On Tuesday, August 29, Micros Systems
- Margins held steady while the company -- which designs software for the hospitality industry -- posted healthy sales growth. That's one popular way to boost the bottom line.
- It's yet another profitable year in the bank -- Micros hasn't posted an annual loss since fiscal 2002.
- You'd be hard-pressed to find a competitor with better margins of any kind, as Micros is holding its own even against excellent businesses like IBM
(NYSE:IBM) and NCR(NYSE:NCR) . The stock is trading at a premium to match the performance, however.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$672 |
$679 |
$597 |
13.7% |
|
Net Profit |
-- |
$64 |
$54 |
18.4% |
|
Pro Forma EPS |
$1.68 |
$1.74 |
$1.35 |
15.6% |
|
Diluted Shares |
41 |
40 |
1.9% |
Get back to basics with a look at the income statement.
Margin Checkup|
FY 2006 |
FY 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
50.91% |
50.53% |
0.38 |
|
Operating Margin |
13.45% |
13.21% |
0.24 |
|
Net Margin |
9.36% |
8.98% |
0.38 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$237 |
$154 |
54.5% |
|
Accounts Rec. |
$141 |
$131 |
7.4% |
|
Inventory |
$47 |
$43 |
9.3% |
|
Liabilities |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$36 |
$38 |
(5.8%) |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not provide a cash flow statement. (Boo! Hiss!)
Find out why Fools always follow the money.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here .
