MICROS profit rises 16 percent in fourth quarter

Columbia hospitality software firm sees bigger profit, revenues

August 23, 2012|By Gus G. Sentementes, The Baltimore Sun

MICROS Systems Inc., a Columbia-based provider of software for the hospitality industry, reported Thursday its profit in the fourth quarter rose 16 percent on higher sales revenues.

The company, which makes point-of-sale software for hotels, restaurants and retailers, said its revenues climbed more than 10 percent, or $28.4 million, to $303 million in the quarter ending June 30.

The higher revenues helped the company earn a profit of $48 million — an increase of $6.7 million, or 16 percent, over the similar period last year.

Gus.sentementes@baltsun.com

Twitter.com/gussent

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