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2008 MAY 27 -- Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative IT solutions, announced that its unaudited fiscal 2008 sales will be at the low end of previously stated guidance; however, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA" is operating income plus depreciation and amortization) as a percentage of sales is anticipated to come in below management's previous expectations issued on February 1, 2008.
Agilysys expects unaudited sales for the fiscal year ended March 31, 2008 to be approximately $781 million - a 65% increase over fiscal 2007. Previously, the company had estimated fiscal...
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