MICROS Earns Simphony Project - Analyst Blog
March 14 2012 - 7:15AM
Zacks
Recently announced, MICROS
Systems, Inc. (MCRS) was awarded a project to provide its
Simphony Enterprise Solution services at Wynn Las Vegas and Encore
casino resort properties of Wynn Resorts. The task is due for
completion on March 31, 2012.
According to the contract, the
company would replace its existing MICROS 9700 Hospitality
Management System (HMS) and Legacy Point of Sale (POS) solutions
with its Simphony Software as a Service (SAAS). This would cater to
over 100 Wynn Revenue centers including around 500 MICROS
Workstation 5A (WS5A) service terminals.
MICROS’ Simphony platform is not
only technologically embedded with more advanced features but also
brings about effective managerial facilities which ameliorate
communication between customers and property employees. Rather akin
to the HMS, the system has the advantage of consuming less training
time for adaptability and is more flexible in nature.
The company’s reputation, extensive
and far reaching, and technologically superior offerings give it
the edge to bring forth profitable ventures. Not long ago,
Friendly’s Ice Cream, LLC expanded its existing ties with MICROS
with the intent of availing the latter’s webOrdering and iCare
Customer Relationship Management (CRM) solutions.
MICROS reported its second quarter
financial results on January 26, 2012, which showed stability in
growth across all segments – hardware, software and service. While
revenues were in line with the Zacks Consensus Estimate of $270.4
million, margins escalated too annually. These recent projects and
partnership extensions allow us to remain optimistically
perspicacious about the company’s growth potential in the coming
quarter as well.
It would, however, be wise for
MICROS to keep a close watch on its competitors which include a few
progressive players. NCR Corp. (NCR) recently
earned a huge contract of $1.5 billion to provide ATM services to
LegacyTexas Bank. Other big names which give stiff competition to
MICROS are Mentor Graphics Corp. (MENT) and
FARO Technologies, Inc. (FARO).
We continue to maintain a Neutral
recommendation on MICROS. In the short run, we have a Zacks #4 Rank
on the stock which translates into a short-term rating of Sell.
FARO TECH INC (FARO): Free Stock Analysis Report
MICROS SYS (MCRS): Free Stock Analysis Report
MENTOR GRAPHICS (MENT): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
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