Excluding the impact of after-tax expenses related to the acquisition of Hospitality Solutions International (HSI), company headcount reduction costs, and negative currency translation, net income for the quarter was $0.3 million. Last year’s second quarter revenue was $102.7 million with a net income of $8.6 million, and earnings per share, on a diluted basis, of $0.48.
For the six-month period ending December 31, 2000, MICROS’s revenue was $154.1 million with a net loss of $1.9 million, or a loss of $0.11 per diluted share. Last year’s six month revenue was $190.2 million with a net income of $13.7 million, or earnings per share, on a diluted basis, of $0.78.
Tom Giannopoulos, MICROS’s President and Chief Executive Officer stated: We are pleased with the progress we made in the quarter with sequential quarterly revenue growth and positive operating profit. While we anticipate that the current slow-down in information technology purchases will continue through calendar year 2001, we continue to strengthen the company’s position through major contract signings and reduced operating costs.
MICROS’s management guidance for the third fiscal quarter is for revenue between $87 million and $89 million and net income between $1.2 million to $1.5 million.
SOURCE: COMPANY PRESS RELEASE
