Micros Systems (MCRS) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Release Date: August 30, 2005

Contact: Peter J. Rogers, Jr.
Vice President, Investor Relations
443-285-8059
progers@micros.com

MICROS REPORTS FISCAL 2005 YEAR RESULTS: RECORD QUARTERLY AND FISCAL YEAR
REVENUE, NET INCOME AND EPS; REVENUE, NET INCOME & EPS EXCEED EXPECTATIONS

Columbia, Maryland....MICROS Systems, Inc. (Nasdaq: MCRS) a leading supplier of information systems to the hospitality and specialty retail industries, today announced the results for its fiscal 2005 fourth quarter and fiscal year ended June 30, 2005. Revenue for the quarter was $172.0 million, an increase of $29.2 million, or 20.5%, over the same period last year. Net income for the quarter was $18.1 million, an increase of $5.6 million, or 45.2%, over the year ago fourth quarter. Earnings per share, on a diluted basis, were $0.45 per share, an increase of $0.13 per share, or 40.6%, over the year ago figure of $0.32. The quarterly revenue, net income and earnings per share are Company records.

For the fiscal year ended June 30, 2005, MICROS’s revenue was $597.3 million, an increase of $109.8 million, or 22.5%, over the same period last year. Net income for the fiscal year was $53.7 million, an increase of $20.4 million, or 61.2%, over last year. Earnings per share, on a diluted basis, were $1.35, an increase of $0.48 per share, or 55.2%, over the year ago figure of $0.87. The fiscal year revenue, net income and earnings per share are Company records.

The revenue, net income and earnings per share results for the fourth quarter and fiscal year exceeded consensus expectations.

Tom Giannopoulos, MICROS’s Chairman and CEO stated: “We are extremely pleased with our performance this fiscal year. We experienced a tremendous year; one marked by many customer wins, product introductions and major milestones. We are very proud of our achievements worldwide and are well positioned with our products and look for continued growth in all segments of our business.”

MICROS’s management guidance for the fiscal 2006 first quarter ending September 30, 2005 is for revenue between $146.0 million and $149.0 million and net income between $12.0 million and $12.5 million. Guidance for the fiscal 2006 year ending June 30, 2006 is for revenue between $660.0 million and $670.0 million and net income between $64.0 million and $66.0 million.

MICROS’s stock is traded through NASDAQ under the symbol MCRS. Some of the statements contained herein not based on historic facts are forward- looking statements that involve risks and uncertainties. Some of those uncertainties are: product demand and market acceptance; adverse economic factors; impact of competitive products and pricing on margins; product development delays and technological difficulties; and aggressively controlling expenses. Other risks are indicated in the MICROS Form 10-K and other filings with the Securities and Exchange Commission. MICROS assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

MICROS SYSTEMS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)

	Fourth Quarter Ended June 30,						Twelve Months Ended June 30,
	2005			2004			2005			2004
Revenue:
Hardware	$	59,982		$	47,583		$	191,785		$	151,640
Software		31,187			24,213			106,370			82,486
Service		80,852			71,009			299,109			253,317
Total revenue		172,021			142,805			597,264			487,443
Cost of sales:
Hardware		39,130			33,345			127,349			105,507
Software		4,857			2,060			22,822			16,372
Service		40,269			33,624			145,308			116,455
Total cost of sales		84,256			69,029			295,479			238,334
Gross margin		87,765			73,776			301,785			249,109
Selling, general and administrative expenses		51,000			41,170			185,399			155,235
Research and development expenses		6,536			7,252			27,399			27,209
Depreciation and amortization		2,485			2,753			10,112			9,831
Total operating expenses		60,021			51,175			222,910			192,275
Income from operations		27,744			22,601			78,875			56,834
Non-operating income (expense), net		1,138			(869	)		2,219			704
Income before taxes, minority interests, and equity in net earnings of affiliates		28,882			21,732			81,094			57,538
Income tax provision		10,732			9,091			26,761			23,592
Income before minority interests and equity in net earnings of affiliates		18,150			12,641			54,333			33,946
Minority interests and equity in net earnings of affiliates		(82	)		(196	)		(673	)		(667	)
Net income	$	18,068		$	12,445		$	53,660		$	33,279
Net income per common share:
Basic	$	0.47		$	0.34		$	1.43		$	0.91
Diluted	$	0.45		$	0.32		$	1.35		$	0.87
Weighted-average number of shares outstanding:
Basic		38,296			36,766			37,514			36,489
Diluted		40,520			38,681			39,803			38,453

MICROS SYSTEMS, INC.
CONSOLIDATED BALANCE SHEET
(In thousands, except per share amounts)
(unaudited)

	June 30,		June 30,
	2005		2004
ASSETS
Current assets:
Cash and cash equivalents	$	153,521	$	83,451
Short term investments		0		8,000
Accounts receivable, net		131,423		101,367
Inventories, net		42,664		36,095
Deferred income taxes		10,883		9,396
Prepaid expenses and other current assets		28,934		16,242
Total current assets		367,425		254,551
Property, plant and equipment, net		21,308		19,550
Deferred income taxes, non-current		18,195		17,704
Goodwill, net		89,840		77,994
Intangible assets, net		6,696		5,476
Purchased and internally developed software costs, net		40,160		41,112
Investments		404		415
Other assets		1,997		2,785
Total assets	$	546,025	$	419,587
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Bank lines of credit	$	2,387	$	2,481
Current portion of capital lease obligations		162		139
Accounts payable		38,253		29,681
Accrued expenses and other current liabilities		75,593		58,693
Income taxes payable		3,261		1,409
Deferred income taxes		362		512
Deferred service revenue		58,021		43,019
Total current liabilities		178,039		135,934
Capital lease obligations, net of current portion		251		166
Deferred income taxes, non-current		16,105		16,371
Other non-current liabilities		1,481		1,401
Commitments and contingencies
Minority interests		2,807		2,742
Shareholders’ equity:
Common stock		483		457
Capital in excess of par		99,989		71,525
Retained earnings		239,320		185,660
Accumulated other comprehensive income		7,550		5,331
Total shareholders’ equity		347,342		262,973
Total liabilities and shareholders’ equity	$	546,025	$	419,587