Recently, MICROS Systems, Inc.’s advanced technology services have been selected by Catalina Restaurant Group (CRG) for its latest restaurant chain, Ranch House Café and Grill in California.
This association was in accordance with CRG’s new two launches at La Habra, and Walnut in California. The company through its MICROS Simphony platform will be engaged in providing various cloud-based enterprise solution services to CRG for controlling its entire restaurant management system and raising its overall productivity by reducing its costs.
MICROS will not only offer its advanced MICROS Simphony platform but will also encompass its MICROS Kitchen Display System (KDS) solutions for augmenting CRG’s total kitchen efficiency. In totality, this would ameliorate customer satisfaction levels as well as management efficacy at the restaurants.
This collaboration will not only boost MICROS’ market share but also enhance the satisfaction levels of its clients by providing them with improved and user-friendly enterprise solution services. CRG would also benefit immensely from this association through augmenting its entire restaurant management and expanding its operations significantly.
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. Also, we are maintaining a long-term “Neutral” recommendation on the stock.