Oppenheimer Maintains Outperform on Micros Systems

Oppenheimer is out with its report today on Micros Systems MCRS, maintaining Outperform. In its report, Oppenheimer writes, "While MCRS's end-markets remain challenging, given a solid backlog (up 20% YoY to $404.8M), reasonable FY12 expectations (expects 10% revenue growth), strong recurring revenue (>50% of revenue) we expect the stock to outperform its peers over the coming quarters." At the time of posting, shares of MCRS were trading at $42.97, up 4.75% from Thursday's close.