Agilysys Revises Fiscal 2009 Guidance

Fiscal 2009 Revenue Expected to be Approximately $810 Million to $825 Million - Adjusted EBITDA Guidance Revised to be Approximately $20 Million to $24 Million excl. restructuring charges BOCA RATON, Fla., Oct. 2 /PRNewswire-FirstCall/ -- Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative IT solutions, today announced revisions to the company's previously announced revenue and adjusted EBITDA guidance. Agilysys now expects fiscal 2009 revenue of approximately $810 million to $825 million and adjusted EBITDA of approximately $20 million to $24 million, which excludes restructuring charges of $23.8 million related to both the severance costs of its first quarter cost reductions and the write-off of goodwill and intangible assets associated with The CTS Corporations, which was acquired in May 2005. In the company's... [read full story]