Micros Reports Fiscal 2001 Second Quarter Results

For the six-month period ending December 31, 2000, MICROS's revenue was $154.1 million with a net loss of $1.9 million, or a loss of $0.11 per diluted share. Last year's six month revenue was $190.2 million with a net income of $13.7 million, or earnings per share, on a diluted basis, of $0.78.

Tom Giannopoulos, MICROS's President and Chief Executive Officer stated: "We are pleased with the progress we made in the quarter with sequential quarterly revenue growth and positive operating profit. While we anticipate that the current slow-down in information technology purchases will continue through calendar year 2001, we continue to strengthen the company's position through major contract signings and reduced operating costs."

MICROS's management guidance for the third fiscal quarter is for revenue between $87 million and $89 million and net income between $1.2 million to $1.5 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)


                               Second Quarter               Six Months
                               Ended December 31,        Ended December 31,
                              2000          1999         2000          1999
    Revenue:
      Hardware and
       software            $42,803       $63,796      $82,054      $117,179
      Service               37,294        38,953       72,052        72,997
    Total revenue           80,097       102,749      154,106       190,176

    Cost of sales:
      Hardware and
       software             20,758        34,456       40,752        63,901
      Service               19,004        18,789       37,154        35,463
    Total cost of sales     39,762        53,245       77,906        99,364

    Gross margin            40,335        49,504       76,200        90,812

    Selling, general and
     administrative
     expenses               32,040        27,305       61,967        52,174
    Research and
     development
     expenses                4,793         4,411        8,926         8,185
    Depreciation and
     amortization            3,441         3,039        6,756         5,695
    Total operating
     expenses               40,274        34,755       77,649        66,054

    Income (loss) from
     operations                 61        14,749       (1,449)       24,758

    Non-operating income
     (expense), net         (1,406)          188       (1,428)         (784)

    Income (loss) before
     taxes, minority
     interest, equity
     in net earnings
     of affiliates          (1,345)       14,937       (2,877)       23,974

    Income tax provision
     (benefit)                (544)        6,050       (1,165)        9,706

    Income (loss) before
     minority interest and
     equity in net earnings
     of affiliates            (801)        8,887       (1,712)       14,268
    Minority interest and
     equity in net earnings
     of affiliates            (163)         (317)        (171)         (560)
    Net income (loss)        ($964)       $8,570      ($1,883)      $13,708

    Net income (loss)
     per common share:
      Basic                 ($0.06)        $0.52       ($0.11)        $0.84
      Diluted               ($0.06)        $0.48       ($0.11)        $0.78

    Weighted-average number
     of shares outstanding:
      Basic                 17,350        16,535       17,347        16,412
      Diluted               17,350        17,912       17,347        17,642