Agilisys Reports First Quarter Fiscal 2004 Results

Fourth Consecutive Quarter of Sequential Revenue Growth

ATLANTA, Sept. 30 -- Agilisys, a leading global provider of vertically oriented enterprise business solutions to select manufacturing industries, today announced financial results for the first quarter ended August 31, 2003.

Total revenue for the first quarter was $33.0 million, representing a 251% increase over the first quarter last year, and a sequential increase of 17% over the quarter ended May 31, 2003. This marks the fourth consecutive quarter of sequential revenue growth for the company.

Revenues from license fees in the first quarter were $7.2 million, up 151% over last year, and 22% of total revenues for the quarter.

First quarter Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) were $7.2 million compared to $0.8 million in the first quarter last year, an increase of 853%. Agilisys' results include continued profitability in each distinct vertical sector the company participates in, specifically, Automotive, Process Manufacturing, and Complex Manufacturing.

The quarter, which ended on August 31st, marks a period of continued growth and profitability through expanded customer relationships, new client wins and an important strategic acquisition.

  1st Quarter 2004 Highlights

  Strategic Acquisition - Future 3

June 6, 2003 - Future 3 deepened Agilisys' supply chain leadership position to the automotive industry adding over 400 product installations.

New Customers and Expanded Relationships

This quarter features several customer wins and expanded relationships across all the vertical industries Agilisys serves. These include Solae, Vitafoam, Yankee Candle, Blistex, Tony Downs, DDN, Kemira Grow How, Davigel, Cargill, Pharmacia, Findus, Sunviauto, Ideal Automotive, TRW Fastening Systems Ltd., Trico Products, Eclipz, Centrex Plastics, Qualtech a division of Magna Intier Seating, Showa Aluminum, Meyer Hosen AG, Elster Messtechnik GmbH, Creation Tapeten AG, ESF Elbe Stahlwerke Feralpi GmbH, elero GmbH, Kettnaker GmbH and PEZ International GmbH.

Successful Customer Roll-outs

During the first quarter, Agilisys successfully rolled out implementations at Molson, Coca Cola, Philip Morris, Southwire, Riceland, Cantisano Foods, Gold 'n Plump, Kerry Foods, Pharmacia, Campina, Garador in the UK.

Award Recognitions

During the quarter Agilisys was recognized in the Top 100 Software Vendors by MSI Magazine for the second year in a row. Additionally, Global Logistics and Supply Chain Strategies recognized the company in their top 100. These awards reinforce Agilisys' successful growth strategy in firmly establishing the company in the leadership position in the vertical industries they serve.

About Agilisys: (www.agilisys.com )

Agilisys is a global provider of business solutions to the manufacturing industries. What sets Agilisys apart is our focus on selected verticals, which translates directly into value and competitive advantage for our customers. The Agilisys solutions are best-in-class, industry-specific solutions that provide collaborative supply chain planning, Internet commerce, relationship management, and ERP capabilities to serve select industries including automotive, food and beverage, chemical, pharmaceutical and biotechnology, consumer packaged goods, apparel, and electronics. Agilisys provides business solutions to some of the world's best known and respected companies and brands, including Cargill, Unilever, Heinz, Heineken, Godiva, Organon, Valvoline, GlaxoSmithKline, Bristol Myers Squibb, TRW, ArvinMeritor, Meridian, Silhoutte, PEZ and Dannemann.