Oct. 29, 2009 (PR Newswire) -- COLUMBIA, Md., Oct. 29 /PRNewswire-FirstCall/ -- MICROS Systems, Inc. (Nasdaq: MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2010 first quarter ended September 30, 2009.

FINANCIAL HIGHLIGHTS

--  Revenue for the quarter was $212.5 million.
--  GAAP net income for the quarter was $24.8 million.
--  GAAP diluted EPS for the quarter was $0.31 per share.
--  Non-GAAP financial results, excluding the effect of charges for stock
options and impairment on auction rate securities, are as follows:
--  Non-GAAP net income for the quarter was $27.3 million.

--  Non-GAAP diluted EPS for the quarter was $0.34 per share.

The financial results for the first fiscal quarter exceeded consensus expectations.

Tom Giannopoulos, MICROS's Chairman and CEO, stated: "We are pleased with our excellent financial results despite the continuing weak business conditions. The results are truly a credit to our clients and employees worldwide."

MICROS's stock is traded through NASDAQ under the symbol MCRS. MICROS is subject to, among others, the following uncertainties and risks: product demand and market acceptance; impact of competitive products and pricing on margins; product development delays and technological difficulties; controlling expenses as MICROS continues to expand; the ability to obtain on acceptable terms the right to incorporate in MICROS's products and services technology patented by others; the risk that there are actual or perceived security vulnerabilities in MICROS's products; adverse results in legal disputes resulting in liabilities that exceed reserves; unanticipated tax liabilities; the effects of terrorist activity and armed conflict; the effects of major environmental disasters; weakening in general economic conditions that adversely affect demand for computer hardware or software; and currency fluctuations.

All information in this release is as of October 29, 2009. MICROS undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in MICROS's expectations.