Headquartered in Columbia, Maryland, MICROS Systems, Inc.’s operating unit MICROS-Retail recently collaborated with Charlotte Russe. The financial details of the deal have not been disclosed yet.
As per the agreement, MICROS will be engaged in developing and installing its advanced omni-channel solution for restoring Charlotte Russe’s entire retail procedure. The company will be also involved in controlling Charlotte Russe’s online retail platform through its wide array of software solutions which include Open Commerce Platform for eCommerce solutions, Relate for enhanced customer relationship management, Xstore needed for point-of-sale, Locate service required for order brokering, hosting and managed services.
Charlotte Russe would benefit immensely from this association. It is expected to enhance Charlotte Russe’s entire business and customer service considerably. In addition, this collaboration will also boost MICROS’ market share significantly and augment the satisfaction levels of its clients through providing improved and user-friendly enterprise solution services.
A vast range of technology solutions seem to be in burgeoning demand for the company. These include its point-of-sale solution (POS), OPERA Enterprise Solution (OES), Restaurant Enterprise Series (RES) and many other advanced platforms. Earlier in the fourth quarter of fiscal 2012, the company reported revenues of $302.5 million, up 10.4% year over year and 8.8% sequentially. The record revenue was due to the company’s overall impressive performance in all its business segments across all regions.
We are optimistic that MICROS’ long-term contract wins and partnership agreements will continue to generate approbatory yields in the quarters ahead. However, the company faces tough competition from NCR Corp. (NCR - Analyst Report), Panasonic Corporation and PAR Technology Corporation , who are continuously strengthening their potentials through expanding their businesses worldwide.
The current Zacks Consensus Estimates for the first quarter of fiscal 2013 and for fiscal 2013 are 49 cents and $2.26, respectively. The company currently retains a Zacks #3 Rank, which translates into a short-term “Hold” rating. However, we are maintaining a long-term “Neutral” recommendation on the stock.