Exhibit 99.1

news
Release Date: August 28, 2008	Contact:	Peter J. Rogers, Jr.
		Executive Vice President, Investor Relations
		MICROS Systems, Inc.
		443-285-8059
		progers@micros.com

MICROS REPORTS FISCAL 2008 RESULTS:

RECORD FOURTH QUARTER AND FISCAL YEAR

REVENUE, NET INCOME AND EPS

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 2008 fourth quarter and fiscal year ending June 30, 2008.

FINANCIAL HIGHLIGHTS

-Revenue for the quarter was $256.6 million, an increase of $35.0 million, or 15.8%, over the same period last year.

-Revenue for the fiscal year was $954.2 million, an increase of $168.5 million, or 21.4% over the same period last year.

-GAAP net income for the quarter was $30.7 million, an increase of $3.3 million, or 12.2% over the same period last year.

-GAAP net income for the fiscal year was $101.3 million, an increase of $21.3 million, or 26.6% over the same period last year.

-GAAP diluted earnings per share (EPS) for the quarter was $0.37 per share, an increase of $0.04 per share, or 12.1% over the same period last year.

-GAAP diluted EPS for the fiscal year was $1.21 per share, an increase of $0.24 per share, or 24.7% over the same period last year.

-Non-GAAP financial results, excluding the effect of Financial Accounting Standard (FAS) No. 123 (R), which requires us to record the share-based payment charge, are as follows:

Non-GAAP net income for the quarter was $33.8 million, an increase of $2.5 million, or 8.1% over the year ago period.

Non-GAAP net income for the fiscal year was $114.4 million, an increase of $23.3 million, or 25.6% over the year ago period.

Non-GAAP diluted EPS for the quarter was $0.41 per share, an increase of $0.03 per share, or 7.9% over year ago period.

Non-GAAP diluted EPS for the fiscal year was $1.37 per share, an increase of $0.27, or 24.5% over the year ago period.

-MICROS’s financial results were Company records for both a fiscal quarter and a fiscal year.

Tom Giannopoulos, MICROS’s Chairman and CEO, stated, “We are extremely pleased with the record results of the 2008 fourth quarter and fiscal year. As we now enter fiscal year 2009, we believe we have the right people, infrastructure and products in place which will allow us to continue to grow our company and expand our customer base.”

Guidance for the fiscal 2009 year ending June 30, 2009 is for revenue between $1,075.0 million and $1,100.0 million and non-GAAP net income, excluding the currently projected share-based payment charge for the fiscal year, between $128.5 million and $137.5 million, or non-GAAP earnings per diluted share between $1.53 and $1.64. Guidance for GAAP net income is between $117.0 million and $126.0 million, or earnings per diluted share of $1.39 to $1.50.

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 2009 year ending June 30, 2009, 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; 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 August 28, 2008. 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.

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MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited - in thousands, except per share amounts)

	Fourth quarter ended					Twelve months ended
	June 30,					June 30,
	2008		2007			2008			2007
Revenue:
Hardware	$	68,581	$	65,694		$	265,965		$	233,838
Software		45,421		38,280			158,699			132,820
Service		142,562		117,620			529,520			419,069
Total revenue		256,564		221,594			954,184			785,727

Cost of sales:
Hardware		44,674		41,104			171,779			149,085
Software		7,581		7,938			33,252			29,531
Service		67,171		53,579			247,954			195,600
Total cost of sales		119,426		102,621			452,985			374,216

Gross margin		137,138		118,973			501,199			411,511

Selling, general and administrative expenses		76,463		63,302			290,411			241,075
Research and development expenses		10,438		9,720			39,113			33,131
Depreciation and amortization		4,388		3,599			15,143			12,721
Stock option expense (*)		3,785		4,723			17,229			13,996
Total operating expenses		95,074		81,344			361,896			300,923

Income from operations		42,064		37,629			139,303			110,588

Non-operating income, net		4,532		3,709			15,036			11,066

Income before taxes, minority interests, and equity in net earnings of affiliates		46,596		41,338			154,339			121,654

Income tax provision		16,304		13,861			52,167			40,754
Income before minority interests and equity in net earnings of affiliates		30,292		27,477			102,172			80,900
Minority interests and equity in net earnings of affiliates		454		(67	)		(888	)		(912	)

Net income	$	30,746	$	27,410		$	101,284		$	79,988

Net income per common share – diluted	$	0.37	$	0.33		$	1.21		$	0.97
Weighted-average number of shares outstanding -diluted		82,766		83,171			83,346			82,581

Reconciliation of GAAP Net Income and EPS, and Net Income and EPS before share-based payment charge, i.e. stock option expense
Net income	$	30,746	$	27,410		$	101,284		$	79,988
*Add back: Stock option expense ()
Selling, general and administrative expenses		3,568		4,392			16,213			13,243
Research and development expenses		217		331			1,016			753
Total stock option expense		3,785		4,723			17,229			13,996

*Subtract*: Total tax effect on stock option expense		769		902			4,083			2,883
Net income (before share-based payment charge)	$	33,762	$	31,231		$	114,430		$	91,101

Net income per common share-diluted (before share-based payment charge):	$	0.41	$	0.38		$	1.37		$	1.10

We believe the inclusion of the above non-GAAP measure, excluding the effect of share-based payment charge, will be useful to investors because it will enhance the comparability of our results in recent periods to results in periods prior to our adoption of FAS 123(R). We also believe inclusion of this measure will enhance comparability of our results to results of our competitors, particularly those 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.

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MICROS SYSTEMS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited - in thousands)

	June 30,		June 30,
	2008		2007
ASSETS
Current assets:
Cash and cash equivalents	$	381,964	$	242,702
Short-term investments		0		86,950
Accounts receivable, net		192,445		180,203
Inventory, net		64,575		47,790
Deferred income taxes		18,724		16,683
Prepaid expenses and other current assets		29,737		27,650
Total current assets		687,445		601,978

Investments non-current		65,216		0
Property, plant and equipment, net		29,165		27,955
Deferred income taxes, non-current		7,108		23,145
Goodwill		159,722		138,332
Intangible assets, net		16,168		14,509
Purchased and internally developed software costs, net		30,846		36,296
Other assets		7,336		4,541
Total assets	$	1,003,006	$	846,756

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Bank lines of credit	$	989	$	2,308
Accounts payable		46,843		43,126
Accrued expenses and other current liabilities		124,913		117,142
Income taxes payable		6,363		8,094
Deferred revenue		115,398		86,742
Total current liabilities		294,506		257,412

Income taxes payable, non-current		18,302		0
Deferred income taxes, non-current		2,181		15,934
Other non-current liabilities		8,103		17,554
Total liabilities		323,092		290,900
Minority interests and minority ownership put arrangement		6,898		4,723
Commitments and contingencies

Shareholders’ equity:
Common stock		506		507
Capital in excess of par		131,517		149,089
Retained earnings		480,777		382,785
Accumulated other comprehensive income		60,216		18,752
Total shareholders’ equity		673,016		551,133

Total liabilities and shareholders’ equity	$	1,003,006	$	846,756

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MARYLAND		000-09993		52-1101488
(State of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

MICROS Systems, Inc.
(Registrant)

By:	/s/ Gary C. Kaufman
Gary C. Kaufman
Executive Vice-President, Finance and Administration, and Chief Financial Officer

Release Date: August 28, 2008

Contact:

Peter J. Rogers, Jr

EVP, Investor Relations

443-285-8059