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BUSINESS
February 5, 2010
Columbia-based Micros Systems Inc. said Thursday that it overstated revenue by $6.9 million and pretax income by $4.4 million over the past five years because of fraud by a Japanese subsidiary. The company, which supplies information systems to the hospitality and retail industry, said the overstatements weren't enough to adjust previous earnings statements. Micros also said that fiscal second quarter earnings for the period ended Dec. 31 were flat at $26.1 million, or 32 cents per share.
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NEWS
September 21, 2014
Larry Hogan held a fundraiser recently featuring New Jersey Gov. Chris Christie, and there are a few things Marylanders should consider before they jump on his bandwagon ( "New Jersey Gov. Christie comes to Maryland for Hogan," Sept. 17). What Mr. Christie didn't talk about was how New Jersey just had its bond rating reduced from AA- to A+ because of its $2.4 billion budget deficit - while Maryland continues to maintain a AAA rating. He claimed the economic climate in Maryland is terrible, but he doesn't mention all the successful companies that either call Maryland home or have significant operations here employing hundreds of thousands of people.
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BUSINESS
Bloomberg News | March 12, 2013
Micros Systems Inc., a maker of software for the hospitality and retail industries, jumped its most in 18 months Tuesday after ValueAct Capital Management disclosed a stake in the company. ValueAct acquired 5.9 million shares, or a 7.5 percent stake, in Columbia-based Micros, according to a regulatory filing Tuesday. Micros Systems increased 7.6 percent to $45.87 at the close in New York for its biggest one-day gain since Aug. 26, 2011. The shares had declined 21 percent in the past year through Monday compared with a 5 percent advance for the Standard & Poor's Midcap Information Technology Index.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 28, 2014
Whenever Baltimore-area companies sell themselves to out-of-state firms, economists and local leaders alike bemoan the loss. Another headquarters gone. Fewer corporate decision-makers here. Possible job cuts. But Silicon Valley's deals for two Columbia firms - the planned Micros Systems acquisition, announced last week, and Sourcefire last year - strike local entrepreneurs in an entirely different way. They want more California tech giants doing business here, more billion-dollar-plus acquisitions.
BUSINESS
The Baltimore Sun | December 3, 2012
The former president of Dell Inc.'s IT services division has been elected CEO by the board of directors of Micros Systems Inc., a Columbia-based provider of information technology solutions for the hospitality and retail industries, the company announced Monday. Effective Jan. 2, Peter Altabef will succeed A. L. "Tom" Giannopoulos, who has served as the CEO since 1993. Giannopoulos will continue in his role as executive chairman of the company until June 30, 2014, when he will retire, the Micros Systems said.
BUSINESS
By Scott Dance, The Baltimore Sun | June 23, 2014
Silicon Valley giant Oracle Corp. plans to acquire Columbia-based Micros Systems Inc. for $5.3 billion in a deal executives and industry observers said could generate local job growth instead of the typical corporate consolidation. In the deal announced Monday, Oracle offered $68 per share for Micros, about 20 percent more than the shares traded for before rumors of the deal began circulating last week. Oracle would gain the company's stable of brand-name customers, growth opportunities and niche technology processing sales in the hotel, restaurant and retail industries.
BUSINESS
By Bloomberg Business News | December 23, 1994
WASHINGTON -- Westinghouse Electric Corp. said yesterday that it may sell its controlling stake in Micros Systems Inc., a Beltsville maker of data processors used by the hotel and restaurant industries.In a filing with the Securities and Exchange Commission, Westinghouse said it "intends to explore the possible sale of all or substantially all" of its 62 percent stake in Micros.Westinghouse, which is Micros' biggest shareholder, also said that it intends to ask Micros to register its shares under the Securities Act of 1933 "so that Westinghouse may sell its shares through an underwritten secondary public offering."
BUSINESS
November 11, 1995
Beltsville-based Micros Systems Inc., an information systems supplier for the restaurant and lodging industry, is going global.The publicly held company, which had profits of $11.6 million last year from its computerized point-of-sale systems, agreed yesterday to buy Fidelio Software GmbH for $28.8 million.Fidelio, a German company that supplies computer information systems to the hotel industry, has 3,700 customers in nearly 100 countries.Micros was listed by the Greater Baltimore Committee as one of Maryland's 40 fastest growing companies in 1994, with revenues up 125 percent, to $79.3 million.
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | March 9, 1995
Feeling the investment waters were a bit too chilly, Westinghouse Electric Corp. yesterday announced that it was taking its 62 percent share of Micros Systems Inc. off the block to wait for a warming trend."
BUSINESS
By Andrew Ratner and Andrew Ratner,SUN STAFF | January 31, 2003
Micros Systems Inc., a Columbia-based developer of technology systems for the hospitality industry, announced yesterday that it doubled net income for its most recent quarter from a year earlier. Micros reported net income of $4.9 million, or 28 cents per share, for the three months that ended Dec. 31. That compared with net income of $2.4 million, or 14 cents per share, for the comparable period a year earlier. Earnings per share also exceeded analysts' predictions of 26 cents for the fiscal second quarter, according to First Call.
BUSINESS
By Scott Dance, The Baltimore Sun | June 23, 2014
Silicon Valley giant Oracle Corp. plans to acquire Columbia-based Micros Systems Inc. for $5.3 billion in a deal executives and industry observers said could generate local job growth instead of the typical corporate consolidation. In the deal announced Monday, Oracle offered $68 per share for Micros, about 20 percent more than the shares traded for before rumors of the deal began circulating last week. Oracle would gain the company's stable of brand-name customers, growth opportunities and niche technology processing sales in the hotel, restaurant and retail industries.
BUSINESS
By Natalie Sherman, The Baltimore Sun | June 20, 2014
Micros Systems Inc. plans to close on a $59.5 million purchase of its Columbia headquarters next month, according to a filing with the Securities and Exchange Commission. The company, which supplies point-of-sale technology to the hospitality and retail industries, entered into a contract last month with the current owner, Wells REIT II. Wells REIT II is an affiliate of Columbia Property Trust, an Atlanta-based real estate investment trust that also owns the T. Rowe Price headquarters on Pratt Street in Baltimore.
BUSINESS
By Natalie Sherman, The Baltimore Sun | June 17, 2014
Stock in Columbia-based Micros Systems Inc. surged Tuesday after a report that it was about to be acquired by technology giant Oracle Corp. The company's shares shot up nearly 15 percent to close at $66.33 each in Tuesday trading after Bloomberg News reported that Oracle and Micros were in exclusive talks about the sale of the Maryland firm for more than $5 billion. The Bloomberg report cited anonymous sources "familiar with the matter," and neither company responded to requests for comment.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 25, 2013
Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter. The Columbia-based company said it also set third-quarter records for earnings per share and sales. Diluted earnings per share rose 3.8 percent to 55 cents per share, the company said. Sales grew 13.3 percent to $315.1 million for the quarter that ended March 31. "We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead," Micros CEO Peter A. Altabef said in a statement.
BUSINESS
Bloomberg News | March 12, 2013
Micros Systems Inc., a maker of software for the hospitality and retail industries, jumped its most in 18 months Tuesday after ValueAct Capital Management disclosed a stake in the company. ValueAct acquired 5.9 million shares, or a 7.5 percent stake, in Columbia-based Micros, according to a regulatory filing Tuesday. Micros Systems increased 7.6 percent to $45.87 at the close in New York for its biggest one-day gain since Aug. 26, 2011. The shares had declined 21 percent in the past year through Monday compared with a 5 percent advance for the Standard & Poor's Midcap Information Technology Index.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 24, 2013
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.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 27, 1999
Two Maryland technology companies -- Columbia-based RWD Technologies Inc. and Beltsville's Micros Systems Inc. -- have landed on Business Week's list of "Hot Growth Companies," the magazine's annual ranking of the nation's 100 fastest-growing public companies.RWD Technologies was ranked 39th and Micros 94th. Both were new to the list, which appears in Business Week's May 31 issue.For RWD founder and Chairman Robert W. Deutsch, his company's addition to the list affirms that the technology training and consulting company has implemented the right strategies for continued strong growth.
BUSINESS
The Baltimore Sun | December 3, 2012
The former president of Dell Inc.'s IT services division has been elected CEO by the board of directors of Micros Systems Inc., a Columbia-based provider of information technology solutions for the hospitality and retail industries, the company announced Monday. Effective Jan. 2, Peter Altabef will succeed A. L. "Tom" Giannopoulos, who has served as the CEO since 1993. Giannopoulos will continue in his role as executive chairman of the company until June 30, 2014, when he will retire, the Micros Systems said.
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