COLUMBIA, MD Micros Systems, a company that sells computers and software to the hospitality industry, said it lost $964,0000, or $0.06 per share, in the quarter ended December 31, 2000, because of slow sales to restaurants and hotels. Revenue in the quarter, the second of the company s fiscal year, fell 22%, to $80.1 million from $102.8 million in the same period last year.
Micros President Tom Giannopoulos said his company lost money in the quarter because many customers have delayed replacing old hardware or installing new software on their older machines. Giannopolous predicts that Micros will turn things around in the third quarter, because the company plans to target sales to smaller restaurant chains that haven t replaced their systems yet. The company expects revenue in the third quarter to rise to between $87 million and $89 million. (1/26/01)
SOURCE:The Washington Post