Recently announced,
MICROS Systems, Inc.
(
MCRS
) was awarded a project to provide its Simphony Enterprise Solution
services at Wynn Las Vegas and Encore casino resort properties of
Wynn Resorts. The task is due for completion on March 31, 2012.
According to the contract, the company would replace its
existing MICROS 9700 Hospitality Management System (
HMS
) and Legacy Point of Sale (POS) solutions with its Simphony
Software as a Service (
SAAS
). This would cater to over 100 Wynn Revenue centers including
around 500 MICROS Workstation 5A (WS5A) service terminals.
MICROS' Simphony platform is not only technologically embedded
with more advanced features but also brings about effective
managerial facilities which ameliorate communication between
customers and property employees. Rather akin to the HMS, the
system has the advantage of consuming less training time for
adaptability and is more flexible in nature.
The company's reputation, extensive and far reaching, and
technologically superior offerings give it the edge to bring forth
profitable ventures. Not long ago, Friendly's Ice Cream, LLC
expanded its existing ties with MICROS with the intent of availing
the latter's webOrdering and iCare Customer Relationship Management
(
CRM
) solutions.
MICROS reported its second quarter financial results on January
26, 2012, which showed stability in growth across all segments -
hardware, software and service. While revenues were in line with
the Zacks Consensus Estimate of $270.4 million, margins escalated
too annually. These recent projects and partnership extensions
allow us to remain optimistically perspicacious about the company's
growth potential in the coming quarter as well.
It would, however, be wise for MICROS to keep a close watch on
its competitors which include a few progressive players.
NCR Corp.
(
NCR
) recently earned a huge contract of $1.5 billion to provide ATM
services to LegacyTexas Bank. Other big names which give stiff
competition to MICROS are
Mentor Graphics Corp.
(
MENT
) and
FARO Technologies, Inc.
(
FARO
).
We continue to maintain a Neutral recommendation on MICROS. In
the short run, we have a Zacks #4 Rank on the stock which
translates into a short-term rating of Sell.
FARO TECH INC (
FARO
): Free Stock Analysis Report
MICROS SYS (
MCRS
): Free Stock Analysis Report
MENTOR GRAPHICS (MENT): Free Stock Analysis
Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment
Research