Technology Contract for MICROS - Analyst Blog

By Zacks Equity Research,

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Last week, MICROS Systems, Inc. ( MCRS ) 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, 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 platform can ease out tasks of management pervasively.

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 the industry.

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 quarter.   

On May 4, 2012, Diebold, Inc. ( DBD ) received a five-year contract from Suncorp Bank for availability management and software solutions for around 700 ATMs. Also, on April 24, 2012, Agilysys, Inc. ( AGYS ) 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.

AGILYSYS INC (AGYS): Free Stock Analysis Report
DIEBOLD INC (DBD): Free Stock Analysis Report
MICROS SYS (MCRS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: AGYS , DBD , MCRS , RES

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