Bertucci Extends Ties with MICROS - Analyst Blog
April 04 2012 - 6:30AM
Zacks
Earlier this week, MICROS
Systems, Inc. (MCRS) announced that Bertucci’s Italian
Restaurant has extended its ties with MICROS. Bertucci has now
integrated its webOrdering program and mymicros.net cloud-based
platform across its 94 locations.
With the addition of webOrdering,
the restaurant would benefit from a more advanced and exhaustive
data management solution. This would now make a provision for
online ordering for its customers without hindrances.
Furthermore, the mymicros.net
platform would render inventory stock management easier, deploying
MICROS’ myinventory module. For more efficient labor management,
mylabor module shall be integrated with the advanced mymicros.net
platform which would then provide operational performance reports
from time to time at each of the restaurant’s 94 corporate
units.
MICROS has been a technology
solutions provider for Bertucci for 22 years now. Hence, the
company is well acquainted with its operational techniques and
managerial intricacies, making the integration quite a smooth
process.
On March 20, 2012, MICROS received
a contract to provide its Table Management System (TMS) solutions
across 750 locations of Ruby Tuesday, Inc. Hence, contract wins and
extensions are not aberrant for MICROS even though pervading fiscal
pressures clouded the world economy.
However, it is imperative that
MICROS remains wary with regard to advances of its competitors. In
2011, FARO Technologies Inc. (FARO) recorded new
order wins of nearly $256 million, surging 29.2% from the previous
year.
We continue to maintain a ‘Neutral’
recommendation on MICROS. In the short run, we have a Zacks #3 Rank
on the stock which translates into a short-term rating of
‘Hold’.
FARO TECH INC (FARO): Free Stock Analysis Report
MICROS SYS (MCRS): Free Stock Analysis Report
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