Agilysys Inc. amends downward its third-quarter, nine-month results
1:14 pm, February 8, 2010
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Agilysys Inc. (Nasdaq: AGYS) has amended downward the unaudited financial results that it announced just last week for its fiscal third quarter and nine months that ended Dec. 31.
The provider of computer hardware and software said its revenues, gross profit and operating income were revised lower for both periods by $1.4 million due to what it described as “remarketed services” in its Technology Solutions Group.
Revenue was adjusted to $219 million from $220.4 million for the third quarter and to $504.6 million from $506.0 million for the nine-month period. Operating income was adjusted to $8.5 million from $9.9 million for the quarter and to break-even from $1.4 million for the nine months.
Agilysys said net income from continuing operations was adjusted by $1.3 million to $13.6 million from $14.9 million for the third quarter and to $4 million from $5.3 million for the nine-month period. Diluted earnings per share for the quarter were 59 cents and 18 cents for the nine months.
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