MICROS Reports Fiscal 2008 First Quart...(2231 Income before taxes minority int...),Health

Income before taxes, minority interests,

and equity in net earnings of affiliates 32,407 22,880

Income tax provision 10,856 7,665

Income before minority interests and equity

in net earnings of affiliates 21,551 15,215

Minority interests and equity in net

earnings of affiliates (247) (104)

Net income (GAAP) $21,304 $15,111

Net income per diluted common share (GAAP) $0.51 $0.37

Weighted-average number of shares

outstanding - diluted 41,756 40,651 Reconciliation of GAAP Net Income and EPS, and Non-GAAP Net Income and EPS

before share-based payment charge, i.e. stock option expense

Net income (GAAP) $21,304 $15,111

Add back:

(*) Stock option expense

Selling, general and administrative expenses 3,542 2,692

Research and development expenses 302 123

Total stock option expense 3,844 2,815

Subtract:

Total tax effect on stock option expense 841 571

Net income, before share-based payment charge

(Non-GAAP) $24,307 $17,355

Net income per diluted common share, before

share-based payment charge (Non-GAAP) $0.58 $0.43

We believe the inclusion of the above non-GAAP measure, excluding the effect of share-based payment charge, will be useful to investors because it will enhance the comparability of our results in recent periods to results in periods prior to our adoption of FAS 123(R). We also believe inclusion of this measure will enhance comparability of our results to results of our competitors, particularly those
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