Write-Downs Hammer Agilysys Financials in Fiscal Q4
June 8, 2009 Timothy Prickett Morgan
Application software developer and hardware reseller Agilysys is trying to steer its enterprise in the same choppy economic seas as the rest of us, and despite an uptick in sales for its key InfoGenesis product, the company still was unable to stay in the black in its fourth quarter of fiscal 2009 ended in March. For the quarter, which spanned the worst part of the economic meltdown and the consequent slamming down of IT spending, sales of hardware and software by Agilysys, which is a key peddler of Power Systems i products, fell by 27.1 percent to $118.2 million. However, |