Burley Oak founder reflects on five years of craft beer and helping make Berlin cool
Business

Micros Systems' earnings rise by 15 percent in the second quarter

Micros Systems Inc. reported Thursday it earned $44.1 million in the second quarter ended in December, about a 15 percent increase from a year earlier.

On a per share basis, the Columbia company earned 54 cents, compared with 47 cents a year earlier.

Micros, a supplier of information systems to the hospitality and retail industries, also reported revenue rose by 20 percent in the quarter to $324.5 million from a year ago.

On Tuesday, the company's board of directors approved the repurchase of 2 million shares of Micros common stock. The company said this will go into effect once Micros finishes a 2010 buyback plan for another 2 million shares.

Micros' stock closed Thursday at $45.44 per share, up 92 cents.

Copyright © 2016, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad
77°