April 29, 2010 / 8:32 PM / in 8 years

UPDATE 1-Micros Systems Q3 beats Street as services rev rises

* Q3 adj EPS $0.39 vs est $0.35

* Q3 rev up 12 pct

* Services revenue rises 13 pct

April 29 (Reuters) - Micros Systems Inc MCRS.O, which provides information systems to the hospitality industry, posted better-than-expected quarterly profit, helped by a 13 percent rise in services revenue.

For the third quarter ended March 31, the company’s net income rose 30 percent to about $30 million, or 37 cents per share.

Excluding items, it earned 39 cents a share, beating analysts’ average expectations of 35 cents a share, according to Thomson Reuters I/B/E/S. [ID:nASA00AI9]

Revenue rose 12 percent to $229.1 million. Analysts on average expected revenue of $227.6 million.

Shares of Columbia, Maryland-based Micros closed at $34.47 Thursday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Gopakumar Warrier)

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