This excerpt taken from the MCRS 8-K filed Jan 29, 2007.
MICROS REPORTS FISCAL 2007 SECOND QUARTER RESULTS:
Columbia, Maryland ... MICROS Systems, Inc. (Nasdaq:MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2007 second quarter ended December 31, 2006.
Tom Giannopoulos, MICROSs Chairman and CEO, stated, We are very pleased with the financial results for the quarter and the first six months of the fiscal year. We continue to exceed our financial targets and continue to win new contracts which will help drive future growth.
MICROSs guidance for its fiscal 2007 third quarter ending March 31, 2007 is for revenue between $196.0 and $199.0 million, and net income between $19.1 million and $20.2 million, or diluted EPS of $0.46 to $0.49. Guidance for net income, excluding the projected share-based payment charge for the third quarter, is between $21.5 million and $22.5 million, or non-GAAP diluted EPS of $0.52 to $0.54.
Guidance for the fiscal 2007 year ending June 30, 2007 remains the same at revenue between $778.0 million and $781.0 million; net income between $78.3 million and $80.3 million, or diluted EPS of $1.90 to $1.94; a non-GAAP net income, excluding the currently projected share-based payment charge for the fiscal year, between $86.5 million and $88.7 million, or non-GAAP diluted EPS between $2.10 and $2.14.
MICROSs 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. An example of a forward looking statement includes the statements in the paragraphs where MICROS provides guidance for its fiscal 2007 third quarter ending March 31, 2007, and its fiscal 2007 year ending June 30, 2007, and Mr. Giannopouloss quote. 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 MICROSs products and services technology patented by others; the risk that there are actual or perceived security vulnerabilities in MICROSs 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.
All information in this release is as of January 25, 2007. MICROS undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in MICROSs expectations.
For further information regarding risks and uncertainties associated with MICROSs business, please refer to the Managements Discussion and Analysis of Financial Condition and Results of Operations and Business and Investment Risks sections of MICROSs SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting MICROSs investor relations department at 443-285-8059 or at MICROSs website at http://www.micros.com.