Micros Systems Fiscal 4Q Profit Increased 23 Percent

Published:2011/8/25 22:08:00 Author:Amy From:SeekIC

Micros Systems Inc. (NASDAQ: MCRS), a worldwide developer of enterprise applications and complete information management solutions, announced that its fiscal profit increased nearly 23 percent as revenue in all three of its business segments climbed.

The Columbia, Md., based company, declared the net income of $41.5 million, or 50 cents per share, compared with $33.9 million, or 42 cents per share, last year.

The results included an impairment charge of $4.2 million with regard to investments in auction rate securities.

The company said it earned $47.4 million excluding impairment charge and other one-time charges, or 58 cents per share, in this year’s fiscal fourth quarter.

Revenue rose 10 percent to $274.1 million caused by service revenue, which rose 12 percent. Hardware sales rose 9.5 percent and software was up 2.9 percent.

After the earnings report was announced, Micros Systems shares climbed $1.73, or 4.2 percent, to $42.75 in extended trading.

For the year, the company posted net income of $144.1 million, or $1.74 per share. That was up from $114.4 million, or $1.41 per share, a year ago. Excluding one-time charges, results were $1.92 per share, up from $1.57 per share a year ago. Revenue climbed to $1.01 billion from $914.3 million.

The company expects its fiscal 2012 revenue to go up to $1.11 billion and net income of $2.09.

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