MICROS Systems, Inc.
) announced that the company has been selected to render technology
solution services to Boardwalk Fresh Burgers and Fries. The
contract pertains to providing MICROS' Restaurant Enterprise Series
(RES) point-of-sale system, mymicros.net cloud-based reporting
solution and its business intelligence platform to the American
fast food chain.
Boardwalk Fresh Burgers and Fries are undergoing a phase of
major expansion. The expansion will include MICROS' implementation
of its restaurant technology solutions at over 450 of the
restaurant's international locations. MICROS' advanced solutions
not only cater to obviating order time lags and errors but the
mymicros.net platform can ease out tasks of management
During the first week of this month, MICROS received two
contract awards for its advanced technology solutions. One came
from Fager's Island in Ocean City, Maryland and the other was from
Waypoint Seafood and Grill in Williamsburg, Virginia.
We believe that these confirm goodwill towards company
competency in providing state-of-the-art solutions that MICROS has
developed over time. Such major long-term relationships not only
accrue continual yields for MICROS, but also assure its position in
MICROS reported financial results for its third quarter of
fiscal 2012 on April 26, 2012. All three segments performed
brilliantly which allowed overall sales to escalate almost 10%
annually to reach around $278 million at the end of the
On May 4, 2012,
) received a five-year contract from Suncorp Bank for availability
management and software solutions for around 700 ATMs. Also, on
April 24, 2012,
) signed an agreement with Maine's Oxford Casino to deploy its
point-of-sale (POS), inventory and procurement solutions to
ameliorate operations and customer services at the casino. Hence,
MICROS should remain wary of similar advances by its competitors if
it is to retain its dominant position in the industry.
The company currently retains a Zacks #3 Rank, which translates
into a short-term Hold rating. We also maintain a long-term Neutral
recommendation on its stock.
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