MICROS Systems' CEO Discusses F3Q12 Results - Earnings Call Transcript

MICROS Systems, Inc. (MCRS)

F3Q12 Earnings Call

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

Executives

Tom Giannopoulos - Chairman, President, and Chief Executive Officer

Cynthia Russo - Executive Vice President, Chief Financial Officer

Thomas Patz - Executive Vice President, Strategic Initiatives, and General Counsel

Peter Rogers - Executive Vice President, Investor Relations and Business Development

Analysts

Mayank Tandon - Needham & Company

Dan Perlin - RBC Capital Markets

Ross MacMillan - Jefferies & Company

Gil Luria - Wedbush Securities

Keith Housum - Northcoast Research

Presentation

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Fiscal Year 2012 Third 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, April 26, 2012.

It is now my pleasure to turn the conference over to Mr. Tom Giannopoulos, Chairman and CEO at MICROS. Please go ahead sir.

Tom Giannopoulos

Thank you, Pascal, and good afternoon everyone. Thank you for being with us. As a reminder this is a conference call to review the financial results for the third quarter of our fiscal year which is the March quarter of our fiscal year 2012, which started in July and ends in June.

With me here are Cindy Russo, our CFO; Peter Rogers and Tom Patz. And we’ll begin with Peter Rogers and the disclaimer.

Peter Rogers

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

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