Micros Systems Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	178,049	58.9
Net Income	10,516	(9.2)
Rank Last Year: 64

Description:
Micros Systems designs, makes and services computers and computer software used by hotels, restaurants and entertainment venues to order meals from the kitchen, record sales, track reservations and manage operations. Most of the company's activities, including software development and final assembly of computer hardware, is done in Beltsville. Major clients include KFC (formerly Kentucky Fried Chicken), Burger King, TGIFriday's, Oriole Park at Camden Yards, Washington National Airport and the Westin and Best Western hotel chains.

Business Resume: Contact Info -- 12000 Baltimore Ave. Beltsville, Md. 20705 301-210-6000 Main Business -- Point-of-sale and property management systems Founded -- 1977 Chairperson -- Louis M. Brown Jr. President -- A.L. Giannopoulos (CEO) Employees -- 1,306 D.C.-Area Employees -- 420

Developments:
Micros Systems' stock took a sharp dive early in 1996 when the company warned of disappointing earnings because of "digestion problems" with its acquisition of Fidelio, a leading supplier of software for the hotel industry. Since then, the share price has rebounded on continued strong growth in sales and earnings, much of it driven by overseas sales and growth in its leisure and entertainment division, which targets casinos, cruise ships, airports and theme parks.

Over the past two years, the company has moved away from offering only proprietary hardware and software to a more open-system concept that allows its Oracle-based software to be run on most personal computers. And with more hotel and restaurant chains looking to outsource computer operations, Micros expects maintenance and service contracts will account for an increasing share of its revenue.