This information is relayed to various departments within the establishment on an as-needed basis for its smooth functioning. An example of MICROS applications in the food and beverage industry is the electronic point-of-sale system where orders and other information from customers is collected until the final payment. The company’s software solutions are utilized in more than 567,000 hotels, casinos, table and quick service restaurants, retail, leisure and entertainment, fuel and convenience, cruise and other travel operations in more than 180 countries. Friday’s hotel chains such as Hyatt, Hilton, MGM Resort, Radisson and Wynn Resorts and retail chains such as Ikea, Adidas, Tesco and Burberry. Examples of MICROS customers include major QSR chains such as Costa Coffee, Starbucks, T.G.I. Within the food and beverage industry, MICROS caters to table service and quick service restaurants, food and beverage operations within hotels, entertainment venues (such as stadiums, arenas etc.), casinos, cruise ships and other business and government operations providing food service. MICROS Systems primarily provides various cloud-based, mobile and on-premise application tools for customers in three industries, namely food and beverage, hospitality and retail. In addition to stagnant growth in revenues from on-premise software deployments, Oracle’s revenue growth for cloud-based deployments continued to remain lower than its competitors Salesforce and SAP. In the recently concluded FY14 results, Oracle’s new license revenues for on-premise software deployments remained flat at $9.4 billion from a prior-year period. The acquisition of MICROS systems is expected to boost Oracle’s slowing growth in the application software market. Applications include point-of-sale, property management, central systems, business intelligence, eCommerce, customer relationship management, supply chain and vendor management, and merchandise planning management. announced its plans to acquire MICROS Systems for an enterprise valuation of approximately $5.3 billion. MICROS Systems provides leading enterprise-wide applications, services and hardware for the hospitality and retail industries.
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