MICROS Systems' CEO Discusses Q4 Results - Earnings Call Transcript
MICROS Systems, Inc. (MCRS)
Q4 2012 Earnings Call
August 23, 2012 04:45 pm ET
Tom Giannopoulos - Chairman, President, and Chief Executive Officer
Peter Rogers - Executive Vice President, Investor Relations and Business Development
Cindy Russo - Executive Vice President, Chief Financial Officer
Tom Patz - Executive Vice President, Strategic Initiatives, and General Counsel
Gil Luria - Wedbush Securities
Ross MacMillan - Jefferies
Dan Coholan - RBC Capital Markets
Eric Lemus - Raymond James
Keith Housum - Northcoast Research
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I would now like to turn the conference over to Tom Giannopoulos, Chairman and CEO. Please go ahead, sir.
Thank you, Kevin, and good afternoon, everyone. Thank you again for attending today's conference call. Again, to remind everyone, this is the fourth quarter of our fiscal year 2012 conference call that ended in June.
As you know our fiscal year is July 1 st through June 30 th. With me as always are, Cindy Russo, who is our CFO, Tom Patz, who is the Legal Council and Business Development EVP, and Peter Rogers and we will commence with Peter and the disclaimer. Peter?
Thank you, Tom. Good afternoon, ladies and gentlemen. Some of the comments today are forward-looking statements that involve risks and uncertainties such as uncertainties of product demand and market acceptance, the impact of competitive products and pricing on margins, ability to obtain on acceptable terms the right to incorporate in MICROS's products and services, technology patented by others, environmental and health related events, unanticipated tax liabilities and the effects of terrorist activity and armed conflict. MICROS undertake no duty to update any forward-looking statements to conform to actual results or changes in MICROS' expectations.
Other risks and uncertainties associated with MICROS business are identified in the management's discussion analysis of financial condition, results of operations and business for investment risk sections of MICROS's SEC filings. Tom?
Thanks, Peter. Our financial results for the quarter and the fiscal year were outstanding under any circumstances, but especially when you consider the global events and turmoil of the past 12 months.
Specifically in looking at the numbers from the press release this afternoon, revenue for the quarter grew from $274 million to $302 million, plus 10%, 10% plus 0.36%, which is consistent with our goal of upper single-digit revenue growth, while increasing profitability. This is what we have said, we want to do these during these difficult business times.