This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MICROS Systems' CEO Discusses F3Q12 Results - Earnings Call Transcript

MICROS undertakes no duty to update any forward-looking statements to conform to actual results or changes in MICROS' expectations. Other risks and uncertainties associated with MICROS' business are identified in the management's discussion and analysis of financial condition results of operations and business and investment risk sections of MICROS' SEC filings. Tom?

Tom Giannopoulos

Okay. Peter, thank you. Looking at the financial results from the press release for the quarter and nine months year-to-date as far as revenue was concerned, we came in at for the quarter at $278.044 million versus last year’s $253.193 million. That’s a year-to-year growth of 9.82%. You can add some there $3.8 million, the result of negative impact of the exchange ratios. And then some couple of $1 million of license revenue that was converted to SaaS, then we could have had an increase quarter-to-quarter of about 12%.

From our point of view it’s an excellent performance, even though the economic conditions have not really improved. Year-to-date revenue increased to $805.005 million versus $733 million last year. That’s a 9.71% growth and if you adjust for the foreign exchange you would have been of to 10%. Gross margin for the quarter is $152.593 million, or 54.88. For the nine months gross margin came in at 55.83% for fiscal year 2012 versus 55.23% which was probably the fiscal year 2011 for the nine months. A slight improvement over last year.

Operating income for the nine months has improved to $176 million which is 21.87% from $154 million, 21.5%. An improvement on the operating income percentage and dollars as well. Still on a non-GAAP basis, and year-to-year and to first nine months, net income and EPS improved. Net income improved from $110 million to $126 million, that’s 14.75%. And EPS improved from $1.34 to $1.55 which is a plus 15 point, 6%-7%.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs