MICROS Reports Fourth Quarter and FY2001 Results
COLUMBIA, Md., Aug. 29 / MICROS Systems, Inc. MCRS, a leading supplier of information systems to the hospitality industry, today announced the results for its fiscal 2001 fourth quarter and fiscal year ended June 30, 2001. Revenue for the quarter was $90.2 million, an increase of $12.6 million, or 16.3%, over the year ago fourth quarter. Net income for the quarter was of $1.1 million, an increase of $8.8 million over the year ago loss of $7.
For the fiscal year ended June 30, 2001, MICROS's revenue was $325.4 million. The fiscal year showed a net loss of $0.7 million, or a $0.04 loss per share. Last year's revenue was $359.7 million with a net income of $16.2 million, or $0.91 earnings per share on a diluted basis.
Tom Giannopoulos, MICROS's Chairman and CEO, stated, "We are pleased with the revenue for the quarter, the fourth highest in MICROS's history, and with both sequential quarterly revenue growth and increased profitability. Our strong market position, product range and global distribution contributed to a strong quarter even under the poor market conditions worldwide."
MICROS's stock is traded through NASDAQ under the symbol MCRS. Some of the statements contained herein not based on historic facts are forward- looking statements that involve risks and uncertainties. Some of those uncertainties are: product demand and market acceptance; adverse economic factors; impact of competitive products and pricing on margins; product development delays and technological difficulties; and aggressively controlling expenses. Other risks are indicated in the MICROS Form 10-K and other filings with the Securities and Exchange Commission. MICROS assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.