Latest Business Intelligence News
Leading Canadian Insurer, Wawanesa, Chooses MicroStrategy as its Enterprise Business Intelligence Platform
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Wawanesa Mutual Insurance has selected MicroStrategy as its enterprise BI platform. Wawanesa is a large property and casualty insurer in Canada.
McLean, Va. (August 06, 2009) –
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Wawanesa Mutual Insurance has selected MicroStrategy as its enterprise BI platform. Wawanesa is a large property and casualty insurer in Canada.
Wawanesa plans to use MicroStrategy for corporate financial reporting, as well as monitoring business metrics related to insurance policies and claims. With MicroStrategy, Wawanesa employees can gain valuable insights into product distribution and claims processed by geographic area to better understand business performance. The MicroStrategy-based application will give Wawanesa personnel a high-level view of its operations, as well as the ability to drill into the metrics to uncover business drivers and identify areas for improvement.
“Business intelligence is a strategic priority that will provide actionable information to help us enhance operations and make more proactive business decisions,” said Cam Loeppky, Vice President of Information Services, Wawanesa. “Following a thorough evaluation of leading BI providers, we selected MicroStrategy because of its integrated BI platform, ease-of-use, and low total cost of ownership.”
“We are pleased to count Wawanesa as a new MicroStrategy customer,” said Sanju Bansal, MicroStrategy’s COO. “Many leading insurance companies, including Nationwide Mutual Insurance Company, MetLife, Grange Insurance, and Guy Carpenter & Company, rely on MicroStrategy to gain greater visibility into their operations and make analytically-based business decisions.”
About Wawanesa
Wawanesa is a Canadian mutual company owned by its policyholders. It is one of the largest property and casualty insurers in Canada. Wawanesa has 100% ownership of two subsidiary companies: Wawanesa Life and Wawanesa General (U.S.A.). Wawanesa has a rich history dating back to September 25, 1896, when it was founded in the Village of Wawanesa, Manitoba. Today executive offices are located in Winnipeg, Manitoba, Canada.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Announces Second Quarter 2009 Financial Results
–Diluted Earnings Per Share of $0.81
MCLEAN, Va., (July 30, 2009) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended June 30, 2009 (the second quarter of its 2009 fiscal year).
Second quarter 2009 revenues were $87.8 million versus $88.9 million for the second quarter of 2008. Product licenses revenues for the second quarter of 2009 were $20.5 million versus $21.1 million for the second quarter of 2008. Product support and other services revenues for MicroStrategy’s core business intelligence (BI) business in the second quarter of 2009 were $64.1 million versus $65.1 million for the second quarter of 2008. Operating expenses for the second quarter of 2009 were $55.3 million versus $57.7 million for the second quarter of 2008.
Income from continuing operations before financing and other income and income taxes for the second quarter of 2009 was $16.5 million, or 19% of revenue, versus $15.1 million, or 17% of revenue, for the second quarter of 2008. Net income for the second quarter of 2009 was $10.0 million, or $0.81 per share on a diluted basis, compared to $8.1 million, or $0.66 per share on a diluted basis, for the second quarter of 2008.
For the second quarter of 2009, MicroStrategy’s effective tax rate on income from continuing operations was 34% compared to 49% for the second quarter of 2008. The higher effective tax rate in 2008 was primarily the result of an adjustment that was made to the Company’s deferred tax asset for state net operating losses and, to a lesser extent, net losses in certain foreign subsidiaries for which the Company was not able to recognize a tax benefit for financial reporting purposes in the second quarter of 2008.
As of June 30, 2009, MicroStrategy had cash and cash equivalents of approximately $176.2 million versus $122.9 million as of December 31, 2008, an increase of $53.3 million. As of June 30, 2009, MicroStrategy had 9,128,789 shares of class A common stock and 2,770,244 shares of class B common stock outstanding.
New Customers and New Deals with Existing Customers in Q2 2009 Included:
Bayer HealthCare Pharmaceuticals; Bell Canada; Burlington Coat Factory; Cingular Wireless; Citigroup Fund Services Canada, Inc.; Cryptologic, Inc.; CSC Holdings; Danier Leather Inc.; Doctor’s Associates, Inc.; Emory Healthcare, Inc.; Family Dollar, Inc.; Fannie Mae; Freddie Mac; Genworth Financial Mortgage Insurance Company Canada; Heartland Payment Systems; Herbalife International of America, Inc.; Interstate Batteries; Jabil Circuit Inc.; La Capitale Assurances Generales; LinkedIn Corporation; McDonald’s Corporation; Mercury Insurance Company; Meredith Corporation; National Institutes of Health (NIH); Netflix; Nu Skin Enterprises, Inc.; Paramount Pictures Corporation; Petco Animal Supplies, Inc.; Ross Stores, Inc.; Saint Elizabeth Health Care; Silverton Casino, LLC; Sony Media Software and Services; The Sherwin-Williams Company; Time Warner Cable; Toys R Us, Inc.; Tuesday Morning Inc.; University of Miami; U.S. Department of Defense; U.S. House of Representatives; U.S. Department of Education; U.S. Department of Energy; Wilbur-Ellis Company; Wyeth Consumer Healthcare (f/k/a Whitehall-Robins)
Examples of Customer Deals from Q2 2009:
Burlington Coat Factory Warehouse Corporation
Burlington Coat Factory Warehouse Corporation, a nationally recognized retailer with 433 stores in 44 states, has expanded its base of MicroStrategy licenses utilized for merchandising reporting and analytics. Burlington Coat Factory uses MicroStrategy for reporting and analysis on merchandising metrics. MicroStrategy teamed with QuantiSense to provide dashboards and reporting for Burlington Coat Factory with an end-to-end solution for their merchandising business intelligence requirements.
Heartland Payment Systems
Heartland Payment Systems is the nation’s fifth largest payments processor, providing card processing, payroll, check management, and other payments solutions. A new MicroStrategy customer, Heartland selected MicroStrategy to enhance reporting and analysis capabilities for its merchants, giving them greater insights into their businesses. After conducting an extensive evaluation of BI products, MicroStrategy was selected because of its integrated platform, scalability for large volumes of data, and easy-to-use reporting capabilities for Heartland’s diverse user population.
Saint Elizabeth Health Care
Saint Elizabeth Health Care (SEHC) recently deployed MicroStrategy to provide employees with the information they need and the tools required to use information to make better decisions. With additional software licenses, SEHC will rely on MicroStrategy’s Dynamic Enterprise Dashboards and reporting capabilities to monitor key performance indicators tied to the organization’s corporate strategies. MicroStrategy’s dashboards and reports will provide vital insights that can help SEHC to enhance decision making and operational performance. SEHC is a Canadian not-for-profit charitable organization with a team of approximately 4,000 health professionals that deliver 3.8 million home care visits annually.
The University of Miami
The University of Miami recently expanded its use of MicroStrategy to gain greater insight into its academic environment and student population. End users across the various schools and colleges are able to access 12 BI applications, and rely on intuitive reports to examine current student reporting, fundraising, equality administration, financial aid, human resources, purchasing, student admissions, and student employment information. MicroStrategy provides reports relating to the current student body and application pool to help University of Miami users make important decisions on admissions acceptances and enrollment questions.
MicroStrategy Reporting Suite Announced:
In the second quarter of 2009, MicroStrategy announced a free reporting software package for departmental BI applications. MicroStrategy Reporting Suite enables companies to use MicroStrategy’s integrated BI platform to develop and deploy premium, Web-based reporting applications, at no cost. MicroStrategy has eliminated cost and time impediments for departments and workgroups to initiate new reporting applications. Business users can simply visit the MicroStrategy Reporting Suite Web site, www.microstrategy.com/freereportingsoftware, download the free software, and begin building their reporting applications, all in the same day.
MicroStrategy’s easy-to-use reporting software enables business users to quickly create the reports they need to gain critical insights into business data and make timely, analytically-based decisions. Users can view data in detailed tabular grid reports, graph data to analyze information quickly, drill-down to investigate root causes, make ad hoc queries, manage business performance with arithmetic and statistical metrics, and export data to Excel and PDF. When reporting requirements expand, companies can purchase licenses for more advanced report presentation, more interactivity, and additional BI users.
MicroStrategy Reporting Suite gives companies an easy entry point for initiating small, departmental reporting applications, along with a seamless path to build and expand BI deployments without creating independent silos of BI. Some departmental reporting tools create individual islands of BI that cannot be integrated into the larger BI system, resulting in inconsistent data and undermining the system’s credibility. With MicroStrategy, organizations can efficiently merge departmental applications into a cohesive BI environment to ensure data consistency across the enterprise.
The MicroStrategy Reporting Suite includes the following:
— Up to 100 named user licenses of the MicroStrategy Reporting Suite:
MicroStrategy Intelligence Server and MicroStrategy Web Reporter – with
a 1 CPU limit
— Two named user licenses of development software: MicroStrategy Desktop
and MicroStrategy Architect
— Two named user licenses of many of MicroStrategy’s most popular
products and services: MicroStrategy Web Analyst and Professional,
MicroStrategy Mobile, MicroStrategy Office, MicroStrategy Report
Services, MicroStrategy Distribution Services, and MicroStrategy OLAP
Services
— Free online support, which includes access to MicroStrategy’s
extensive online searchable knowledge repository, online community
forum, video guides, and online education
— Free e-mail support for 60 days for two named support liaisons to
interact one-on-one with MicroStrategy Technical Support representatives
via e-mail
— A Quick Start Guide and access to product documentation
To learn more, visit www.microstrategy.com/freereportingsoftware.
MicroStrategy Announces Availability of BI Reports and Dashboards on the Amazon Kindle DX:
MicroStrategy-based grid reports, graph reports, operational reports, scorecards, and dashboards can be stored and viewed on the Kindle DX in PDF format for enhanced productivity while out of the office. The Kindle DX’s large screen enables users to review and analyze detailed business data, ranging from a complex financial performance dashboard to a 100-page operational report. Users can also easily share reports and dashboards with others during business meetings.
By storing business intelligence reports on the Kindle DX, users no longer need to print out and carry stacks of reports with them when they travel. The large memory capacity of the Kindle DX, with more than 3GB of usable storage, enables users to store tens of thousands of BI reports and dashboards. Users simply archive the reports after viewing them and retrieve the reports when needed.
MicroStrategy reports can be sent via e-mail to the Kindle DX, enabling users to monitor business performance while away from the office. With MicroStrategy, Kindle DX users can receive reports on a scheduled basis, and set up e-mail alerts triggered by important business indicators that inform them of time-sensitive issues. Users can also download business reports and documents directly to the Kindle DX at their convenience.
First BI Platform Vendor to Support the New Data Mining Standard, PMML 4.0:
MicroStrategy has enhanced its predictive analytics capabilities with support for the newest version of the data mining industry’s leading standard, PMML 4.0. The Predictive Model Markup Language (PMML) standard is developed by Data Mining Group (DMG), an independent consortium of over two dozen leading technology companies, including MicroStrategy. The PMML standard describes how predictive models work and it makes the models easy to share across the organization for improved decision-making.
Data mining is an organic part of the MicroStrategy architecture that enables users to discover hidden patterns and predictive information in the data through standard enterprise reports and dashboards. While BI provides deep insight into historical data, data mining uses this information to help companies forecast future events. With MicroStrategy, users can easily deploy complex data mining models and include the results of these models in a variety of BI applications, such as call center analyses, customer relationship management, and financial budgeting and forecasting.
An active member of DMG since 2004, MicroStrategy has provided guidance and leadership in developing the PMML standard and continues to maintain its support for open platform standards, cross-vendor interoperability, and high data integrity. Along with existing data mining models, MicroStrategy 9 includes new capabilities, such as the Time Series model, which is used to forecast results along a given timeline, and the Association Rules model, which is helpful for discovering relationships in databases and recommending products that customers are most likely to purchase.
MicroStrategy Hosts Informational Events in India:
During July 2009, MicroStrategy is hosting a series of informational events in seven cities in India. The events will provide an overview of MicroStrategy’s latest software release, MicroStrategy 9, and how it can help companies improve decision-making, increase productivity, streamline operations, and enhance business performance. Nine dinner events will be held between July 14, 2009 and July 31, 2009.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy 9, MicroStrategy Report Services, MicroStrategy Dynamic Enterprise Dashboards, MicroStrategy Reporting Suite, MicroStrategy Intelligence Server, MicroStrategy Business Intelligence Platform, MicroStrategy Architect, MicroStrategy Web, MicroStrategy OLAP Provider, MicroStrategy Office, MicroStrategy Mobile, and MicroStrategy Distribution Services are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
This press release may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 9 software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions, including significant downturns in industries, including the financial services and retail industries, in which we have a significant number of customers; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
MicroStrategy Incorporated
Investor Relations
ir@microstrategy.com
(703) 848-8600
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
——– ——–
2009 2008 2009 2008
—- —- —- —-
(unaudited) (unaudited) (unaudited) (unaudited)
Revenues
Product licenses $20,483 $21,052 $37,454 $43,179
Product support and
other services 67,276 67,804 130,546 131,581
—— —— ——- ——-
Total revenues 87,759 88,856 168,000 174,760
—— —— ——- ——-
Cost of Revenues
Product licenses 1,980 461 2,576 1,020
Product support and
other services 13,957 15,648 28,022 29,594
—— —— —— ——
Total cost of
revenues 15,937 16,109 30,598 30,614
—— —— —— ——
Gross profit 71,822 72,747 137,402 144,146
—— —— ——- ——-
Operating Expenses
Sales and marketing 31,357 34,484 61,887 64,172
Research and
development 11,168 8,203 19,007 18,527
General and
administrative 12,800 15,001 27,144 32,311
—— —— —— ——
Total operating
expenses 55,325 57,688 108,038 115,010
—— —— ——- ——-
Income from continuing
operations before
financing and other
income and income
taxes 16,497 15,059 29,364 29,136
—— —— —— ——
Financing and Other
(Expense) Income
Interest income, net 251 660 395 1,458
Other expense, net (1,740) (102) (1,204) (963)
—— —- —— —-
Total financing and
other (expense)
income (1,489) 558 (809) 495
—— — —- —
Income from
continuing
operations before
income taxes 15,008 15,617 28,555 29,631
Provision for income
taxes 5,056 7,719 9,943 12,772
—– —– —– ——
Income from
continuing
operations 9,952 7,898 18,612 16,859
Discontinued operations:
Gain from sale of
discontinued
operations, net of
tax provision ($69
and $11,190,
respectively) 15 – 14,437 –
Income (loss) from
discontinued operations,
net of tax provision
(benefit) ($0 and $197,
for the three months
ended, respectively,
and ($54) and $123 for
the six months ended,
respectively) – 228 (107) (435)
— — —- —-
Discontinued
operations, net of
tax 15 228 14,330 (435)
— — —— —-
—— —— ——- ——-
Net Income $9,967 $8,126 $32,942 $16,424
—— —— ——- ——-
Basic earnings (loss)
per share (1):
From continuing
operations $0.84 $0.66 $1.57 $1.42
From discontinued
operations $- $0.02 $1.20 $(0.04)
— —– —– ——
Basic earnings per
share $0.84 $0.68 $2.77 $1.38
—– —– —– —–
Weighted average shares
outstanding used in
computing basic
earnings per share 11,895 11,870 11,893 11,897
—— —— —— ——
Diluted earnings (loss)
per share (1):
From continuing
operations $0.81 $0.64 $1.52 $1.36
From discontinued
operations $- $0.02 $1.17 $(0.03)
— —– —– ——
Diluted earnings per
share $0.81 $0.66 $2.69 $1.33
—– —– —– —–
Weighted average shares
outstanding used in
computing diluted
earnings per share 12,256 12,324 12,237 12,351
—— —— —— ——
(1) Basic and fully diluted earnings per share for class A and class B
common stock are the same
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Core BI Business Angel.com Consolidated
—————- ——— ————
Three Months Three Months Three Months
Ended Ended Ended
June 30, June 30, June 30,
——– ——– ——–
2009 2008 2009 2008 2009 2008
—- —- —- —- —- —-
Revenues
Product licenses $20,483 $21,052 $- $- $20,483 $21,052
Product support
and other
services 64,118 65,064 – – 64,118 65,064
Angel.com
telephony
services – – 3,158 2,740 3,158 2,740
— — —– —– —– —–
Total revenues 84,601 86,116 3,158 2,740 87,759 88,856
—— —— —– —– —— ——
Cost of Revenues
Product licenses 1,980 461 – – 1,980 461
Product support
and other
services 12,705 15,208 – – 12,705 15,208
Angel.com
telephony
services – – 1,252 440 1,252 440
— — —– — —– —
Total cost of
revenues 14,685 15,669 1,252 440 15,937 16,109
—— —— —– — —— ——
Gross profit 69,916 70,447 1,906 2,300 71,822 72,747
—— —— —– —– —— ——
Operating Expenses
Sales and
marketing 30,289 32,063 1,068 2,421 31,357 34,484
Research and
development 10,312 7,259 856 944 11,168 8,203
General and
administrative 12,353 14,911 447 90(a) 12,800 15,001
—— —— — — —— ——
Total operating
expenses 52,954 54,233 2,371 3,455 55,325 57,688
—— —— —– —– —— ——
Income (loss) from
continuing
operations before
financing and
other income and
income taxes 16,962 16,214 (465) (1,155) 16,497 15,059
—— —— —- —— —— ——
Financing and Other
(Expense) Income
Interest income,
net 251 660 – – 251 660
Other expense,
net (1,740) (102) – – (1,740) (102)
—— —- — — —— —-
Total financing
and other
(expense)
income (1,489) 558 – – (1,489) 558
—— — — — —— —
Income (loss)
from continuing
operations
before income
taxes $15,473 $16,772 $(465) $(1,155) $15,008 $15,617
Provision for
income taxes 5,056 7,719
—– —–
Income from
continuing
operations 9,952 7,898
Discontinued
operations:
Gain from sale
of discontinued
operations, net
of tax 15 –
Income from
discontinued
operations, net
of tax – 228
— —
Discontinued
operations, net
of tax 15 228
—— ——
Net income $9,967 $8,126
====== ======
Basic earnings
per share:
From
continuing
operations $0.84 $0.66
From
discontinued
operations $- $0.02
— —–
Basic
earnings
per share $0.84 $0.68
—– —–
Diluted earnings
per share:
From
continuing
operations $0.81 $0.64
From
discontinued
operations $- $0.02
— —–
Diluted
earnings
per share $0.81 $0.66
—– —–
Basic weighted
average shares
outstanding 11,895 11,870
====== ======
Diluted weighted
average shares
outstanding 12,256 12,324
====== ======
(a) An insignificant amount of general and administrative services is
provided to the Angel.com business unit by MicroStrategy’s core
business operations.
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Core BI Business Angel.com Consolidated
—————- ——— ————
Six Months Six Months Six Months
Ended Ended Ended
June 30, June 30, June 30,
——– ——– ——–
2009 2008 2009 2008 2009 2008
—- —- —- —- —- —-
Revenues
Product licenses $37,454 $43,179 $- $- $37,454 $43,179
Product support
and other
services 124,730 126,476 – – 124,730 126,476
Angel.com
telephony
services – – 5,816 5,105 5,816 5,105
— — —– —– —– —–
Total revenues 162,184 169,655 5,816 5,105 168,000 174,760
——- ——- —– —– ——- ——-
Cost of Revenues
Product licenses 2,576 1,020 – – 2,576 1,020
Product support
and services
revenues 25,732 28,694 – – 25,732 28,694
Angel.com
telephony
services – – 2,290 900 2,290 900
— — —– — —– —
Total cost of
revenues 28,308 29,714 2,290 900 30,598 30,614
—— —— —– — —— ——
Gross profit 133,876 139,941 3,526 4,205 137,402 144,146
——- ——- —– —– ——- ——-
Operating Expenses
Sales and
marketing 59,648 60,195 2,239 3,977 61,887 64,172
Research and
development 17,139 16,995 1,868 1,532 19,007 18,527
General and
administrative 26,260 32,161 884 150(a) 27,144 32,311
—— —— — —- —— ——
Total operating
expenses 103,047 109,351 4,991 5,659 108,038 115,010
——- ——- —– —– ——- ——-
Income (loss) from
continuing
operations before
financing and
other income and
income taxes 30,829 30,590 (1,465) (1,454) 29,364 29,136
—— —— —— —— —— ——
Financing and Other
(Expense) Income
Interest income,
net 395 1,458 – – 395 1,458
Other expense,
net (1,204) (963) – – (1,204) (963)
—— —- — — —— —-
Total financing
and other
(expense)
income (809) 495 – – (809) 495
—- — — — —- —
Income (loss)
from continuing
operations
before income
taxes $30,020 $31,085 $(1,465) $(1,454) $28,555 $29,631
Provision for
income taxes 9,943 12,772
—– ——
Income from
continuing
operations 18,612 16,859
Discontinued
operations:
Gain from sale
of discontinued
operations,
net of tax 14,437 –
Loss from
discontinued
operations,
net of tax (107) (435)
—- —-
Discontinued
operations,
net of tax 14,330 (435)
——- ——-
Net income $32,942 $16,424
======= =======
Basic earnings
(loss) per share:
From
continuing
operations $1.57 $1.42
From
discontinued
operations $1.20 $(0.04)
—– ——
Basic
earnings
per share $2.77 $1.38
—– —–
Diluted earnings
(loss) per share:
From
continuing
operations $1.52 $1.36
From
discontinued
operations $1.17 $(0.03)
—– ——
Diluted
earnings
per share $2.69 $1.33
—– —–
Basic weighted
average shares
outstanding 11,893 11,897
====== ======
Diluted weighted
average shares
outstanding 12,237 12,351
====== ======
(a) An insignificant amount of general and administrative services is
provided to the Angel.com business unit by MicroStrategy’s core
business operations.
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
June 30, December 31,
2009 2008
—- —-
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $176,167 $122,915
Restricted cash and investments 1,523 619
Accounts receivable, net 41,604 49,670
Prepaid expenses and other current assets 8,053 9,518
Deferred tax assets, net 15,975 26,743
Assets held-for-sale – 4,964
— —–
Total current assets 243,322 214,429
Property and equipment, net 7,799 8,978
Capitalized software development cost, net 16,890 14,823
Deposits and other assets 35,518 36,804
Deferred tax assets, net 10,737 17,105
—— ——
Total Assets $314,266 $292,139
——– ——–
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $21,708 $27,697
Accrued compensation and employee benefits 33,284 42,634
Deferred revenue and advance payments 75,258 66,495
Deferred tax liabilities 524 –
Liabilities held-for-sale – 6,325
— —–
Total current liabilities 130,774 143,151
Deferred revenue and advance payments 3,013 1,679
Other long-term liabilities 9,744 9,268
—– —–
Total Liabilities 143,531 154,098
——- ——-
Stockholders’ Equity
Preferred stock undesignated, $0.001
par value; 5,000 shares authorized;
no shares issued or outstanding – –
Class A common stock, $0.001 par value;
330,000 shares authorized; 14,176 shares
issued and 9,129 shares outstanding, and
14,167 shares issued and 9,120 shares
outstanding, respectively 14 14
Class B common stock, $0.001 par value;
165,000 shares authorized; 2,770 issued
and outstanding 3 3
Additional paid-in capital 451,162 450,953
Treasury stock, at cost; 5,047 shares (366,191) (366,191)
Accumulated other comprehensive income 1,014 1,471
Retained earnings 84,733 51,791
—— ——
Total Stockholders’ Equity 170,735 138,041
——- ——-
Total Liabilities and Stockholders’ Equity $314,266 $292,139
——– ——–
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Six Months Ended
June 30,
——–
2009 2008
—- —-
Operating activities:
Net income $32,942 $16,424
Plus: (Income) loss from discontinued
operations, net (14,330) 435
——- —
Income from continuing operations 18,612 16,859
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 4,761 3,102
Bad debt expense 484 561
Deferred taxes 7,917 8,539
Stock-based compensation – 45
Excess tax benefits from stock-based payment
arrangements – (178)
Other, net (9) 32
Changes in operating assets and liabilities:
Accounts receivable 6,485 10,656
Prepaid expenses and other current assets 1,495 (1,142)
Deposits and other assets 137 (334)
Accounts payable and accrued expenses,
compensation and employee benefits (15,777) (6,091)
Deferred revenue and advance payments 9,692 8,345
Other long-term liabilities 464 1,198
— —–
Net cash provided by operating activities
from continuing operations 34,261 41,592
Net cash (used in) provided by operating
activities from discontinued operations (472) 472
—- —
Net cash provided by operating activities 33,789 42,064
—— ——
Investing activities:
Purchases of property and equipment (1,362) (1,770)
Capitalized software development costs (4,218) (2,862)
Decrease in restricted cash and investments 238 758
— —
Net cash used in investing activities from
continuing operations (5,342) (3,874)
Net cash provided by (used in) investing
activities from discontinued operations 24,546 (84)
—— —
Net cash provided by (used in) investing
activities 19,204 (3,958)
—— ——
Financing activities:
Distribution to Alarm.com minority shareholders (60) –
Proceeds from sale of class A common stock under
exercise of employee stock options 261 1,986
Excess tax benefits from stock-based payment
arrangements – 178
Purchases of treasury stock – (8,387)
— ——
Net cash provided by (used in) financing
activities from continuing operations 201 (6,223)
Net cash provided by financing activities
from discontinued operations – –
— —
Net cash provided by (used in) financing
activities 201 (6,223)
Effect of foreign exchange rate changes on
cash and cash equivalents 58 2,526
— —–
Net increase in cash and cash equivalents from
continuing operations 53,252 34,409
Cash and cash equivalents, beginning of period 122,915 85,194
——- ——
Cash and cash equivalents, end of period $176,167 $119,603
======== ========
SOURCE MicroStrategy Incorporated
http://www.microstrategy.com
Copyright (C) 2009 PR Newswire. All rights reserved
Source: MicroStrategy
SUBWAY
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that the SUBWAY® restaurant chain has selected MicroStrategy to provide enterprise-wide reporting and analytics for its extensive network of franchises, with over 31,000
McLean, Va. (July 28, 2009) –
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that the SUBWAY® restaurant chain has selected MicroStrategy to provide enterprise-wide reporting and analytics for its extensive network of franchises, with over 31,000 stores in 90 countries.
MicroStrategy-based reports and dashboards will provide SUBWAY® franchise owners and executives with critical sales performance data and key business metrics. With MicroStrategy, SUBWAY® users will be able to gain detailed insights into individual product sales by store and by time of day to better understand what they sell, when they sell it, and where they sell it. SUBWAY® users can drill down into reports and dashboards to view underlying data to identify sales trends and opportunities, and to make informed business decisions.
“Over an 18-month period, we evaluated all of the leading BI products and determined that MicroStrategy was the best choice for our enterprise-wide BI requirements,” said SUBWAY® Chief Technology Officer, Thys Van Hout. “With over 31,000 franchise stores, we were looking for a BI provider that could handle the vast amount of data that we collect. We were impressed with MicroStrategy’s data scalability, as well as its ease of use for our diverse user population and its low total cost of ownership.”
“MicroStrategy’s intuitive Web interface, robust reporting capabilities, and scalability are well-suited for SUBWAY and other leading retail chains with large volumes of data and thousands of BI users,” said Sanju Bansal, MicroStrategy’s Chief Operating Officer. “Our integrated BI platform enables retailers to analyze their data for enhanced insights into business areas such as sales trends, inventory management, and store operations. We are delighted that SUBWAY has selected MicroStrategy to support its enterprise-wide BI deployment.”
About the SUBWAY® Restaurant Chain
The SUBWAY® restaurant chain is the world’s largest submarine sandwich franchise, with over 31,000 locations in 90 countries. Headquartered in Milford, Connecticut, and with regional offices in Amsterdam, Beirut, Brisbane, Miami, and Singapore, the SUBWAY® chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965. The SUBWAY® brand was ranked the number one global franchise opportunity in Entrepreneur magazine’s 2009 “Annual Franchise 500” listing. For more information about the SUBWAY® chain, visit www.subway.com and www.subwayfreshbuzz.com.
SUBWAY® is a registered trademark of Doctor’s Associates Inc.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
Labor Noncompliance Rampant in Retail Market
Eye-opening research to be revealed during July 28 webinar
CHELMSFORD , Mass. (July 27, 2009) –
According to a new study from AMR Research, retailers are at high risk of labor noncompliance, such as government labor regulations and collective bargaining agreements. The study found that more than 50 percent of retailers have been found noncompliant with federal, state, and union regulations in the last 12 months. A July 28 webinar hosted by Kronos® Incorporated will present quantitative data about compliance risks and explore how workforce management solutions can help minimize risk for retailers.
News Facts
* The AMR Research study also found that:
o 47 percent of retailers receive complaints from employees regarding time and attendance data
o The average fine for noncompliance lawsuits in the last 12 months was $250,000
o 82 percent of time and attendance data corrections are made by someone other than the employee
o Retailers report a 3.5 percent decrease in payroll costs as a result of implementing a workforce management solution
o Retailers report that 3.8 percent of sales are lost due to non-optimized labor scheduling
* Failing to comply with labor regulations can lead to serious financial consequences and other repercussions such as: noncompliance lawsuits with substantial payouts for back pay and fines, audits by the Department of Labor and other agencies, reputation damages, union grievances, and employee-relations problems that result in low morale and costly turnover.
* Using a Kronos time and attendance, scheduling, absence management, or hiring solution to automate workforce management processes can help reduce compliance headaches and minimize associated risks through centralized policy administration, local policy application, and detailed audit tracking.
* Kronos now offers a new Compliance Support Kit (CSK), which helps organizations more easily comply with state, local, union, and company policies, and protects retailers against grievances related to managers “shaving time”. A specific timecard attestation tool requires that employees approve their timecard if any edits have been made. By accessing real-time labor data including missed punches, breaks, and overtime status at the Kronos 4500(TM) data collection terminal or online using a web-based tool, managers can take corrective actions to resolve potential issues leading to noncompliance.
* The “AMR Research Study: Labor Compliance and Management” webinar will be held at 1:30 p.m. Eastern on Tuesday, July 28. Speakers include Janet Sherlock, research director of retail at AMR Research, as well as speakers from Payless ShoeSource. Register here: Compliance Webinar Registration.
Supporting Quotes
*
Janet Sherlock, research director, retail, AMR Research
“According to the study, the average noncompliance fine over the last 12 months was $250,000. Minimizing this risk alone can justify the purchase of an automated workforce management solution.”
*
Kara Barker, director, retail industry marketing, Kronos
“Retailers cannot afford to ignore labor compliance. We strongly encourage at-risk retailers to explore how achieving complete automation of workforce management processes can alleviate a myriad of compliance concerns.”
About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.
© 2009 Kronos Incorporated. Kronos is a registered trademark and Kronos 4500 is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Source: Kronos
Patterson Companies Expands Deployment of MicroStrategy for Enhanced Reporting and Analytics
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Patterson Companies, Inc. (Nasdaq: PDCO) has expanded its deployment of MicroStrategy software to support multiple new BI applications. Patterson Companies is a valu
McLean, Va., (July 23, 2009) –
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Patterson Companies, Inc. (Nasdaq: PDCO) has expanded its deployment of MicroStrategy software to support multiple new BI applications. Patterson Companies is a value-added distributor serving the dental, companion-pet veterinarian, and rehabilitation supply markets.
Sales representatives, sales managers, and business analysts at Patterson Dental, the largest business of Patterson Companies, use MicroStrategy for detailed insights into product sales. The expanded relationship with MicroStrategy will provide enhanced reporting and analytics for Patterson Dental personnel, as well as new BI applications for the Webster Veterinary Supply and Patterson Medical businesses. MicroStrategy will be used by managers, field sales personnel, and marketing and financial analysts to report on and analyze marketing programs, customer retention, product sales, and sales commissions.
“After reviewing the other BI products available on the market, it was clear that expanding our relationship with MicroStrategy was the right choice,” said Lynn Askew, Vice President of Information Services for Patterson Companies. “MicroStrategy’s flexible platform, ‘speed-to-value,’ and long-term relationship with Lancet Software were all important factors in our selection.”
“MicroStrategy’s integrated BI platform delivers user-friendly reports and dashboards that are valuable tools for monitoring key metrics, identifying trends, and making data-driven business decisions,” said MicroStrategy’s COO, Sanju Bansal. “We are delighted that Patterson Companies chose MicroStrategy to support the expansion of its BI environment.”
About Patterson Companies, Inc.
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. As Patterson’s largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America. Webster Veterinary is the nation’s second largest distributor of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals to companion-pet veterinary clinics. Patterson Medical is the world’s leading distributor of rehabilitation supplies and non-wheelchair assistive patient products to the physical and occupational therapy markets. The unit’s global customer base includes hospitals, long-term care facilities, clinics and dealers.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
LinkedIn Chooses MicroStrategy as its Enterprise Business Intelligence Provider
Worldâ??s Largest Professional Network to Use MicroStrategy for Enhanced Insights into Member Dynamics
McLean, Va., (July 15, 2009) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that LinkedIn has selected MicroStrategy for reporting and analytics. LinkedIn is the world’s largest professional network with more than 41 million members.
“LinkedIn is an extremely popular business networking site, and we are pleased to support its BI deployment,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy’s advanced analytics, scalability, and intuitive reporting features serve as critical tools for Web 2.0 companies that are committed to improving business performance and customer service.”
About LinkedIn
LinkedIn takes your personal business network online, giving you access to people, jobs and opportunities like never before. Built upon trusted connections and relationships, LinkedIn has established the world’s largest and most powerful business network. Currently, over 41 million professionals are on LinkedIn, representing all five hundred of the Fortune 500 companies, as well as a wide range of household names in technology, financial services, media, consumer packaged goods, entertainment, fashion, and numerous other industries. LinkedIn is backed by world-class investors including Sequoia Capital, Greylock Partners, the European Founders Fund, Bessemer Venture Partners, Bain Capital Ventures and now Goldman Sachs, The McGraw-Hill Companies, and SAP Ventures.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
Actuate Makes Fortune’s Elite list of Top 100 Small Businesses for 2009
Actuate One of Only Eleven Technology Companies to Achieve the Honor for the Past Two Consecutive Years
San Mateo, Calif., (July 14, 2009) –
Actuate Corporation (NASDAQ: ACTU), the people behind BIRT(TM), today announced that for the second year running, Actuate is being honored on FORTUNE magazine’s annual list of the 100 fastest growing, public companies in America. Every year, the editors of FORTUNE Small Business analyze public companies with annual revenues of less than $200 million and a stock price greater than $1 to determine which of these businesses are achieving the most rapid growth and success year over year. The companies are selected based on growth in earnings per share, revenues and stock performance over the past three years.
Through its award program FORTUNE honors elite public companies, such as Actuate, that are thriving despite the current economic downturn. Technology companies continue to dominate the FSB 100, with 30 technology companies making the list in 2009 vs. 25 in 2008. Actuate, having achieved the prestigious honor two years in a row, attributes its ongoing success to Eclipse BIRT, the premier rich information application development environment and top level Eclipse project founded and co-led by Actuate. As the basis of its commercial software offerings, BIRT is a growth driver of Actuate revenue.
“We stand firmly behind BIRT and are pleased that the growth and innovation we’ve seen in the BIRT community has been an active catalyst for Actuate’s continued success,,” said Pete Cittadini, president and chief executive officer at Actuate. “We have seen significant growth in our BIRT related activity, which allowed us to virtually double our BIRT related business in 2008. We are extremely pleased to be receiving this accolade for the second consecutive year, and I firmly believe it is a testament to the innovation and enthusiasm in the BIRT community combined with the incredible team we have here at Actuate. .
The FSB 100 list appears in the July/August issue of FORTUNE Small Business, available online now at http://money.cnn.com/magazines/fsb/fsb100/2009/full_list/.
About FORTUNE Small Business
FSB: FORTUNE Small Business is the premier magazine for – and about – small business owners, with the largest audience and rate base in the small business category. Through a partnership with American Express, FSB is distributed 10 times a year and reaches 1 million owners and partners of leading small businesses. With unmatched resources and access to the industry’s most innovative thinkers, FSB delivers best practices, connects small business owners to a community of their peers and arms them with the inspiration and actionable advice they need to succeed. FSB, along with FORTUNE, Money, and the Website CNNMoney.com, is part of The Fortune|Money Group. Time Inc. is a division of Time Warner, a leading media and entertainment company.
Actuate – the people behind BIRT
Actuate founded and co-leads the Eclipse BIRT open source project. ActuateOne is a unified suite of products for rapidly developing and deploying BIRT-based custom Business Intelligence applications and information applications. Applications built with ActuateOne provide one user experience regardless of task or skill level; are supported by one server for any deployment including cloud and are built with one BIRT design that can access and integrate any data source – including high volume print streams. ActuateOne adds rich data visualizations, including interactivity, dashboards, analytics, and deployment options to web and mobile BIRT applications, helping organizations drive revenue through higher customer satisfaction and improved operational performance.
Actuate has over 4,700 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate is headquartered in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol BIRT. For more information, visit the company’s web site at www.actuate.com or visit the BIRT community at www.birt-exchange.com.
Copyright © 2011 Actuate Corporation. All rights reserved. Actuate and the Actuate logo are registered trademarks of Actuate Corporation and/or its affiliates in the U.S. and certain other countries. All other brands, names or trademarks mentioned may be trademarks of their respective owners.
Source: Actuate
Manufacturers Turn to Kronos
The ability to easily track and manage employee time and attendance in real time is a deficiency that has existed in ERP systems for years. To fill this void, manufacturers are turning to Kronos® Incorporated.
CHELMSFORD, Mass. (July 13, 2009) –
The ability to easily track and manage employee time and attendance in real time is a deficiency that has existed in ERP systems for years. To fill this void, manufacturers are turning to Kronos® Incorporated.
News Facts
* Nucleus Research has found that organizations achieve a greater ROI by adopting Kronos rather than ERP products for time and attendance because they can deploy faster, better reduce their payroll error rate, and reduce application costs.
* Because ERPs cannot provide real-time insight to machines, labor, and Work-in-Process (WIP), labor-related problems can go undetected and unresolved for days. Kronos provides information that is granular, real time, and comprehensive, so users always know they’re working with the most current and valuable information regarding their workforce.
* Most manufacturers have pay rule environments with complexity, such as multiple states, shift differentials, and collective bargaining agreements. Many manufacturers have found that ERP systems cannot handle this complexity without costly customization.
* Manufacturers such as Briggs & Stratton Power Products, Georgia-Pacific, STIHL, and Wabash National Corporation use Kronos time and attendance solutions to extend the value of their ERP investment.
Supporting Quotes
* John Russo , senior business systems analyst, Elliott Company
“By interfacing our Kronos time and attendance and activities applications with our ERP system for updates every 15 minutes, supervisors can view real-time data on jobs, operations, work centers, labor hour standards, and labor expended. The Kronos solution seamlessly interacts with our Oracle ERP system.” Elliott Company is a large capital goods manufacturer serving a worldwide market.
* Cheng Wen, CIO, Heat and Control, Inc.
“While our ERP system has provided us value with a range of back-office processes, we realized that we needed a best-of-breed time and attendance solution to truly drive performance. Since implementing Kronos, we haven’t worried about costly customization, and have enjoyed substantial bottom-line results.” Heat and Control, one of the world’s leading manufacturers of food processing and packaging equipment, uses Kronos in Australia, China, Mexico, and the U.S.
* Barbara Pittman, HRIS manager, Northwest Pipe Company
“We have dispersed locations and a diverse set of employees and there is one product that has an expectation of 100-percent quality and on-time delivery every time – the paycheck. The more pay rules a time and attendance system can handle, the greater the reduction in payroll error. This is why we opted for Kronos.” Northwest Pipe Company, manufacturer of welded steel pipe and other products, is headquartered in Vancouver, Wash., and has 10 manufacturing facilities across Mexico and the U.S.
* Gregg Gordon, senior director of manufacturing industry marketing, Kronos
“Many manufacturers who use ERP systems are coming to realize that their payroll system is only as good as the data that goes into it. Time and attendance data collection is a common weak point in any corporate infrastructure, one that usually escapes detection and can leak hundreds, thousands, or even millions of dollars each year. Kronos can help by extending the value of an ERP system. We help manufacturers control labor costs, minimize compliance risk, and improve workforce productivity.”
Supporting Resources
* i121 – Report – “Extend the Value of Oracle to Labor Management,” Nucleus Research, 2009 (see Report)
* Kronos offers an integration tool, which makes it easy for organizations to integrate Kronos applications with existing ERP, payroll, and human resources systems (see “Kronos Announces Availability of Workforce Central 6.1”)
* Kronos offers a machine resource tracking capability for manufacturers (see Kronos Enables Manufacturers to Reconcile Labor and Machine Utilization to Drive Operational Efficiency)
About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.
© 2009 Kronos Incorporated. Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Source: Kronos
MicroStrategy to Host Informational Events in India
Program to Showcase MicroStrategy 9 and its Support for the Full Range of Business Intelligence Applications
McLean, (July 09, 2009) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will host a series of informational events in seven cities in India. The events will provide an overview of MicroStrategy’s latest software release, MicroStrategy 9, and how it can provide valuable business insights that can help companies improve decision making, increase productivity, streamline operations, and enhance business performance.
Attendees at the events will learn about many of the new features in MicroStrategy 9, the company’s most significant software release in nearly a decade. MicroStrategy 9 extends the performance, scalability, and efficiency of enterprise BI; enables the rapid deployment of departmental BI applications; and provides a seamless consolidation path from departmental BI to enterprise BI. Participants will hear about new products and capabilities in MicroStrategy 9 that support both large, enterprise-wide BI deployments, as well as smaller-scale BI systems for departments and workgroups.
Nine dinner events will be held from July 14, 2009 through July 31, 2009:
July 14 – Mumbai, ITC Maratha
July 15 – Pune, Le Meridien
July 17 – New Delhi, InterContinental Eros Nehru Place
July 21 – Hyderabad, Hotel Taj Krishna
July 23 – Bangalore, Taj Residency
July 24 – Chennai, Sheraton Chola
July 28 – Ahmedabad, Le Meridien
July 29 – Mumbai, Grand Hyatt
July 31 – New Delhi, InterContinental Eros Nehru Place
Sybase, a MicroStrategy technology partner, will be supporting the events, and participants will hear how MicroStrategy and Sybase combine their core expertise in BI, data integration, and data warehouse technologies to help customers efficiently manage their data and rapidly gain insights into business performance. In addition, MicroStrategy reseller partners, InfoCepts, InfoSTEP, Lunexa, OBSI, and Systech, will be co-sponsoring the events.
“India is a vibrant market for business intelligence and we look forward to this series of events, which will provide attendees with practical information to enhance their organization’s BI initiatives,” said Sanju Bansal, MicroStrategy COO. “These events will demonstrate how companies can empower business users with extensive self-service capabilities, graphically display key business information for actionable insights, and extend BI from small, individual applications into a cohesive enterprise BI operation.”
To learn more about the MicroStrategy events in India, visit www.microstrategy.com/india-roadshows/.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 9 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Announces Enhanced Support for Data Mining Services
First BI Platform Vendor to Support the New Data Mining Standard, PMML 4.0
McLean, Va. (July 07, 2009) –
MicroStrategy Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that it has enhanced its predictive analytics capabilities with support for the newest version of the data mining industry’s leading standard, PMML 4.0.
The Predictive Model Markup Language (PMML) standard is developed by Data Mining Group (DMG), an independent consortium of over two dozen leading technology companies, including MicroStrategy. The PMML standard describes how predictive models work and it makes the models easy to share across the organization for improved decision-making. This XML-based standard makes the integration of data mining models between MicroStrategy and other data mining applications possible.
Data mining is an organic part of the MicroStrategy architecture that enables users to discover hidden patterns and predictive information in the data through standard enterprise reports and dashboards. While BI provides deep insight into historical data, data mining uses this information to help companies forecast future events. With MicroStrategy, users can easily deploy complex data mining models and include the results of these models in a variety of BI applications, such as call center analyses, customer relationship management, and financial budgeting and forecasting.
An active member of DMG since 2004, MicroStrategy has provided guidance and leadership to set the PMML standard and continues to maintain its support for open platform standards, cross-vendor interoperability, and high data integrity. Along with existing data mining models, MicroStrategy 9 includes new capabilities, such as the Time Series model, which is used to forecast results along a given timeline, and the Association Rules model, which is helpful for discovering relationships in databases and recommending products that customers are most likely to purchase.
Companies use MicroStrategy and PMML for a wide range of predictive applications:
* A leading office supply company devised customer retention strategies using predictive PMML models and MicroStrategy to analyze customer attrition information to identify customers most likely to defect and the reasons why.
* A major magazine publisher developed data mining models to predict subscription volume and circulation changes, and to manage marketing campaigns to attract new subscribers.
* A European mobile telecom company identified its most valuable customers and high potential new customers by feeding customer history into MicroStrategy-based PMML models.
* A large shipping and logistics company maximized profits by using PMML models to score revenue opportunities and MicroStrategy to access model input data and present model results.
“MicroStrategy is committed to innovations in advanced analytics for our customers, and we are pleased to have been actively involved in defining the standards for the release of PMML 4.0 and to be the first BI platform vendor to support it,” said Sanju Bansal, MicroStrategy COO. “Through our support of open standards like PMML, MicroStrategy provides its customers with the flexibility to deploy advanced analytics throughout the enterprise to gain valuable insight into key business areas, including customer segmentation, sales forecasts, churn analysis, and market-basket analysis.”
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy 9 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy