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MICROS Systems – Extremely pleased with our record results for the quarter

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MICROS Systems, Inc. (Nasdaq:MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2012 second quarter ended December 31, 2011.

FINANCIAL HIGHLIGHTS

  • Revenue for the quarter was $270.4 million, an increase of $23.3 million, or 9.4%, versus the same period last year.
  • Revenue for the six-month period was $527.0 million, an increase of $46.4 million, or 9.7% over the same period last year.
  • GAAP net income for the quarter was $38.3 million, an increase of $6.0 million, or 18.4%, over the same period last year.
  • GAAP net income for the six-month period was $75.5 million, an increase of $11.6 million, or 18.1%, over the same period last year.
  • GAAP diluted earnings per share (EPS) for the quarter was $0.47 per share, an increase of $0.08, or 20.5%, over the same period last year.
  • GAAP diluted EPS for the six-month period was $0.92, an increase of $0.14, or 17.9%, over the same period last year.
  • Non-GAAP financial results, excluding the effect of charges for stock options, an impairment charge for auction rate securities and a charge for a lawsuit, are as follows:
    • Non-GAAP net income for the quarter was $42.1 million, an increase of $5.2 million, or 14.0%, over the year ago period.
    • Non-GAAP net income for the six-month period was $81.4 million, an increase of $11.1 million, or 15.8%, over the year ago period.
    • Non-GAAP diluted EPS for the quarter was $0.51, an increase of $0.06, or 13.3%, over the year ago period.
    • Non-GAAP diluted EPS for the six-month period was $0.99, an increase of $0.14, or 16.5%, over the year ago period.

MICROS’s revenue, net income and EPS results were Company records for a second fiscal quarter and exceeded consensus expectations.


Tom Giannopoulos, MICROS’s Chairman and CEO, stated, “We are extremely pleased with our record results for the quarter and first half of our fiscal year. We continue to execute well despite the uncertain business conditions around the world. “

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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