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TheStreet Open House

MICROS Systems CEO Discusses F1Q12 Results - Earnings Call Transcript

MICROS Systems, Inc. ( MCRS)

F1Q12 (Qtr End 09/30/2011) Conference Call

October 27, 2011 04:45 pm ET

Executives

Tom Giannopoulos - CEO

Cindy Russo - CFO

Tom Patz - EVP

Peter Rogers - EVP, IR

Analysts

Rahul Bhangore - Bhavan Blair

Al Weinfeld - Davis Securities

Liam Burke - Janney Capital Markets

Dan Perlin - RBC Capital Markets

Fatima Boolani - Jefferies

Eric Lemus - Raymond James

Arvind Rajamohan – Oppenheimer

Vincent Colicchio - Noble Financial

Dan Perlin - RBC Capital Markets

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the fiscal year 2012 first quarter conference call. During the presentation, all participants will be in a listen-only mode. Afterwards we will conduct a question-and-answer session.

(Operator Instructions) As a reminder, this conference is being recorded, Thursday, October 27, 2011. I would now like to turn the conference over to Tom Giannopoulos, Chief Executive Officer.

Tom Giannopoulos

Thank you, Alan, and good afternoon, everyone. Thank you for being with us. As a reminder, again, this is the conference call to review the financial results for our first quarter. This is the September quarter of fiscal year 2012. And that fiscal year started July 1st. Here with me as always are Cindy Russo, our CFO; Tom Patz; Peter Rogers, and we will begin with Peter and the disclaimer.

Peter Rogers

Thank you, Tom. Good afternoon, ladies and gentlemen. Some of the comments today are forward-looking statements involve risks and uncertainties such as uncertainty for product demand and market acceptance, the impact of competitive products and pricing on margins, the ability to obtain on acceptable terms the right to incorporate in MICROS's products and services, technology patented by others, environmental and health-related issues, unanticipated tax liabilities and the effects of terrorist activity and armed conflict.

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