MICROS Reports Fiscal 2010 First Quarter Results
MICROS Reports Fiscal 2010 First Quarter Results
REVENUE, NET INCOME AND EPS EXCEED EXPECTATIONS
COLUMBIA, Md., Oct. 29 - MICROS Systems, Inc. (NASDAQ:MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2010 first quarter ended September 30, 2009.
FINANCIAL HIGHLIGHTS
— Revenue for the quarter was $212.5 million.
— GAAP net income for the quarter was $24.8 million.
— GAAP diluted EPS for the quarter was $0.31 per share.
— Non-GAAP financial results, excluding the effect of charges for stock
options and impairment on auction rate securities, are as follows:
— Non-GAAP net income for the quarter was $27.3 million.
— Non-GAAP diluted EPS for the quarter was $0.34 per share.
The financial results for the first fiscal quarter exceeded consensus expectations.
Tom Giannopoulos, MICROS’s Chairman and CEO, stated: “We are pleased with our excellent financial results despite the continuing weak business conditions. The results are truly a credit to our clients and employees worldwide.”
MICROS’s stock is traded through NASDAQ under the symbol MCRS. MICROS is subject to, among others, the following uncertainties and risks: product demand and market acceptance; impact of competitive products and pricing on margins; product development delays and technological difficulties; controlling expenses as MICROS continues to expand; the ability to obtain on acceptable terms the right to incorporate in MICROS’s products and services technology patented by others; the risk that there are actual or perceived security vulnerabilities in MICROS’s products; adverse results in legal disputes resulting in liabilities that exceed reserves; unanticipated tax liabilities; the effects of terrorist activity and armed conflict; the effects of major environmental disasters; weakening in general economic conditions that adversely affect demand for computer hardware or software; and currency fluctuations.
All information in this release is as of October 29, 2009. MICROS undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in MICROS’s expectations. For further information regarding risks and uncertainties associated with MICROS’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business and Investment Risks” sections of MICROS’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting MICROS’s investor relations department at 443-285-8059 or at MICROS’s website at http://www.micros.com/.
Source: MICROS Systems, Inc.
CONTACT: Peter J. Rogers, Jr., Executive Vice President, Investor
Relations of MICROS Systems, Inc., +1-443-285-8059, .(JavaScript must be enabled to view this email address)
Web Site: http://www.micros.com/
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