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MICROS' CEO Discusses F2Q2012 Results - Earnings Call Transcript

MICROS Systems, Inc. (MCRS)

F2Q2012 Earnings Call

January 26, 2012, 4:45 p.m. ET

Executives

Tom Giannopoulous – Chairman, CEO

Cynthia A. Russo – EVP, CFO

Tom Patz

Peter J. Rodgers, Jr. – EVP, IR

Analysts

Mayank Tandon – Needham & Co.

Dan Perlin – RBC Capital Markets

Terry Tillman – Raymond James

Ross Macmillan – Jefferies & Co.

Vincent Colicchio - Noble Financial

Jonathan Gin – Wedbush Securities

Keith (Husam) – Northeast

Bhavan Suri – William Blair & Co.

(Frank Colombo) – [Inaudible]

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the fiscal year 2012 second 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, January 26, 2012. I would now like to turn the conference over to Mr. Tom Giannopoulos, CEO of [inaudible]. Please go ahead sir.

Tom Giannopoulos

Thank you, George, and good afternoon, everyone. Thank you for being with us this afternoon. As a reminder, this is the conference call to review the financial results for our quarter two, the December quarter of our fiscal year 2012, which is – which started in July 1st. Here with me are as always are Cindy Russo, our CFO; Tom Patz; and Peter Rogers, and we’ll commence 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 the uncertain for product demand and market acceptance, the impact of competitive products and pricing on margins, the ability to obtain on acceptable terms the rights to incorporate in MICROS's products and services, technology patented by others, environmental and health-related events, unanticipated tax liabilities and the effects of terrorist activity and armed conflict.

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