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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1834
MARCH 26, 1996 (MARCH 22, 1996)
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
MICROS SYSTEMS, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MARYLAND 0-99993 52-1101488
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(STATE OR OTHER JURIS- (COMMISSION FILE (IRS EMPLOYER
DICTION OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
12000 BALTIMORE AVENUE
BELTSVILLE, MARYLAND 20705-1291
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (301) 210-6000
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TOTAL NUMBER OF PAGES OF THIS REPORT: 4
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Item 5. OTHER EVENTS.
See the following press release, dated March 22, 1996, announcing that
MICROS Systems, Inc. anticipates significantly lower earnings for the quarter
ending March 31, 1996 compared to the same quarter last year:
news
MICROS (R)
MICROS Systems, Inc.
12000 Baltimore
Avenue Beltsville, MD
20705-1291 (301) 210-6000
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RELEASE DATE: MARCH 22, 1996 CONTACT: A. L. GIANNOPOULOS
PRESIDENT AND CHIEF
EXECUTIVE OFFICER
REVISED # (301) 210-8090
MICROS EXPECTS LOWER THIRD QUARTER EARNINGS
BELTSVILLE, MARYLAND....MICROS SYSTEMS, INC., A LEADING SUPPLIER OF
INFORMATION SYSTEMS TO THE HOSPITALITY INDUSTRY, ANNOUNCED TODAY THAT IT
ANTICIPATES SIGNIFICANTLY LOWER EARNINGS FOR THE QUARTER ENDING MARCH 31, 1996
COMPARED TO THE SAME QUARTER LAST YEAR. WHILE SALES ARE EXPECTED TO EXCEED
THOSE FOR THE SAME PERIOD LAST YEAR, THE DECLINE IN EARNINGS IS DUE PRIMARILY TO
PRICE CONCESSIONS IN RESPONSE TO UNEXPECTED AND UNFAVORABLE WORLDWIDE MARKET
CONDITIONS AND LOWER THAN ANTICIPATED EARNINGS WITH RESPECT TO SEVERAL RECENT
ACQUISITIONS.
ACCORDING TO TOM GIANNOPOULOS, MICROS' PRESIDENT AND CEO, "ALTHOUGH WE
ARE DISAPPOINTED BY THESE UNEXPECTED RESULTS, WE WILL NONETHELESS CONTINUE OUR
CURRENT STRATEGIES OF CONTINUED WORLDWIDE REVENUE GROWTH AND ONGOING COST
REDUCTIONS." HE FURTHER NOTED THAT,
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"WHILE WE ARE UNABLE TO PREDICT HOW LONG THESE CURRENT MARKET CONDITIONS WILL
PERSIST, WE STRONGLY BELIEVE THAT BECAUSE OF OUR SOLID FINANCIAL CONDITION,
PRODUCT INNOVATION, RECENT ACQUISITION OF FIDELIO SOFTWARE GMBH AND OTHER CORE
BUSINESS STRENGTHS, WE WILL BE SUCCESSFUL IN RESPONDING TO THIS
CHALLENGING ECONOMIC ENVIRONMENT."
MICROS STOCK IS TRADED THROUGH NASDAQ UNDER THE STOCK SYMBOL MCRS.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, THE REGISTRANT HAS DULY CAUSED THIS CURRENT REPORT TO BE SIGNED ON ITS
BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
MICROS SYSTEMS, INC.
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(REGISTRANT)
BY: S/GARY C. KAUFMAN
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GARY C. KAUFMAN
VICE PRESIDENT, FINANCE AND
ADMINISTRATION/CHIEF
FINANCIAL OFFICER
DATE: MARCH 26, 1996