UPDATE: Agilysys Reports 5.8% Rise In Q4 Consolidated Sales

Agilysys Inc AGYS reported a 5.8% rise in its fiscal fourth-quarter consolidated sales on Tuesday. Agilysys' consolidated sales came in at $143.8 million, up from $135.8 million, in the final quarter of fiscal 2010. Its gross margin dropped to 25.3% of sales, versus 26.4% of sales, in year-ago quarter. AGYS' operating loss, which included the impairment charge and $0.8 million in restructuring charges, came in at $46.9 million. The net loss from continuing operations came in at $45.0 million, or $1.97 per share, versus a net loss from continuing operations of $0.5 million, or $0.02 per share, in the year-ago quarter. AGYS shares closed at $7.50 yesterday. Read more from Benzinga's Company news.