Headquartered in Columbia, Maryland,
MICROS Systems, Inc.
) operating unit MICROS-Retail recently collaborated with Charlotte
Russe. The financial details of the deal have not been disclosed
As per the agreement, MICROS will be engaged in developing and
installing its advanced omni-channel solution for restoring
Charlotte Russe's entire retail procedure. The company will be also
involved in controlling Charlotte Russe's online retail platform
through its wide array of software solutions which include Open
Commerce Platform for eCommerce solutions, Relate for enhanced
customer relationship management, Xstore needed for point-of-sale,
Locate service required for order brokering, hosting and managed
Charlotte Russe would benefit immensely from this association.
It is expected to enhance Charlotte Russe's entire business and
customer service considerably. In addition, this collaboration will
also boost MICROS' market share significantly and augment the
satisfaction levels of its clients through providing improved and
user-friendly enterprise solution services.
A vast range of technology solutions seem to be in burgeoning
demand for the company. These include its point-of-sale solution
(POS), OPERA Enterprise Solution (OES), Restaurant Enterprise
Series (RES) and many other advanced platforms. Earlier in the
fourth quarter of fiscal 2012, the company reported revenues of
$302.5 million, up 10.4% year over year and 8.8% sequentially. The
record revenue was due to the company's overall impressive
performance in all its business segments across all regions.
We are optimistic that MICROS' long-term contract wins and
partnership agreements will continue to generate approbatory yields
in the quarters ahead. However, the company faces tough competition
PAR Technology Corporation
), who are continuously strengthening their potentials through
expanding their businesses worldwide.
The current Zacks Consensus Estimates for the first quarter of
fiscal 2013 and for fiscal 2013 are 49 cents and $2.26,
respectively. The company currently retains a Zacks #3 Rank, which
translates into a short-term "Hold" rating. However, we are
maintaining a long-term "Neutral" recommendation on the stock.
MICROS SYS (MCRS): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
(PAR): ETF Research Reports
PANASONIC CORP (PC): Free Stock Analysis Report
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