MICROS, Charlotte Russe Join Forces - Analyst Blog
September 12 2012 - 8:00AM
Zacks
Headquartered in Columbia,
Maryland, MICROS Systems, Inc.’s (MCRS) operating
unit MICROS-Retail recently collaborated with Charlotte Russe. The
financial details of the deal have not been disclosed yet.
As per the agreement, MICROS will
be engaged in developing and installing its advanced omni-channel
solution for restoring Charlotte Russe’s entire retail procedure.
The company will be also involved in controlling Charlotte Russe’s
online retail platform through its wide array of software solutions
which include Open Commerce Platform for eCommerce solutions,
Relate for enhanced customer relationship management, Xstore needed
for point-of-sale, Locate service required for order brokering,
hosting and managed services.
Charlotte Russe would benefit
immensely from this association. It is expected to enhance
Charlotte Russe’s entire business and customer service
considerably. In addition, this collaboration will also boost
MICROS’ market share significantly and augment the satisfaction
levels of its clients through providing improved and user-friendly
enterprise solution services.
A vast range of technology
solutions seem to be in burgeoning demand for the company. These
include its point-of-sale solution (POS), OPERA Enterprise Solution
(OES), Restaurant Enterprise Series (RES) and many other advanced
platforms. Earlier in the fourth quarter of fiscal 2012, the
company reported revenues of $302.5 million, up 10.4% year over
year and 8.8% sequentially. The record revenue was due to the
company’s overall impressive performance in all its business
segments across all regions.
We are optimistic that MICROS’
long-term contract wins and partnership agreements will continue to
generate approbatory yields in the quarters ahead. However, the
company faces tough competition from NCR Corp.
(NCR), Panasonic Corporation (PC) and PAR
Technology Corporation (PAR), who are continuously
strengthening their potentials through expanding their businesses
worldwide.
The current Zacks Consensus
Estimates for the first quarter of fiscal 2013 and for fiscal 2013
are 49 cents and $2.26, respectively. The company currently retains
a Zacks #3 Rank, which translates into a short-term “Hold” rating.
However, we are maintaining a long-term “Neutral” recommendation on
the stock.
MICROS SYS (MCRS): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
(PAR): ETF Research Reports
PANASONIC CORP (PC): Free Stock Analysis Report
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