Agilysys, Inc. (AGYS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Agilysys, Inc. (“Agilysys” or “the Company”) (NASDAQ: AGYS). Investors who purchased Agilysys securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Agilysys has violated federal securities laws.
Investigation Details
On January 21, 2025, Agilysys issued a press release announcing third-quarter revenue that fell below both market expectations and the Company’s own guidance. Agilysys also significantly revised its full-year 2025 revenue outlook downward. During a related earnings call, Chief Executive Officer Ramesh Srinivasan admitted that management had “underestimated the sales challenges on the point-of-sale (POS) side of the equation,” adding that the year “could have been a lot better” and the Company “could have also done a lot better with the speed of hiring for the implementation services teams.” Following this news, Agilysys’s stock price fell $25.23 per share, or 20.04%, to close at $100.67 per share on January 22, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Agilysys securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]