MICROS REPORTS FISCAL 2005 SECOND QUARTER RESULTS: RECORD SECOND QUARTER REVENUE, NET INCOME AND EPS; REVENUE, NET INCOME AND EPS EXCEED EXPECTATIONS

Columbia, Maryland.... MICROS Systems, Inc. (Nasdaq:MCRS), a leading supplier of information systems to the hospitality and retail industries, today announced the results for its fiscal 2005 second quarter ended December 31, 2004.   Revenue for the quarter was $141.9 million, an increase of  $24.7 million, or 21.0%, over the same period last year.  Net income for the quarter was $11.8 million, an increase of $3.2 million, or 37.1%, over the year ago second quarter.  The quarterly revenue, net income, and earnings per share were Company records for the second fiscal quarter. Earnings per share, on a diluted basis, were $0.59 per share, an increase of $0.14 per share, or 31.1%, over the year ago earnings of $0.45 per share.  Revenue, net income and earnings per share results exceeded consensus expectations.

The quarterly results do not include any impact from MICROS’s acquisition of JTECH Communications, which was concluded on January 5, 2005.

For the six-month period ended December 31, 2004, MICROS’s revenue was $271.9 million, an increase of  $48.2 million, or 21.6%, over the same period last year.  Net income for the six-month period was $21.4 million, an increase of $8.1 million, or 60.8%, over the year ago period.  Earnings per share, on a diluted basis, were $1.09, an increase of  $0.39 per share, or 55.7%, over the year ago earnings of $0.70 per share.

On January 5, 2005, MICROS announced a two-for-one stock split effective February 1, 2005. For the fiscal 2005 second quarter ended December 31, 2004, earnings per diluted share, proforma adjusted for the announced two-for-one stock split, were $0.30, an increase of $0.08 per share, or 36.4%, over the year ago earnings of $0.22 per share.  For the six-month period ended December 31, 2004, earnings per diluted share, proforma adjusted for the announced two-for-one stock split, were $0.55, an increase of $0.20 per share, or 57.1%, over the year ago earnings of $0.35 per share.

Tom Giannopoulos, MICROS’s Chairman and CEO, stated: “The excellent quarterly and year-to-date results reflect the continuing acceptance of our products and services worldwide.”

MICROS’s guidance for its fiscal 2005 third quarter ending March 31, 2005, has been increased to revenue between  $135.0 million and $140.0 million and net income between $10.0 million and $11.0 million. MICROS’s guidance for the fiscal 2005 year ending June 30, 2005, has been increased to revenue between $555.0 million and $563.0 million and net income between $45.0 million and $48.0 million.

MICROS’s stock is traded through NASDAQ under the symbol MCRS.   Some of the statements contained herein not based on historic facts are forward-looking statements that involve risks and uncertainties.  Some of those uncertainties are: product demand and market acceptance; adverse economic factors; impact of competitive products and pricing on margins; product development delays and technological difficulties; and aggressively controlling expenses.  Other risks are indicated in the MICROS Form 10-K and other filings with the Securities and Exchange Commission.  MICROS assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited - in thousands, except per share amounts)

                                                                          Second Quarter Ended December 31,         Six-Months Ended December 31,

                                                                             2004                        2003                              2004                        2003