MICROS to Power iPad Mini - Analyst Blog
November 13 2012 - 5:50AM
Zacks
Recently, MICROS Systems,
Inc.’s (MCRS) MICROS OPERA and MICROS Simphony Enterprise
Solutions have been selected by Apple Inc. (AAPL).
As per the association, the company will be engaged in controlling
and supporting Apple’s latest Apple iPad Mini through its advanced
services.
The addition of MICROS OPERA and
MICROS Simphony platform to the Apple iPad Mini will be highly
beneficial for the hospitality and retail industry. Now, through
using iPad Mini, the clients in the hospitality industry would
easily deploy the company’s solutions and enhance their services.
We believe that the great reputation of Apple would seamlessly
promote the goodwill and also augment market share for
MICROS.
The company 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.
Recently, in the first quarter of
fiscal 2013, the company reported revenues of $299.9 million, up
16.9% year over year but down 0.9% sequentially. The annual rise in
the revenue was driven by the company’s organic growth as well as
its recent acquisition of Torex Retail.
Various strategic contract wins
hold future pledge for MICROS. The company confirmed winning a
bunch of contracts from Carino’s Italian, Moran & Bewley’s
Hotel Group, Delaware North Companies, Delta Hotels and Resorts,
Aston Hotels & Resorts, LLC, Rex Restaurant Associates,
Delaware North Companies and many more during fiscal 2012. We
believe that these agreements are likely to heighten the company’s
market share in future.
However, the company faces the risk
of strong competition from various big and small industry players,
which would affect MICROS’ profitability moving ahead. The company
faces competition from NCR Corp. (NCR) and
PAR Technology Corporation (PAR). NCR reported
revenues of $1.44 billion in the third quarter of 2012, up 5.5%
from $1.36 billion in the year-ago quarter. Total revenue was
positively impacted by the year-on-year increase in Financial
Services, Hospitality and Emerging Industries revenue. Hence, the
company has to innovate new products, reduce its production costs
and raise its financial base to compete in the industry.
The current Zacks Consensus
Estimates for the second quarter of fiscal 2013 and for fiscal 2013
are 53 cents and $2.24, 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.
APPLE INC (AAPL): Free Stock Analysis Report
MICROS SYS (MCRS): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
(PAR): ETF Research Reports
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