Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Agilysys, Inc. (AGYS 0.87%) fell more than 10% during Friday's intraday trading, then recovered partially to close down around 5% after the hospitality industry software company released solid fiscal third-quarter 2014 results, but revised forward revenue guidance downward.

So what: Quarterly revenue fell 8% year over year to $26 million -- a result largely driven by decreased sales of lower margin remarketed products, but partially offset by 11% growth in recurring support revenue to $13 million. That translated to adjusted income of $0.01 per share, which was inline with analysts' expectations.

However, without providing specific numbers, management revised its outlook to say fiscal 2014 revenue will likely increase at a rate "slightly below the expected annual growth for the industry of 5% to 7%."

Now what: With this in mind, management explained the revision wasn't indicative of a broader problem in the business, but instead, the result of timing of revenue recognition for certain contracts. Going forward in fiscal 2015, management insisted sales should resume growing at a slightly better-than-average industry rate.

That's fair enough, but I'm still not particularly intrigued with Agiysys' prospects from a long-term investment standpoint. Until renewed growth and higher profitability resumes, I think investors have plenty of other great places to put their money to work.