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Micros Systems says third-quarter net income rose 2.4 percent

Columbia software maker sets 3rd-quarter records for net income, earnings per share, sales

By Lorraine Mirabella, The Baltimore Sun

8:04 PM EDT, April 25, 2013

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Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter.

The Columbia-based company said it also set third-quarter records for earnings per share and sales.

Diluted earnings per share rose 3.8 percent to 55 cents per share, the company said. Sales grew 13.3 percent to $315.1 million for the quarter that ended March 31.

"We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead," Micros CEO Peter A. Altabef said in a statement.

The company's stock closed Thursday down 18 cents to $43.52 per share on the NASDAQ.

Lorraine.mirabella@baltsun.com

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