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MICROS Reports Fiscal 2012 Third Quarter Results

COLUMBIA, Md. April 26, 2012 MICROS Systems, Inc. March 31

FINANCIAL HIGHLIGHTS

  • $278.0 million $24.9 million
  • $805.0 million $71.3 million
  • $43.2 million $4.7 million
  • $118.8 million $16.2 million
  • $0.53 $0.06
  • $1.45 $0.21
    • $45.6 million $5.2 million
    • $127.0 million $16.3 million
    • $0.56 $0.07
    • $1.55 $0.21
  • MICROS’s revenue, net income and EPS results were Company records for a third fiscal quarter and exceeded consensus expectations

Tom Giannopoulos

MICROS’s stock is traded through NASDAQ under the symbol MCRS.  Some of the statements contained herein not based on historic facts are forward-looking statements that involve risks and uncertainties  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.

April 26

http://www.micros.com

Contact:

Peter J. Rogers, Jr.

Executive Vice President, Investor Relations

443-285-8059

[email protected]

 

MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited – in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

March 31,

March 31,

2012

2011

2012

2011

Revenue:

Hardware

$    63,045

$    49,901

$   168,881

$   142,008

Software

37,577

31,075

105,402

92,043

Service

177,422

172,217

530,722

499,673

Total revenue

278,044

253,193

805,005

733,724

Cost of sales:

Hardware

40,187

31,827

106,988

93,135

Software

5,838

5,288

14,991

16,034

Service

79,426

74,675

233,611

219,299

Stock option expense

58

25

143

87

Total cost of sales

125,509

111,815

355,733

328,555

Gross margin

152,535

141,378

449,272

405,169

Selling, general and administrative expenses

75,938

71,739

225,241

202,282

Research and development expenses

13,417

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