysys Announces Record Revenue of $93.4M in Fiscal 2027 Second Quarter","author":"Business Wire","ticker":"AGYS","created":"2026-10-26T20:05:00.786Z","tickers":["AGYS"],"exchange":"NASDAQ","article_body":"Agilysys Announces Record Revenue of $93.4M in Fiscal 2027 Second Quarter\n\nInclusive of Subscription Revenue Growth of 32.6% and Quarter Adjusted EBITDA\nof 25.9%\n\nRaises Full-Year Fiscal 2027 Guidance Levels: Total Revenue Range to $374M to\n$378M and Subscription Revenue Growth to At Least 34%\n\nAgilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality\nsoftware solutions and services, today reported results for its fiscal 2027\nsecond quarter ending September 30, 2026.\n\nSummary of Fiscal 2027 Second Quarter Financial Results\n\n\n * Total net revenue increased 17.7% to a record $93.4 million compared to total\nnet revenue of $79.3 million in the comparable prior-year period.\n\n * Recurring revenue (comprising subscription and maintenance charges) was a\nrecord $62.2 million, 66.6% of total net revenue, compared to $51.0 million,\n64.3% of total net revenue for the same period in fiscal 2026. Subscription\nrevenue increased 32.6% year-over-year and was 71.2% of total recurring\nrevenue compared to 65.5% of total recurring revenue in the second quarter of\nfiscal 2026.\n\n * Gross margin was 64.6% in the fiscal 2027 second quarter compared to 61.7% in\nthe comparable prior-year period.\n\n * Net income in the fiscal 2027 second quarter was $13.2 million, $0.46 per\ndiluted share, compared to $11.7 million, $0.41 per diluted share, in the\ncomparable prior-year period.\n\n * Adjusted EBITDA (non-GAAP) was $24.1 million compared to $16.4 million in the\ncomparable prior-year period (reconciliation included in financial tables).\n\n * Adjusted diluted EPS (non-GAAP) was $0.67 per share in the fiscal 2027 second\nquarter compared to $0.40 per share in the comparable prior-year period\n(reconciliation included in financial tables).\n\n * Free cash flow (non-GAAP) in the fiscal 2027 second quarter was $14.8 million\ncompared to free cash flow of $15.0 million in the fiscal 2026 second quarter\n(reconciliation included in financial tables). Ending cash balance was $137.6\nmillion compared to ending cash balance of $116.9 million as of fiscal 2026\nyear-end.\n\nRamesh Srinivasan, President and CEO of Agilysys, commented, “Revenue was a\nrecord $93.4 million during Q2 Fiscal 2027, the 19th consecutive record\nrevenue quarter, driven by subscription growth of 32.6%.\n\nQ2 Fiscal 2027 one-time product revenue was higher than expected as the\nhospitality industry continues to increase its investments in modern point of\nsale (POS) technology solutions. The industry also continues to move forward\nin earnest to implement the modern, cloud-native ecosystem of software\nsolutions that allows them to improve operational efficiencies and deliver\ngreat guest experiences. Q2 Fiscal 2027 was yet another record sales quarter,\nthe best ever Q2 July to September sales period, keeping total backlog at\nrecord levels despite strong implementation and delivery results.\n\nThe business continues to grow ahead of our previous expectations. As a\nresult, we are once again raising full fiscal year total annual revenue\nguidance to now be in the range of $374 million to $378 million, driven among\nother things, by an increase in subscription revenue growth, now expected to\nincrease by at least 34% year over year. We expect full fiscal year Adjusted\nEBITDA to be 25% of revenue, higher than the prior expectation of 24%,”\nSrinivasan concluded.\n\nFiscal 2027 Outlook\n\nThe Company is raising full year subscription revenue growth guidance of at\nleast 32% year-over-year to at least 34% and full year fiscal 2027 total\nrevenue to be $374 million to $378 million. Adjusted EBITDA expectations are\nalso increasing to 25% of revenue for the full fiscal year.\n\nDave Wood, Chief Financial Officer, commented, “The second quarter of the\nfiscal year has continued to yield strong results. The teams are continuing to\nexecute at elevated levels across the board, driven by a sustained high level\nof sales demand and project implementation velocity. We are pleased to be in a\nposition once again to increase our full year expectations as a result of this\ncontinued momentum. The company is well positioned to continue to execute\nagainst the current forecasted plan during the second half of the fiscal\nyear.”\n\n2027 Second Quarter Conference Call and Webcast\n\nAgilysys is hosting a conference call and webcast today, October 26, 2026, at\n4:30 p.m. ET. Both the call and the webcast are open to the public. Interested\nparties can register for the call at\nhttps://register-conf.media-server.com/register/BIac8a5e2d79e747db9c282b61d3c6416b\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fregister-conf.media-server.com%2Fregister%2FBIac8a5e2d79e747db9c282b61d3c6416b&esheet=54629045&newsitemid=20261026081460&lan=en-US&anchor=https%3A%2F%2Fregister-conf.media-server.com%2Fregister%2FBIac8a5e2d79e747db9c282b61d3c6416b&index=1&md5=1e32bf8b36ddda4fceeba343336e3664)\n. After registration, an email confirmation with a personalized PIN will be\nprovided along with further access details. Please plan to register 15 minutes\nprior to the presentation to receive confirmation and further instruction in a\ntimely manner.\n\nInterested parties can also access the conference call live through the Events\nand Presentations section of the Investor Relations page of Agilysys.com.\nApproximately two hours after the call has concluded, an archived version of\nthe webcast will be available for replay at the same location.\n\nForward-Looking Language\n\nThis press release contains “forward-looking statements” within the\nmeaning of the safe harbor provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Forward-looking statements can be identified by\nwords such as: “anticipate,” “intend,” “plan,” “goal,”\n“seek,” “believe,” “project,” “outlook,” “forecast,”\n“preliminary,” “estimate,” “expect,” “strategy,” “future,”\n“likely,” “may,” “would,” “could,” “should,” “will”\nand similar references to future periods. Examples of forward-looking\nstatements include, among others, our revenue, subscription revenue and\nAdjusted EBITDA guidance for the 2027 fiscal year.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on our current beliefs,\nexpectations and assumptions regarding the future of our business, future\nplans and strategies, projections, anticipated events and trends, the economy\nand other future conditions. Because forward-looking statements relate to the\nfuture, they are subject to inherent uncertainties, risks and changes in\ncircumstances that are difficult to predict and many of which are outside of\nour control. Our actual results and financial condition may differ materially\nfrom those indicated. Therefore, you should not rely on any of these\nforward-looking statements. Important factors that could cause our actual\nresults and financial condition to differ materially from those indicated\nherein and in other filings and statements include, among others, the impact\nmacroeconomic factors may have on the overall business environment, our\nability to achieve our fiscal 2027 guidance, maintaining sales momentum, the\ncompany's ability to convert the backlog into revenue, and the Risk Factors\ndescribed in the Company’s filings with the Securities and Exchange\nCommission, including the Company’s reports on Form 10-K and Form 10-Q.\nAdditionally, references to \"record\" financial and business levels in this\ndocument refer only to the time period after Agilysys made the transformation\nto an entirely hospitality focused software solutions company in FY2014.\n\nAny forward-looking statement made by us in this press release is based only\non information currently available to us and speaks only as of the date on\nwhich it is made. We undertake no obligation to publicly update any\nforward-looking statement that may be made from time to time, whether written\nor oral, whether as a result of new information, future developments or\notherwise.\n\nUse of Non-GAAP Financial Information\n\nTo supplement the unaudited consolidated financial statements presented in\naccordance with U.S. GAAP in this press release, certain non-GAAP financial\nmeasures as defined by the SEC rules are used. These non-GAAP financial\nmeasures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic\nearnings per share, adjusted diluted earnings per share and free cash flow.\nManagement believes that such information can enhance investors’\nunderstanding of the Company’s ongoing operations.\n\nThe Company has included the following non-GAAP financial measures in this\npress release: adjusted net income, adjusted basic earnings per share and\nadjusted diluted earnings per share. The Company believes these non-GAAP\nfinancial measures provide valuable insight into the Company’s overall\nprofitability from core operations before certain non-cash and non-recurring\ncharges. The Company defines adjusted net income as net income before\namortization expense (including amortization of developed technology),\nshare-based compensation, other (gains) and charges, net, and legal\nsettlements, less the related income tax effect of these adjustments, as\napplicable, at the Company's current combined federal and state income\nstatutory tax rate and tax events as defined in the accompanying tables and\ndefines adjusted earnings per share as adjusted net income divided by basic\nand diluted weighted average shares outstanding.\n\nSee the accompanying tables below for the definitions and reconciliation of\nthese non-GAAP measures to the most closely related GAAP measures.\n\nAbout Agilysys\n\nAgilysys delivers state-of-the-art software and services built exclusively for\nhospitality, helping organizations go beyond traditional property management\n(PMS), point-of-sale (POS), and food and beverage inventory and procurement\nsystems. Its best-in-class solutions operate independently or as a unified\necosystem that connects data and workflows across an operation, property or\nenterprise. Powered by intelligent guest profiles, data-driven capabilities,\nand embedded artificial intelligence (AI), Agilysys is architected on a\nunified data model with a single set of APIs that create shared operational\nmemory across all systems, enabling guest-specific insights to be acted on in\nreal time at any touchpoint. Agilysys delivers advantage through pace and\nintegration, transforming hospitality technology from a system of record into\na system of action that accelerates innovation and the rapid delivery of new\ncapabilities. Agilysys serves a 100% hospitality customer base, including\nhotels and resorts, casinos, cruise lines, corporate and campus dining,\nhealthcare, senior living, and entertainment venues worldwide. Agilysys\noperates across the Americas, Europe, the Middle East, Africa, Asia-Pacific,\nand India with headquarters located in Alpharetta, GA. For more information\nvisit Agilysys.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FAgilysys.com&esheet=54629045&newsitemid=20261026081460&lan=en-US&anchor=Agilysys.com&index=2&md5=890f307aa4384b5cc7a5eaa2dbc417d5)\n.\n\n- Financial tables follow -\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n \nSeptember 30, \nSeptember 30, \n (In thousands, except per share data)   2026     2025       2026       2025   \n Net revenue:                         \n Subscription and maintenance   $ 62,160     $ 50,955     $ 119,902     $ 99,579   \n Professional services     19,210       18,249       38,803       36,347   \n Products     11,990       10,095       22,333       20,050   \n Total net revenue     93,360       79,299       181,038       155,976   \n Cost of goods sold:                         \n Subscription and maintenance     12,614       10,850       25,340       20,833   \n Professional services     13,267       13,445       25,928       26,645   \n Products     7,172       6,037       13,805       12,236   \n Total cost of goods sold     33,053       30,332       65,073       59,714   \n Gross profit     60,307       48,967       115,965       96,262   \n Gross profit margin     64.6 %     61.7 %     64.1 %     61.7 % \n Operating expenses:                         \n Product development     19,846       17,825       40,091       35,280   \n Sales and marketing     11,479       9,781       23,675       21,574   \n General and administrative     11,294       10,164       22,404       20,920   \n Depreciation of fixed assets     849       964       1,675       1,908   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Legal settlements, net     —       110       —       225   \n Total operating expense     45,059       34,820       90,980       77,594   \n Operating income     15,248       14,147       24,985       18,668   \n Other income (expense):                         \n Interest income     1,066       346       2,056       793   \n Interest expense     (73 )     (56 )     (142 )     (273 ) \n Other income (expense), net     501       1,274       654       1,372   \n Income before taxes     16,742       15,711       27,553       20,560   \n Income tax provision     3,565       4,001       5,384       3,960   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n                           \n Weighted average shares outstanding - basic     28,142       27,882       28,122       27,838   \n                           \n Net income per share - basic:   $ 0.47     $ 0.42     $ 0.79     $ 0.60   \n                           \n Weighted average shares outstanding - diluted     28,577       28,397       28,500       28,348   \n                           \n Net income per share - diluted:   $ 0.46     $ 0.41     $ 0.78     $ 0.59   \n\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n               \n (In thousands, except share data)   September 30,     March 31,   \n \n2026 (Unaudited) \n2026 \n ASSETS             \n Current assets:             \n Cash and cash equivalents   $ 137,558     $ 116,894   \n Accounts receivable, net of allowance for expected credit losses of $859 and     41,108       43,069   \n $1,105, respectively \n Contract assets     5,969       4,438   \n Inventories     10,445       7,529   \n Prepaid expenses and other current assets     12,417       12,201   \n Total current assets     207,497       184,131   \n Property and equipment, net     13,048       13,950   \n Operating lease right-of-use assets     12,381       13,823   \n Goodwill     132,372       133,908   \n Intangible assets, net     63,379       66,359   \n Deferred income taxes, non-current     54,787       58,069   \n Other non-current assets     12,014       11,288   \n Total assets   $ 495,478     $ 481,528   \n LIABILITIES AND SHAREHOLDERS' EQUITY             \n Current liabilities:             \n Accounts payable   $ 15,331     $ 12,445   \n Contract liabilities     69,639       83,009   \n Accrued liabilities     18,333       24,333   \n Operating lease liabilities, current     5,099       5,323   \n Total current liabilities     108,402       125,110   \n Deferred income taxes, non-current     10,189       10,144   \n Operating lease liabilities, non-current     12,120       13,721   \n Other non-current liabilities     7,034       5,762   \n Commitments and contingencies             \n Shareholders' equity:             \n Common shares, without par value, at $0.30 stated value; 80,000,000 shares     10,003       10,003   \n authorized; 33,342,288 shares issued; and 28,215,472 and 28,166,478 shares \n outstanding at September 30, 2026 and March 31, 2026, respectively \n Treasury shares, 5,126,816 and 5,175,810 at September 30, 2026 and March 31,     (1,539 )     (1,554 ) \n 2026, respectively \n Capital in excess of stated value     143,883       131,632   \n Retained earnings     221,940       199,771   \n Accumulated other comprehensive loss     (16,554 )     (13,061 ) \n Total shareholders' equity     357,733       326,791   \n Total liabilities and shareholders' equity   $ 495,478     $ 481,528   \n\n AGILYSYS, INC. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n \n \n \n(UNAUDITED) \n   \n     Six Months Ended   \n     September 30,   \n (In thousands)   2026     2025   \n               \n Operating activities             \n Net income   $ 22,169     $ 16,600   \n Adjustments to reconcile net income to net cash provided by operating             \n activities: \n Loss on asset disposals     —       2   \n Depreciation of fixed assets     1,675       1,908   \n Amortization of internal-use software and intangibles     2,848       2,890   \n Amortization of developed technology acquired     330       333   \n Deferred income taxes     3,222       3,188   \n Share-based compensation     12,281       10,029   \n Changes in operating assets and liabilities     (19,519 )     (24,083 ) \n Net cash provided by operating activities     23,006       10,867   \n Investing activities             \n Cash paid for business combination, net of cash acquired     (884 )     —   \n Capital expenditures     (876 )     (850 ) \n Net cash used in investing activities     (1,760 )     (850 ) \n Financing activities             \n Debt repayments     —       (24,000 ) \n Proceeds from Employee Stock Purchase Plan purchases     716       777   \n Repurchase of common shares to satisfy employee tax withholding     (1,197 )     (742 ) \n Net cash used in financing activities     (481 )     (23,965 ) \n Effect of exchange rate changes on cash     (101 )     243   \n Net increase (decrease) in cash and cash equivalents     20,664       (13,705 ) \n Cash and cash equivalents at beginning of period     116,894       73,041   \n Cash and cash equivalents at end of period   $ 137,558     $ 59,336   \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands)   2026     2025     2026     2025   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n Income tax provision     3,565       4,001       5,384       3,960   \n Income before taxes     16,742       15,711       27,553       20,560   \n Depreciation of fixed assets     849       964       1,675       1,908   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Amortization of developed technology acquired     164       167       330       333   \n Interest expense (income), net     (993 )     (290 )     (1,914 )     (520 ) \n EBITDA (a)     18,183       17,984       30,492       25,171   \n Share-based compensation     6,293       5,000       12,281       10,029   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Other non-operating (income) expense, net     (501 )     (1,274 )     (654 )     (1,372 ) \n Legal settlements, net     —       110       —       225   \n Adjusted EBITDA (b)   $ 24,145     $ 16,364     $ 42,406     $ 28,850   \n   \n (a) EBITDA, a non-GAAP financial measure, is defined as net income before \n income taxes, interest income (net of interest expense), depreciation and \n amortization (including amortization of developed technology) \n \n \n \n  \n \n \n \n(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as net income \n before income taxes, interest income (net of interest expense), depreciation \n and amortization (including amortization of developed technology), and \n excluding charges relating to i) share-based compensation, ii) other (gains) \n and charges, net, iii) other non-operating expense (income), and iv) legal \n settlements \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER \n SHARE \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands, except per share data)   2026     2025     2026     2025   \n Net income   $ 13,177     $ 11,710     $ 22,169     $ 16,600   \n Amortization of developed technology acquired     164       167       330       333   \n Amortization of internal-use software and intangibles     1,421       1,432       2,848       2,890   \n Share-based compensation     6,293       5,000       12,281       10,029   \n Other (gains) charges, net     170       (5,456 )     287       (5,203 ) \n Legal settlements, net     —       110       —       225   \n Tax events (a)     (213 )     75       (1,077 )     (950 ) \n Income tax adjustments     (1,901 )     (1,589 )     (3,730 )     (3,192 ) \n Adjusted net income (b)   $ 19,111     $ 11,449     $ 33,108     $ 20,732   \n                           \n Basic weighted average shares outstanding     28,142       27,882       28,122       27,838   \n Diluted weighted average shares outstanding     28,577       28,397       28,500       28,348   \n                           \n Adjusted basic earnings per share (c)   $ 0.68     $ 0.41     $ 1.18     $ 0.74   \n Adjusted diluted earnings per share (c)   $ 0.67     $ 0.40     $ 1.16     $ 0.73   \n   \n (a) Tax events include excess tax benefits or expense related to share-based \n compensation, release of valuation allowances against deferred income taxes, \n and changes in uncertain tax positions \n \n \n \n  \n \n \n \n(b) Adjusted net income, a non-GAAP financial measure, is defined as net \n income before amortization expense (including amortization of developed \n technology), share-based compensation, other (gains) and charges, net, and \n legal settlements, less the related income tax effect of these adjustments, as \n applicable, at the Company’s current combined federal and state income \n statutory tax rate and, as defined under (a) above, tax events \n \n \n \n  \n \n \n \n(c) Adjusted earnings per share, a non-GAAP financial measure, is defined as \n adjusted net income divided by basic and diluted weighted average shares \n outstanding \n\n AGILYSYS, INC. \n \n \n \nRECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW \n \n \n \n(UNAUDITED) \n   \n     Three Months Ended     Six Months Ended   \n     September 30,     September 30,   \n (In thousands)   2026     2025     2026     2025   \n Net cash provided by operating activities   $ 15,173     $ 15,213     $ 23,006     $ 10,867   \n Capital expenditures     (356 )     (217 )     (876 )     (850 ) \n Free cash flow (a)   $ 14,817     $ 14,996     $ 22,130     $ 10,017   \n   \n (a) Free cash flow, a non-GAAP financial measure, is defined as net cash \n provided by operating activities, less capital expenditures \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261026081460/en/\n(https://www.businesswire.com/news/home/20261026081460/en/)\n\nInvestor Contact: \n\nJessica Hennessy\n\nVice President Investor Relations & Operations\n\nAgilysys, Inc.\n\n770-810-6116 or investorrelations@agilysys.com\n(mailto:investorrelations@agilysys.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-26T20:05:01.288544232Z","server_sent_at_ms":1793045101288},"received_at":"2026-10-26T20:05:01.395Z","source_url":"https://www.businesswire.com/news/home/20261026081460/en/"},"analysis":{"id":"168019","press_release_id":"180164","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"earnings","narrative":"Agilysys reported record fiscal 2027 Q2 revenue of $93.4 million, up 17.7% year-over-year, marking its 19th consecutive record revenue quarter.\n\nSubscription revenue grew 32.6% and gross margin expanded to 64.6%; adjusted diluted EPS more than doubled to $0.67 from $0.40, with adjusted EBITDA of $24.1 million vs $16.4 million.\n\nManagement raised full-year FY2027 guidance to $374M-$378M in revenue with subscription growth of at least 34% and adjusted EBITDA of 25% of revenue, up from a prior 24% expectation.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Beat-and-raise quarter: record revenue, 32.6% subscription growth, and a guidance hike with EBITDA margin expansion."},"keyFigures":{"eps":0.46,"revenue":93360000,"guidance":"FY2027 revenue raised to $374M-$378M; subscription revenue growth raised to at least 34% YoY; Adjusted EBITDA expected at 25% of revenue (up from 24%)","revenueYoy":"17.7%","customDimensions":{"net_income":13177000,"cash_balance":137600000,"gross_margin":"64.6%","free_cash_flow":14817000,"adjusted_ebitda":24145000,"recurring_revenue":62200000,"adjusted_eps_diluted":0.67,"subscription_revenue_growth":"32.6%"}},"quotedText":"Revenue was a\nrecord $93.4 million during Q2 Fiscal 2027, the 19th consecutive record\nrevenue quarter, driven by subscription growth of 32.6%.","namedEntities":{"people":[{"name":"Ramesh Srinivasan","role":"President and CEO"},{"name":"Dave Wood","role":"CFO"},{"name":"Jessica Hennessy","role":"Vice President Investor Relations & Operations"}],"products":["Agilysys hospitality software (PMS, POS, inventory & procurement)"],"companies":[{"name":"Agilysys, Inc.","ticker":"AGYS"}],"dollarAmounts":[{"amount":"$93.4 million","context":"Q2 FY2027 record total net revenue"},{"amount":"$374 million to $378 million","context":"raised FY2027 full-year revenue guidance"},{"amount":"$24.1 million","context":"Q2 FY2027 adjusted EBITDA (non-GAAP)"},{"amount":"$62.2 million","context":"Q2 FY2027 record recurring revenue"},{"amount":"$137.6 million","context":"ending cash balance at September 30, 2026"}]},"materialImpact":{"score":4,"reasoning":"Record quarterly revenue of $93.4M, up 17.7% YoY, with adjusted EPS of $0.67 vs $0.40 a year ago, and management raised full-year FY2027 revenue and subscription growth guidance. Strong across-the-board results but no indication of consensus surprise magnitude."},"tickerRelevance":{"others":[],"primary":"AGYS"},"globalImportance":40,"audienceRelevance":35,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings beat with guidance raise","recordStreak":"19 consecutive record revenue quarters","sectorWeight":"vertical software / hospitality tech"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Agilysys reported record fiscal 2027 Q2 revenue of $93.4 million, up 17.7% year-over-year, marking its 19th consecutive record revenue quarter.\n\nSubscription revenue grew 32.6% and gross margin expanded to 64.6%; adjusted diluted EPS more than doubled to $0.67 from $0.40, with adjusted EBITDA of $24.1 million vs $16.4 million.\n\nManagement raised full-year FY2027 guidance to $374M-$378M in revenue with subscription growth of at least 34% and adjusted EBITDA of 25% of revenue, up from a prior 24% expectation.","key_figures":{"eps":0.46,"revenue":93360000,"guidance":"FY2027 revenue raised to $374M-$378M; subscription revenue growth raised to at least 34% YoY; Adjusted EBITDA expected at 25% of revenue (up from 24%)","revenueYoy":"17.7%","customDimensions":{"net_income":13177000,"cash_balance":137600000,"gross_margin":"64.6%","free_cash_flow":14817000,"adjusted_ebitda":24145000,"recurring_revenue":62200000,"adjusted_eps_diluted":0.67,"subscription_revenue_growth":"32.6%"}},"named_entities":{"people":[{"name":"Ramesh Srinivasan","role":"President and CEO"},{"name":"Dave Wood","role":"CFO"},{"name":"Jessica Hennessy","role":"Vice President Investor Relations & Operations"}],"products":["Agilysys hospitality software (PMS, POS, inventory & procurement)"],"companies":[{"name":"Agilysys, Inc.","ticker":"AGYS"}],"dollarAmounts":[{"amount":"$93.4 million","context":"Q2 FY2027 record total net revenue"},{"amount":"$374 million to $378 million","context":"raised FY2027 full-year revenue guidance"},{"amount":"$24.1 million","context":"Q2 FY2027 adjusted EBITDA (non-GAAP)"},{"amount":"$62.2 million","context":"Q2 FY2027 record recurring revenue"},{"amount":"$137.6 million","context":"ending cash balance at September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-26T20:05:16.004Z","global_importance":40,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings beat with guidance raise","recordStreak":"19 consecutive record revenue quarters","sectorWeight":"vertical software / hospitality tech"}},"durationMs":5222,"modelName":"glm-5.3-flashx"}}