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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