MICROS Systems Q3 Profit Rises; Lifts 2014 Guidance - Quick Facts

(RTTNews) - MICROS Systems, Inc. (MCRS) reported that its third-quarter net Income attributable to company increased to $50.29 million or $0.66 per share, from $44.26 million or $0.55 per share, last year. Non-GAAP net income attributable to MICROS was $54.96 million or $0.72 per share, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $348.97 million from $315.10 million. Analysts expected revenue of $331.15 million for the quarter. MICROS's financial guidance for fiscal 2014 is for revenue between $1.360 billion and $1.385 billion and non-GAAP earnings per share from $2.53 to $2.57. The guidance reflects an increase in the ranges provided in January 2014. The prior revenue guidance for fiscal 2014 was between $1.320 billion and $1.345 billion, and prior non-GAAP earnings per share guidance was between $2.46 and $2.51.

Analysts expect the company to report fiscal 2014 profit per share of $2.48 on revenue of $1.34 billion.