SAN DIEGO, April 17, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Agilysys, Inc. ( AGYS) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors.
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For more information, contact Jim Baker at [email protected] or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? On January 21, 2025, after the market closed, Agilysys issued a press release announcing third quarter revenue that fell below both market expectations and the company’s own guidance. The company also significantly revised its full-year FY25 revenue outlook downward. During the earnings call, CEO 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 they “could have also done a lot better with the speed of hiring for the implementation services teams.” Following these disclosures, investors suffered significant losses as Agilysys shares dropped sharply.
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Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]
