MICROS’s guidance for its fiscal 2006 fourth quarter ending June 30, 2006 is for revenue between $180.0 million and $185.0 million, and non-GAAP net income, excluding the currently projected share-based payment charge for the fourth fiscal quarter, between $20.5 million and $21.2 million. Guidance for GAAP net income is between $18.8 million and $19.5 million.

Guidance for the fiscal 2006 year ending June 30, 2006 has been increased for revenue to be between $667.0 million and $672.0 million and increased for non-GAAP net income, excluding the currently projected share-based payment charge for the fiscal year, to be between $67.7 million and $68.4 million, or non-GAAP earnings per diluted share between $1.66 and $1.68.  Guidance for GAAP net income has been increased to be between $60.6 million and $61.3 million, or earnings per diluted share of $1.50 to $1.51.

To supplement the consolidated financial statements presented in accordance with GAAP, the Company presents MICROS’s net income and earnings per diluted share, before the share-based payment charge, which is the non-cash stock option expense. This non-GAAP presentation of net income and earnings per share is provided to enhance the understanding of the Company’s historical financial performance and comparability between periods. The Company believes this presentation provides useful information.

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.  An example of a forward looking statement includes the statements in the paragraphs where MICROS provides guidance for its fiscal 2006 fourth quarter ending June 30, 2006, and its fiscal 2006 year ending June 30, 2006, and Mr. Giannopoulos’s quote.  MICROS is subject to, among others, the following uncertainties and risks: product demand and market acceptance; impact of competitive products and pricing on margins; product development delays and technological difficulties; controlling expenses as MICROS continues to expand; the ability to obtain on acceptable terms the right to incorporate in MICROS’s products and services technology patented by others; the risk that there are actual or perceived security vulnerabilities in MICROS’s products; adverse results in legal disputes resulting in liabilities that exceed reserves; unanticipated tax liabilities; the effects of terrorist activity and armed conflict; the effects of major environmental disasters, such as hurricanes and tsunamis; weakening in general economic conditions that adversely affect demand for computer hardware or software; and currency fluctuations.

All information in this release is as of April 27, 2006.  MICROS undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in MICROS’s expectations.

For further information regarding risks and uncertainties associated with MICROS’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business and Investment Risks” sections of MICROS’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting MICROS’s investor relations department at 443-285-8059 or at MICROS’s website at http://www.micros.com.

MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited - in thousands, except per share amounts)

MICROS SYSTEMS, INC.
CONSOLIDATED BALANCE SHEET

 (Unaudited - in thousands)