MICROS' Services Chosen by CRG - Analyst Blog
September 14 2012 - 9:30AM
Zacks
Recently, MICROS Systems,
Inc.’s (MCRS) advanced technology services have been
selected by Catalina Restaurant Group (CRG) for its latest
restaurant chain, Ranch House Café and Grill in California.
This association was in accordance
with CRG’s new two launches at La Habra, and Walnut in California.
The company through its MICROS Simphony platform will be engaged in
providing various cloud-based enterprise solution services to CRG
for controlling its entire restaurant management system and raising
its overall productivity by reducing its costs.
MICROS will not only offer its
advanced MICROS Simphony platform but will also encompass its
MICROS Kitchen Display System (KDS) solutions for augmenting CRG’s
total kitchen efficiency. In totality, this would ameliorate
customer satisfaction levels as well as management efficacy at the
restaurants.
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. CRG would also benefit immensely from
this association through augmenting its entire restaurant
management and expanding its operations significantly.
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.
Also, 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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