Agilysys Reports Q3 2025 EPS of $0.38, Misses Sales at $69.6M; Stock Drops 20%; Progress Software Q4 2024 EPS at $1.33

Agilysys Inc. reported its third-quarter earnings for fiscal year 2025, posting an adjusted earnings per share (EPS) of $0.38, surpassing analysts' expectations of $0.34. However, the company's sales of $69.6 million fell short of the anticipated $73.15 million. Following the earnings report, Agilysys' stock experienced a significant decline, dropping nearly 20% in pre-market trading. This decline was attributed to a lowered sales outlook and concerns over the company's financial health, despite a generally positive outlook for the hospitality software sector. In contrast, Progress Software Corporation reported its fourth-quarter earnings for fiscal year 2024, achieving an adjusted EPS of $1.33, exceeding the forecast of $1.22. Progress Software's sales reached $215 million, which also beat expectations of $211.25 million.