• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Agilysys Tapped for CityCenter Project in Vegas, Reports Numbers

    June 15, 2010 Alex Woodie

    Agilysys last week announced that it is one of the vendors providing enterprise software for the massive new CityCenter complex in Las Vegas. The company also recently reported somewhat promising financial results for its fiscal fourth quarter.

    CityCenter is a massive new development project located on 76 acres along the Las Vegas Strip. The controversial $11 billion project includes six new casino hotels, condominiums, restaurants, a huge parking garage, and a fire station. While construction is not yet complete, several properties officially welcomed their first guests late last year.

    And like many of the other large Vegas properties, the CityCenter will rely on IBM Power Systems hardware and i/OS applications to keep operations running smoothly and the guests happy.

    Agilysys reports that three CityCenter properties–the ARIA Resort & Casino, Vdara Hotel & Spa, and the Crystals retail district–will be using the Stratton Warren System, an i/OS inventory and procurement solution. The three properties also selected the company’s InfoGenesis point of sale (POS) system.

    “CityCenter is one of the world’s largest and most unique destinations, and it requires software solutions that are powerful and reliable,” stated Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. “Our systems for inventory and procurement and point of sale have a proven track record at other MGM MIRAGE properties, and they have streamlined operations at CityCenter.”

    Agilysys also announced its financial results for the fourth quarter ended March 31. Revenue for the quarter came in at $135.8 million, a decrease of 13 percent compared to revenue of $155 million during last year’s fourth quarter. The company experienced a loss of $500,000, or 2 cents per diluted share, a considerable improvement from the $114 million loss the company reported last year.

    “Despite the difficult market conditions and lower sales reported throughout the fiscal year, we made significant progress in resetting cost structure and making select, but important investments in the company,” said Martin Ellis, president and CEO, during a conference call.

    The company’s hospitality and retail segments performed as expected, while Agilysys’ Technology Solutions segment fell down as the result of weaker-than-anticipated demand, Ellis says, “particularly as it related to proprietary service.”

    The announcement of the financial results sent the company’s share price on a roller coaster ride last week. Its stock, which is traded on the NASDAQ, plummeted by about 20 percent following the announcement. Later in the week, it gained about 25 percent and more than made up for the loss. The stock is still at least 33 percent below its 52 week highs reached in March and April, before guidance issued for its fourth quarter announcement caused the stock to plunge.

    RELATED STORIES

    Agilysys Restates 3Q Results; Biggest Shareholder to Get Bigger

    Vegas Casino Doesn’t Gamble with Software from Agilysys

    Write-Downs Hammer Agilysys Financials in Fiscal Q4

    Agilysys Helps Casinos Cut the Fat with SWS 8.0

    Agilysys Touts Cost Cutting Ahead of Financials

    Agilysys Eliminates a Layer of Management, Names New CEO

    Agilysys Wins Casino Contract, Cuts Revenue Forecast



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    LaserVault

    Integrate Virtual Tape to Automate Your Backups And Strengthen Your Ability To Recover From Cyber Attacks And Disasters

    With most IT departments stretched thin, finding something that can quickly free up IT time is definitely a bonus. That’s why it’s important to stop and take a look at integrating virtual tape into your backup and recovery. Virtual tape is one of those technologies where once you have it, you’ll wonder why you didn’t do it sooner. See a demo and get a $50 gift card.

    But what is it about using virtual tape that makes it so worthwhile? Why is it that so many IBM i shops are already using or considering using virtual tape for all or part of their backup and recovery systems?

    Virtual tape and virtual tape libraries offer a way to both simplify and strengthen backup and recovery operations. By incorporating virtual tape technology, automation of backups becomes possible resulting in hundreds of hours saved annually for IT departments and personnel.

    “We needed to find a replacement that would lower the maintenance cost and reduce complexity of our backup and recovery functions without a major disruption to our operations.” David Fray, Director of Enterprise Systems, ABC Financial

    LaserVault ViTL is a virtual tape and tape library solution developed specifically for use with IBM Power Systems (from AS/400 to iSeries to Power 9s). With ViTL you can:

    • Replace physical tape and tape libraries and eliminate associated delays
    • Automate backup operations, including the ability to purge or archive backups
    • Remotely manage your backups – no need to be onsite with your server
    • Save backups to a dedupe appliance and the cloud
    • Recover your data at lightspeed greatly improving your ability to recover from cyberattacks
    • And so much more

    Sign-up now to see a ViTL online demo and get a $50 Amazon e-gift card when the demo is complete as our way of saying thanks for your time. Plus when you sign-up you’ll receive a free facts comparison sheet on using virtual tape vs tape so you can compare the functionality for yourself.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    looksoftware:  Recreate your IBM i applications with re:new! Free Webinar!
    Shield Advanced Solutions:  Receiver Apply Program ~ affordable availability for the IBM i
    COMMON:  Join us at the Fall 2010 Conference & Expo, Oct. 4 - 6, in San Antonio, Texas

    IT Jungle Store Top Book Picks

    Easy Steps to Internet Programming for AS/400, iSeries, and System i: List Price, $49.95
    The iSeries Express Web Implementer's Guide: List Price, $49.95
    The System i RPG & RPG IV Tutorial and Lab Exercises: List Price, $59.95
    The System i Pocket RPG & RPG IV Guide: List Price, $69.95
    The iSeries Pocket Database Guide: List Price, $59.00
    The iSeries Pocket SQL Guide: List Price, $59.00
    The iSeries Pocket Query Guide: List Price, $49.00
    The iSeries Pocket WebFacing Primer: List Price, $39.00
    Migrating to WebSphere Express for iSeries: List Price, $49.00
    Getting Started With WebSphere Development Studio Client for iSeries: List Price, $89.00
    Getting Started with WebSphere Express for iSeries: List Price, $49.00
    Can the AS/400 Survive IBM?: List Price, $49.00
    Chip Wars: List Price, $29.95

    Apple’s iOS 4: That’s Exactly What I Was Thinking! Shield Unveils New DR Solution for i/OS

    Leave a Reply Cancel reply

Volume 10, Number 22 -- June 15, 2010
THIS ISSUE SPONSORED BY:

LANSA
Help/Systems
Patrick Townsend Security Solutions
DRV Technologies
Shield Advanced Solutions

Table of Contents

  • Shield Unveils New DR Solution for i/OS
  • Synergivity Brings i/OS Change Management to US Market
  • Centerfield Makes SQL Tuning Easier with HomeRun 7.0
  • Linoma Beefs Up MFT Offering
  • VAI Unveils New SaaS Option
  • TMW Updates i/OS-Based Trucking Software
  • Under Armour Taps Manhattan Associates for WMS
  • Agilysys Tapped for CityCenter Project in Vegas, Reports Numbers
  • RTC Touts POS Install at JDA Shop
  • Bug Busters Updates Menu and Security System

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • IBM Mulls Using DataMigrator as Cloud Warehouse Pipeline
  • PowerTech AV Automatically Detects Ransomware Activity
  • Infor Puts CM3 Project On Hold
  • Four Hundred Monitor, June 29
  • IBM i PTF Guide, Volume 24, Number 26
  • Guild Mortgage Takes The 20-Year Option For Modernization
  • IBM i Licensing, Part 3: Can The Hardware Bundle Be Cheaper Than A Smartphone?
  • Guru: The Finer Points of Exit Points
  • Big Blue Tweaks IBM i Pricing Ahead Of Subscription Model
  • We Still Want IBM i On The Impending Power E1050

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2022 IT Jungle

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.