MICROS, Aston Hotels Join Forces - Analyst Blog
June 28 2012 - 9:00AM
Zacks
Headquartered in Columbia,
Maryland, MICROS Systems, Inc. (MCRS), recently
penned a partnership agreement with Aston Hotels & Resorts,
LLC, a unit of Interval Leisure Group,
Inc. (IILG). The financial details of the deal were
not disclosed.
As per the alliance, MICROS will be
engaged in installing its OPERA Enterprise Solution across 27
locations in the Hawaiian Islands, California, and Nevada within a
period of 11 months. Additionally, the company through its wide
array of software solutions will be involved in controlling the
management system and condo ownership of about 4000 divisions of 27
hotels, condominium resorts, villas, and cottages.
This collaboration will not only
boost MICROS’ market share but also enhance the satisfaction levels
of its clients by providing them with improved and user-friendly
enterprise solution services. Aston Hotels & Resorts would also
benefit immensely from this association and also solidify a
long-lasting relationship with MICROS.
Earlier, the company reported
revenues of $278 million in the third quarter of 2012, up 9.8% from
the year ago quarter. The increase in revenue was driven by the
company’s impressive performance in the Hardware and Software
business.
We are optimistic that MICROS’
long-term contract wins and partnership agreement will continue to
generate approbatory yields in the quarters ahead. However, the
company faces tough competition from Mentor Graphics
Corp. (MENT), Concurrent Computer
Corporation (CCUR) and Orbotech Ltd.
(ORBK), who are continuously strengthening their potentials through
expanding their businesses worldwide.
The current Zacks Consensus
Estimates for the fourth quarter of 2012 and for fiscal 2012 are 54
cents and $1.99, respectively. The company currently retains a
Zacks #4 Rank, which translates into a short-term “Sell” rating.
However, we are maintaining a long-term “Neutral” recommendation on
the stock.
CONCURRENT NEW (CCUR): Free Stock Analysis Report
INTERVAL LEISUR (IILG): Free Stock Analysis Report
MICROS SYS (MCRS): Free Stock Analysis Report
MENTOR GRAPHICS (MENT): Free Stock Analysis Report
ORBOTECH LTD (ORBK): Free Stock Analysis Report
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