Revenue for the quarter was $81.1 million with a net income of $0.1 million, and breakeven on an earnings per share basis. Last year’s third quarter revenue was $92.0 million with a net income of $10.2 million, and earnings per share, on a diluted basis, of $0.56.
For the nine-month period ending March 31, 2001, MICROS’s revenue was $235.2 million with a net loss of $1.8 million, or a loss of $0.10 per diluted share. Last year’s nine-month revenue was $282.1 million with a net income of $23.9 million, or earnings per share, on a diluted basis, of $1.34.
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 a return to profitability. We are confident that our continued investments in new products, targeted acquisitions and expanding distribution have positioned MICROS well for the future. The results of these investments can be seen in the wide range of new customer wins and products announced during the quarter.
Mr. Giannopoulos added, The rigorous cost-reduction program we implemented has helped us achieve profitability during this slow-down, and will allow us to drive additional profitability in future quarters as the full benefit of this program is derived. Additionally, we look forward to this quarter as we release several important products such as Opera Front Office, the 9700 Hospitality Management System, and the Eclipse, a new point-of-sale PC based terminal.
SOURCE: COMPANY PRESS RELEASE
