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Agilysys fiscal Q3 loss narrows YOY

Agilysys Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 4 cents per share, compared with a loss of 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $960,000, compared with a loss of $1.7 million in the prior-year period.

The normalized profit margin climbed to negative 3.1% from negative 6.8% in the year-earlier period.

Total revenue increased 26.5% year over year to $31.3 million from $24.7 million, and total operating expenses increased 20.0% from the prior-year period to $32.8 million from $27.3 million.

Reported net income totaled a loss of $1.7 million, or a loss of 7 cents per share, compared to a loss of $2.7 million, or a loss of 12 cents per share, in the prior-year period.