MICROS Systems

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MICROS Systems, Inc.

Type	Public NASDAQ: MCRS
Founded	1977, incorporated 1978
Headquarters	Columbia, Maryland, USA
Key people	Tom Giannopoulos, Chairman & CEO
Industry	Hospitality Support, Computer hardware
Products	See Product listing below
Revenue	$679.0 M USD (2006)
Employees	~3250 (2005)
Slogan	Powering the Hospitality and Retail Industries
Website	www.micros.com

MICROS Systems, Inc., in operation since 1977, is headquartered in Columbia, Maryland, USA. The company manufactures and sells computer hardware, software, and services for the restaurant point of sale, hospitality, specialty retail markets and other similar markets.

MICROS Systems' software and hardware is used in the restaurant industry and primarily includes touchscreen computers for the serving staff to place orders, which are then sent to kitchen and bar printers for preparation. The back-office and enterprise software allow different types of reports, such as total sales and total menu items sold, to be produced. MICROS provides different products for different restaurant sizes and styles, including products for single-entity restaurants, major chain restaurants (with centralized reporting) and multiple-restaurant properties, including casinos, stadiums and cruise ships. MICROS products have the ability to interface to other systems such as inventory control systems and hotel systems. MICROS-Fidelio, a division/part of MICROS, offers several products for hotel systems and is often installed at the same site as MICROS point of sale systems for interface integration.

1 Current business activities
2 History
- 2.1 Early years
- 2.2 Recent history
3 POS Product Listing
- 3.1 9700 HMS
- 3.2 RES 4.0
4 Subsidiaries
5 References
6 External Links

[edit] Current business activities

MICROS Systems uses several distribution channels including different regions, districts, and dealers. The CBORD Group, Inc., headquartered in Ithaca, NY is ranked among the top distributors of MICROS Systems products.^[1]

[edit] History

[edit] Early years

The company was incorporated in 1977 as Picos Manufacturing, Inc. and changed its name to MICROS Systems, Inc. in 1978. MICROS Systems, Inc. is headquartered in Columbia, Maryland. The term MICROS is an acronym for Modular Integrated Cash Register Operating Systems.

[edit] Recent history

For the 2006 fiscal year, revenue was $679.0 million, with net income on a non-GAAP basis growing 32% to $70.6 million or $1.74 per diluted share, compared to previous fiscal year revenue of $597.3 million with net income of $53.7 million, or $1.35 per diluted share. MICROS increased its cash and cash equivalents by 55% to $237.2 million and we continue to look for the right investment opportunities that will add to our future growth.

[edit] POS Product Listing

Micros 3700 RES

[edit] 9700 HMS

The MICROS 9700 HMS point-of-sale system is used in the entertainment marketplace, including casinos, stadiums, hotels and cruise ships. The 9700 HMS is platform- and database-independent. It can be installed on Multiple Windows platforms and can have the database run on MS-SQL or Oracle, including Oracle on Linux. 9700 HMS is installed at sites ranging from small, specialized operations to large enterprise configurations spanning multiple properties in large geographic areas.

[edit] RES 4.0

MICROS RES 4.0 offers point-of-sale with tools for the back-office, restaurant operations, and guest services. RES 4.0 offers enterprise management for owners of multiple restaurant locations. RES 4.0 provides end-to-end communications throughout operation to increase efficiency and speed service.

OPERA is now installed in many luxury chains such as Fairmont Hotels and Resorts and Four Seasons Hotels. Its largest client is the Intercontinental Hotel Group (IHG) and numbers in the thousands. IHG is comprised of well-known brands such as Holiday Inn, Crowne Plaza and InterContinental hotels.