MICROS Partners with Pestana Group - Analyst Blog
October 16 2012 - 2:48AM
Zacks
Recently, MICROS Systems,
Inc.’s (MCRS) MICROS OPERA solution has been chosen by
Pestana Group. This was done with the intent of installing the
company’s MICROS OPERA solution across Pestana Group’s 9 properties
in Brazil.
The company through its MICROS
OPERA and MICROS Point-of-Sale (POS) platform will be engaged in
providing various cloud-based enterprise solution services to
Pestana Group for controlling its entire business process and
raising its overall productivity. MICROS will not only offer its
advanced MICROS OPERA platform but will also encompass its MICROS
Consulting Services to execute an OPERA audit in Pestana Group’s
Central Reservations Office.
Management stated that with this
association, the company would be able to extend its long-term
collaboration with Pestana Group. This collaboration will boost
MICROS’ market share significantly and augment the satisfaction
levels of its clients through providing improved and user-friendly
enterprise solution services. At the same time, this partnership
will enhance Pestana Group’s entire business operations
considerably.
MICROS has emerged as a formidable
player in the field of hotel information systems market. The
company’s wide range of technology solutions such as point-of-sale
solution (POS), OPERA Enterprise Solution (OES), Restaurant
Enterprise Series (RES) and many other advanced platforms are being
deployed by various noteworthy hotels, resorts and restaurant
chains. Additionally, the company’s newly introduced product ranges
and best-in-class services are likely to mitigate increasing demand
in the industry and augment its revenue streams going forward.
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
To read this article on Zacks.com click here.
Zacks Investment Research
(MM) (NASDAQ:MCRS)
Historical Stock Chart
From May 2024 to Jun 2024
(MM) (NASDAQ:MCRS)
Historical Stock Chart
From Jun 2023 to Jun 2024