MICROS Systems Rallies on Guidance Update

Shares of MICROS Systems MCRS are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 2.39%, trading at $42.00; they ended the regular session lower by 2.54%, at $41.02. MICROS Systems reported Q4 EPS of $0.58 on revenues of $274.1 million; the Street was looking for $0.49 per share on revenues of $271.8 million. Revenues increased 10.4% year over year. The company sees FY2011 EPS of $2.09 on revenues of $1.11 billion; the Street was looking for $1.84 per share on revenues of $1.01 billion. Tom Giannopoulos, MICROS's Chairman and CEO, stated, "We are very pleased with our excellent results, in which for the first time in our history we exceeded the $1 Billion annual sales milestone, and achieved record revenue, operating income, net income and EPS for both the quarter and the fiscal year. Our strong and expanding portfolio of products and services provides us with a great foundation for continued profitable growth." MICROS Systems, Inc. is a designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries. The company operates in two segments: the United States and International.