MICROS Reports Fiscal 2008 First Quart...(who did not adopt FAS 123(R)during one o...),Health

Date:10/25/2007

who did not adopt FAS 123(R) during one or more periods included in their public filings, and to the analysts' forecasts because the analysts continue to forecast excluding the effect of share-based payment charge, the non-GAAP measure. In addition, our management uses this measure to evaluate our operating performance and compare our results to our competitors. Management also uses this measure as a metric to measure performance under our executive compensation program.

The Company notes that non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. Instead, they are based on subjective determinations by management designed to supplement our GAAP financial measures. They are subject to a number of important limitations and should be considered only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Among the limitations on the use of the non-GAAP measure are the following:

-- The exclusion of non-cash share-based payment charges can have a

significant impact on reported GAAP net income and diluted net income

per share.

-- Other companies may utilize non-cash share-based payments to a

significantly greater or lesser degree in relation to overall

compensation than MICROS.

-- Other companies may calculate non-GAAP net income and non-GAAP net

income per share differently than MICROS does, limiting the usefulness

of those measures for comparative purposes.

MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited - in thousands)

September 30, June 30,

2007 2007

ASSETS

Current assets:

Cash and cash equivalents $240,528 $242,702

Short-term investment
'/>"/>

SOURCE MICROS Systems, Inc. Copyright©2007 PR Newswire. All rights reserved

0 GOOD

Page: 1 2 3 4 5 6 7
Related medicine news :

1. Microscopic lens monitors heart problems
2. Microscopic Nanobombs Blow Apart Breast Cancer Cells
3. Fat fighters’: Whole-grain foods’: under the microscoe
4. Microscopic Grains Used in Sun Block Creams may Cause Nerve Damage
5. Using Multiphoton Microscopy to See Chromosomes in Action
6. Battle Between Google and Microsoft Could Trigger Revolution in Healthcare
7. Autopsy reports could be valuable and informative
8. China reports declining number of SARS Cases
9. Russia Reports First SARS Case
10. Research reports that c-section deliveries are rising
11. Jharkhand reports 13,000 Malaria cases