The Company designs, manufactures, markets and gives services to enterprise information solutions for the global hospitality and retail industries.
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MCRS is cutting jobs to the point of not being able to support its current customer base, much less be poised to capitalize on future opportunities. Even though, sales and profit are up from previous years they're cutting in response to the stock price. They should just stick to solid business fundamentals, keep a steady increase in sales, keep talented long-term employees, and stay debt-free. Instead they're bowing to wall street pressures instead of the fundamentals that got them where they are today. Unintelligent middle management will sink companies like this. If they're sales and service fail to keep pace with other companies during the coming economic upturn, they will find themselves in an unfamiliar territory of shrinking market share. Now that the "big boys" are crumbling, it's a good time to be MICROS's competitor.