Micros Systems' earnings rise by 15 percent in the second quarter

Board authorizes another buyback of shares

January 24, 2013|By Eileen Ambrose, The Baltimore Sun

Micros Systems Inc. reported Thursday it earned $44.1 million in the second quarter ended in December, about a 15 percent increase from a year earlier.

On a per share basis, the Columbia company earned 54 cents, compared with 47 cents a year earlier.

Micros, a supplier of information systems to the hospitality and retail industries, also reported revenue rose by 20 percent in the quarter to $324.5 million from a year ago.

On Tuesday, the company's board of directors approved the repurchase of 2 million shares of Micros common stock. The company said this will go into effect once Micros finishes a 2010 buyback plan for another 2 million shares.

Micros' stock closed Thursday at $45.44 per share, up 92 cents.

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