(RTTNews) - Thursday after the bell, MICROS Systems Inc. (MCRS:
News ), a supplier of information systems to the hospitality and retail industries, reported a marginal decline in profit for the first-quarter compared to last year. However, adjusted earnings per share for the first fiscal quarter exceeded consensus expectations by two cents.
MICROS recorded first quarter net income attributable to the company of $24.77 million, compared to $24.88 million last year. Net income per share attributable to shareholder increased to $0.31 from $0.30 a year ago.
Excluding charges, net income attributable to the company was $27.27 million compared to $27.77 million in the prior year. Excluding charges, net income per share attributable to the company was $0.34, flat with prior year. On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue declined to $212.47 million from $244.069 million last year. Analysts expected revenue of $211.92 million for the quarter.
Revenue from Hardware decreased to $43.77 million from $63.69 million, Software revenue declined to $24.93 million from $37.58 million, while Service revenues increased to $143.77 million from $142.80 million last year.
MCRS closed Thursday's regular trading at $26.83 up $0.53 or 2.02% on a volume of 0.733 million shares on the Nasdaq.
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by RTT Staff Writer
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