MICROS Reports Fiscal 2001 First Quarter Results - Company Meets Estimates

Tom Giannopoulos, MICROS's President and Chief Executive Officer, stated: "Our first quarter was in line with expectations. As anticipated, results were below last year's first quarter due to the continued slowdown in information technology purchases and the weakened Euro. Notwithstanding, we are pleased with our progress in signing several customer contracts in the quarter that will result in an increased revenue stream in calendar year 2001 and beyond."

MICROS's management guidance for the 2001 fiscal year remains for a revenue range between $370 million to $380 million and a net income range between $18 million to $20 million. Second fiscal quarter guidance is for revenue between $80 million and $83 million and net income between $0.4 million to $1.2 million.

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.

                             MICROS SYSTEMS, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
             (Unaudited - in thousands, except per share amounts)

                                            First Quarter Ended September 30,

                                                    2000             1999
    Revenue:
     Hardware and software                        $39,251           $53,383
     Service                                       34,758            34,044
    Total revenue                                  74,009            87,427

    Cost of sales:
     Hardware and software                         19,994            29,445
     Service                                       18,150            16,674
    Total cost of sales                            38,144            46,119

    Gross margin                                   35,865            41,308

    Selling, general and administrative expenses   29,927            24,869
    Research and development expenses               4,133             3,774
    Depreciation and amortization                   3,315             2,656
    Total operating expenses                       37,375            31,299

    Income (loss) from operations                  (1,510)           10,009

    Non-operating expense, net                        (22)            (972)

    Income (loss) before taxes,
     minority interest, and equity in net
     earnings of affiliates                        (1,532)            9,037

    Income taxes                                     (621)            3,656

    Income (loss) before minority
     interest and equity in net earnings
     of affiliates                                   (911)            5,381

    Minority interest and equity in
     net earnings of affiliates                        (8)            (243)

    Net income (loss)                               ($919)           $5,138

    Net income (loss) per common share:
     Basic                                         ($0.05)            $0.32
     Diluted                                       ($0.05)            $0.30

    Weighted-average number of shares
     outstanding:
     Basic                                         17,344            16,290
     Diluted                                       17,344            17,373