Brief: Agilysys Says Will Miss Jan-Mar Quarter Revenue Guidance Outlined In Last Quarterly Earnings Release

Agilysys

08/04/2020 21:59

April 8 (Reuters) - Agilysys Inc  AGYS.O :
    * AGILYSYS - "EXPECT REVENUE & PROFITABILITY LEVELS FOR Q4
2020
AND NEXT FISCAL YEAR TO BE NEGATIVELY AFFECTED BY CURRENT
SIGNIFICANT MARKET HEADWINDS"
    * AGILYSYS INC - WILL MISS JAN-MAR QUARTER (Q4 OF FY20)
REVENUE
GUIDANCE OUTLINED IN LAST QUARTERLY EARNINGS RELEASE
    * AGILYSYS INC - CEO SALARY WILL BE REDUCED TO ZERO,SALARY
REDUCTIONS WILL BE PUT IN PLACE FOR ALL SENIOR EMPLOYEES
INCLUDING BOARD,EXECUTIVE MANAGEMENT
    * AGILYSYS - ALSO REDUCING STAFFING LEVELS, BOTH ON
PERMANENT &
TEMPORARY BASIS, IN ROLES NOT ESSENTIAL TO MANAGING SHORT-TERM
IN CURRENT ENVIRONMENT
    * AGILYSYS INC - SALARY REDUCTIONS WILL BE PUT IN PLACE FOR
NEXT 6
MONTHS

Source text for Eikon:  ID:nBwtDYX3a 
Further company coverage:  AGYS.O 

 ((Reuters.Briefs@thomsonreuters.com;))