Agilysys has reported total revenues of $132.4m for the first quarter of FY 2011, an increase of 1.9% compared to $130m for the same quarter in FY 2010.
The company reported an operating loss of $6.5m for the first quarter of FY 2011, compared to $12.9m for the same period in FY 2010.
Adjusted EBITDA of the company was a loss of $3.1m for the quarter compared to a loss of $6.6m for the same quarter of 2010.
For the quarter ended June 30, 2010, the company posted net loss of $10.3m, or $0.45 per share, as compared to $12.3m, or $0.55 per share, for the same in 2010.
Martin Ellis, president and CEO of Agilysys, said: "While TSG revenue lagged expectations during the quarter, we successfully increased attach rates, bundling more software and services with hardware sales.
"The demand environment has improved which bodes well for the future and our new integrated Oracle ERP platform will, over time, contribute to improved financial reporting, internal controls and operating efficiencies, as well as enhance customer service."
The company expects to generate $10m to $15m in cash flow in fiscal 2011, and also expects to incur capital expenditures of around $10m.
