Recently, MICROS Systems, Inc.’s MICROS OPERA solution has been chosen by Pestana Group. This was done with the intent of installing the company’s MICROS OPERA solution across Pestana Group’s 9 properties in Brazil.
The company through its MICROS OPERA and MICROS Point-of-Sale (POS) platform will be engaged in providing various cloud-based enterprise solution services to Pestana Group for controlling its entire business process and raising its overall productivity. MICROS will not only offer its advanced MICROS OPERA platform but will also encompass its MICROS Consulting Services to execute an OPERA audit in Pestana Group’s Central Reservations Office.
Management stated that with this association, the company would be able to extend its long-term collaboration with Pestana Group. This collaboration will boost MICROS’ market share significantly and augment the satisfaction levels of its clients through providing improved and user-friendly enterprise solution services. At the same time, this partnership will enhance Pestana Group’s entire business operations considerably.
MICROS has emerged as a formidable player in the field of hotel information systems market. The company’s wide range of technology solutions such as point-of-sale solution (POS), OPERA Enterprise Solution (OES), Restaurant Enterprise Series (RES) and many other advanced platforms are being deployed by various noteworthy hotels, resorts and restaurant chains. Additionally, the company’s newly introduced product ranges and best-in-class services are likely to mitigate increasing demand in the industry and augment its revenue streams going forward.
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.