FARO FARO Technologies Inc

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’.

 
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