Latest Business Intelligence News

ITWorx Signs Global Consulting Agreement with MicroStrategy

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ITWorx has signed a global consulting agreement with MicroStrategy. ITWorx, the largest professional services firm headquartered in Egypt, offers Portals, Business I

McLean, Va., (June 18, 2008) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ITWorx has signed a global consulting agreement with MicroStrategy. ITWorx, the largest professional services firm headquartered in Egypt, offers Portals, Business Intelligence, SOA, and Application Development Outsourcing services to Global 2000 companies.

Under the new agreement, ITWorx plans to train and certify its consultants on the MicroStrategy Business Intelligence Platform(TM). The agreement will enable ITWorx to use MicroStrategy software for development and demonstration purposes, and to promote MicroStrategy-based solutions to its enterprise customers. ITWorx, which operates in the Middle East, North America, and Europe, delivers solutions to financial service firms, telecommunications operators, educational institutions, and ISVs.

“MicroStrategy is a leader in the business intelligence arena and we are pleased to introduce the benefits of MicroStrategy’s proven solutions to our customers,” said Hafez Hamdy, Marketing Director, ITWorx. “MicroStrategy’s integrated BI platform and wide range of reporting and analytical capabilities are well-suited for our enterprise customers, who are continually seeking to gain greater business insights from their large volumes of data.”

“We are delighted to add ITWorx to our portfolio of global services partners,” said Sanju Bansal, MicroStrategy’s COO. “This agreement will extend our global reach and we look forward to identifying new business opportunities with ITWorx.”

About ITWorx
ITWorx is the largest software professional services firm in Egypt. The company offers Portals, Business Intelligence, SOA and Application Development Outsourcing services to Global 2000 companies. ITWorx serves Financial Service firms, Educational institutions, Telecommunication operators and ISVs in North America, Europe and the Middle East. For further information please visit www.itworx.com

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

Tags: MicroStrategy

MicroStrategy Celebrates 10-Year Anniversary as Public Company

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will celebrate its 10-year anniversary as a public company on June 11, 2008. MicroStrategy Chairman and CEO, Michael Saylor, will ring the Opening Bell at NASDAQ

McLean, Va., (June 10, 2008) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will celebrate its 10-year anniversary as a public company on June 11, 2008. MicroStrategy Chairman and CEO, Michael Saylor, will ring the Opening Bell at NASDAQ to commemorate the occasion.

MicroStrategy first entered the business intelligence industry in 1989, and has since competed with more than 50 other business intelligence vendors. Over the years, many of those companies have been bought, sold, or shut down, including Information Resources, Applix, STG, Brio, Crystal, ProClarity, Alphablox, Outlooksoft, Informix, and Metaphor. In 2007, more than $15 billion in business intelligence mergers and acquisitions were announced, with Oracle, SAP, and IBM acquiring Hyperion, Business Objects, and Cognos, respectively. Today, MicroStrategy stands as the leading independent provider of open systems business intelligence software.

Since 1998, MicroStrategy’s annual revenues have grown from $96 million to $351 million and the number of employees has increased from 907 to 1,582. Today, the company has direct operations in more than 20 countries. MicroStrategy’s technology and leadership have earned many accolades over the years, including recent recognition in Forbes 200 Best Small Companies in America list and a position in the ‘Leaders’ Quadrant of Gartner’s 2008 Magic Quadrant for Business Intelligence Platforms Report.

MicroStrategy’s business intelligence software is used by thousands of companies, including industry leaders such as Lowe’s Companies, Yahoo!, H&R Block, Ryder, Hard Rock International, Corporate Express, Starwood Hotels & Resorts Worldwide, and Starbucks. Companies with vast amounts of data and large user populations rely on MicroStrategy to report on and analyze their data to make analytically-based business decisions.

“We are proud of our company’s steady growth over the past decade and our strong position in the BI industry today,” remarked Saylor. “We are excited about leveraging our strengths as an independent business intelligence company. MicroStrategy remains keenly focused on delivering the best business intelligence architecture and products, and providing a high level of service to our customers.”

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

Tags: MicroStrategy

MicroStrategy’s Business Intelligence Platform Brings Greater Benefits to Control Point Solutions’ Clients

Control Point Solutions, Inc., (www.controlpointsolutions.com), the Worldâ??s Largest Manager Of Telecom Expenseâ?¢, announced the unveiling of its newest reporting system upgrade today. The enhanced web-based reporting system utilizes the MicroStrategy Business Intelligence Platformâ?¢, which will

Rutherford, NJ., (June 04, 2008) –

Control Point Solutions, Inc., (www.controlpointsolutions.com), the World’s Largest Manager Of Telecom Expense(TM), announced the unveiling of its newest reporting system upgrade today. The enhanced web-based reporting system utilizes the MicroStrategy Business Intelligence Platform(TM), which will enable users to analyze large volumes of data for greater insights and improved decision making.

“The powerful MicroStrategy platform delivers enhanced analytics at both an executive as well as a granular level,” Bob McMullan, CEO of Control Point, stated. “These potent analytical capabilities accessed via the web will save our clients both time and resources, as well as provide depth of visibility to monitor and control telecom expenses for better financial savings. Telecom data is extremely detailed; and our latest enhancement increases the ability to quickly obtain ‘at-a-glance’ summaries as well as drill down capabilities and modeling. This allows users to analyze key information including inventory and billing details for all types of Telecom spend – whether it’s voice, data or wireless; for charges at an entire location all the way down to the USOC billing for a specific service component whether at the consolidated or business unit levels.”

“We are delighted that Control Point selected MicroStrategy to support their Telecommunications Expense Management BI applications,” said Sanju Bansal, MicroStrategy’s COO. “The MicroStrategy platform has the scalability and flexibility to analyze large volumes of complex and detailed Telecom Inventory and Expense data. With the addition of MicroStrategy, Control Point’s clients can gain timely insights into their overall Telecom program to enhance decision making.”

“We’re very excited about this release,” McMullan added, “because it brings industrial strength, world-class business intelligence to our clients’ business users, and sets a new standard for TEM reporting with the seamless integration of reporting and analysis. This ability to improve our data mining capabilities is another example of our ongoing commitment to continually improve our service offering, and continue to drive client satisfaction.”

About Control Point Solutions
Control Point Solutions, Inc., founded 20 years ago, is the World’s Largest Manager of Telecom Expense(TM); providing voice, data, and wireless Telecommunications Expense Management (TEM) services with billions of telecom expenses processed and millions of dollars in disputes resolved – resulting in refunds and recurring financial, time and resource savings for our clients. www.controlpointsolutions.com (800-933-5429.)

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

Tags: MicroStrategy

MicroStrategy Congratulates Ahold on Top Business Intelligence Award at BI-Congress

Long-time MicroStrategy Customer Recognized as â??Smartest Organization in the Netherlandsâ??

McLean, Va., (May 28, 2008) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today congratulates its customer, Ahold, for receiving the top Business Intelligence Award at the BI-Congress in the Netherlands. Albert Heijn, a supermarket division of Ahold, was named ‘the smartest organization in the Netherlands’ for its enterprise-wide business intelligence environment. Netherlands-based Ahold uses MicroStrategy to conduct sales and customer analyses at its Albert Heijn supermarkets and other Ahold holdings in Europe and the United States.

In selecting the award winner, more than 120 companies were researched on 60 different topics considered key elements in creating an intelligent organization. Albert Heijn uses business intelligence across its 750 stores in areas including merchandising, logistics, marketing, replenishment, store operations, supply chain, transaction reporting, and customer satisfaction.

Approximately 3,000 employees at Albert Heijn use MicroStrategy to analyze more than 18 terabytes of data, running 150,000 reports each week. Albert Heijn also provides an extranet for suppliers to run daily sales analyses, and its customers can shop online and review their purchase history for the previous three months.

“We are pleased to receive this prestigious award recognizing our best practices in business intelligence,” said Egbert Dijkstra, Director of Business Intelligence, Ahold Europe. “Information is a valued corporate asset at Ahold, and MicroStrategy’s BI software has helped us to gain better and faster business insights, giving us a competitive edge.”

“Ahold has been a MicroStrategy customer for many years, and we are delighted that they received this award for their exceptional use of business intelligence,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy is well-suited to handle the millions of cash register transactions each week from Albert Heijn stores, enabling users to conduct detailed sales and customer analyses to make data-driven decisions.”

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

Tags: MicroStrategy

Carpio to Resell MicroStrategy Software

Alliance Brings Together Complementary Technologies for Business Intelligence and Corporate Performance Management

McLean, VA and Cary, NC (May 20, 2008) –

MicroStrategy, a leading worldwide provider of business intelligence (BI) software, and Carpio, a global provider of CPM and BI solutions, today announced that Carpio has become an authorized Global reseller of the MicroStrategy Business Intelligence Platform(TM).

Carpio will provide MicroStrategy’s business intelligence software to its global client base and utilize MicroStrategy as part of its BI services offering. The integration of MicroStrategy’s BI platform and Carpio’s GesFin planning software into a combined solution enables the delivery of CPM functionality with advanced BI visualizations, providing end users with improved decision making capabilities.

“We are pleased to have Carpio incorporate MicroStrategy software into their offering,” said Sanju Bansal, MicroStrategy’s chief operating officer. “Carpio provides an out of the box CPM application that tightly integrates the MicroStrategy Business Intelligence Platform.”

“In addition to our CPM product and related services, Carpio has established a dedicated MicroStrategy BI practice to expand the scope of our offerings,” adds Marco Fregenal, chief executive officer of Carpio. “Our BI service delivery centers will tackle large MicroStrategy BI and CPM projects. Using our dual shore delivery model, infrastructure, and blended resource teams from the US and Latin America, we can offer services and turnkey solutions at the best possible value to our joint customers.”

About Carpio
Carpio is a global provider of CPM and BI solutions headquartered in Research Triangle Park with global operations in USA, Brazil, Mexico and Panama. Carpio is focused on delivering operational and financial efficiencies through its specialized software and service offerings. Carpio’s CPM software products improve budgeting, planning, forecasting, modeling, consolidation, and reporting. Carpio also provides a wide range of IT services via its Dual Shore delivery approach to implement the highest quality solutions at the lowest possible cost. Carpio’s service practice areas include CPM, BI, ERP, Custom Solution Development, and Business Process Outsourcing. For more information, please visit www.carpio.com.

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 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

Tags: MicroStrategy

ChoHung Bank Selects MicroStrategy for Enterprise-Wide Reporting & Analysis

200+ Employees Reporting on Credit, Risk Analysis

McLean, VA (May 18, 2008) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that ChoHung Bank has selected the MicroStrategy Business Intelligence Platform(TM) for enterprise-wide reporting and analysis. Founded in 1897, ChoHung Bank is the oldest bank in Korea, with over KRW5.4 trillion won in revenue reaching an estimated 10 million customers through approximately 560 domestic and international branch locations.

Approximately 200 employees perform reporting and analysis on customer credit management, risk management and marketing information against a 1-terabyte Sybase data warehouse. In addition, ChoHung Bank is able to better track its customers’ credit habits and activities, uncovering new revenue generating opportunities through targeted up-sell campaigns. ChoHung Bank plans to create future applications to enhance their risk management analysis and to report on employee productivity and performance.

“With our MicroStrategy-based solution, we’ve been able to increase operational efficiencies by providing our employees with easy-to-use tools that enable them to analyze and report on critical information promptly without relying on an IT department,” said Jung-Bin Shin, Assistant Manager of IT Development Team. “Our employees can create personalized reports to more efficiently identify and analyze only the information that is important to them.”

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,600 enterprise-class customers, including General Motors, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, HP, and Teradata, a division of NCR. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at http://www.microstrategy.com.

This press release may include statements that may constitute “forward-looking statements,” including its 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 7i 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; 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.

MicroStrategy, MicroStrategy Business Intelligence Platform, MicroStrategy Report Services, MicroStrategy 7, MicroStrategy 7i, MicroStrategy Office 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Country Road Standardizes on MicroStrategy Software for all its Enterprise-wide Reporting

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Country Road Australia has expanded its use of MicroStrategyâ??s Business Intelligence Platformâ?¢ as its BI tool for all reporting within the business.

Melbourne, Victoria, Australia (May 13, 2008) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Country Road Australia has expanded its use of MicroStrategy’s Business Intelligence Platform(TM) as its BI tool for all reporting within the business. Country Road designs and retails quality lifestyle products including womenswear, menswear, accessories, childrenswear and homeware. Renowned for its commitment to style, quality and design, its fashion ranges are a celebration of all that’s vibrant and exciting about modern Australian living.

As its primary reporting tool Country Road are using a range of MicroStrategy applications across the business including Sales and Profitability Analysis, Store Operations Analysis, Merchandise Management, Inventory Management, Supplier Performance Management and Market Basket Analysis. “Before MicroStrategy, much of this reporting was done using Excel.” said David von Blanckensee, IT Manager – Business Information Systems at Country Road.

There are 200 users in total across all areas of the business. Executives and Store Managers will receive automated reports on sales and products on a daily basis. Merchandise Managers and Supply Chain analysts receive automated reporting with the added benefit of drill down and ad hoc analysis capabilities.

“Our goal is to leverage MicroStrategy’s ease of use, its reliability and ability to provide consistent sets of data across the company. The net result will be that the insight derived from the data will allow us to spend more time on the business planning” said Mr von Blanckensee.

“We chose to significantly expand our use of MicroStrategy because it provides an integrated platform for all our BI needs and scalability to handle the large amounts of data we collect from various sources across the business” explained Mr von Blanckensee.

“MicroStrategy is a natural fit for Country Road as its scalable platform enables retailers/manufacturers like Country Road to analyse vast amounts of data for vital intelligence into business areas such as sales trends, inventory management, store operations, and customer loyalty” said MicroStrategy’s President Asia Pacific, Terence Chan. “Our platform delivers comprehensive reports and analyses that can serve as critical tools for companies committed to improving operational efficiencies and enhancing business performance. We are proud to count Country Road as a MicroStrategy customer.”

About Country Road Australia
Country Road is an Australian based company that owns and operates retail stores in Australia and New Zealand. It also operates concession outlets in major department stores chains in Australia and South Africa. For more information about Country Road, visit www.countryroad.com.au.

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 organisations 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

Tags: MicroStrategy

MicroStrategy Selected by eHarmony for Enhanced Enterprise Reporting and Analytics

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that it will be working with eHarmony, the Internetâ??s #1 trusted relationship services provider, for enterprise-wide reporting and analytics.

McLean, Va. (May 06, 2008) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that it will be working with eHarmony, the Internet’s #1 trusted relationship services provider, for enterprise-wide reporting and analytics.

MicroStrategy will be used at eHarmony by its executive management team, managers, and business analysts to monitor key performance metrics. With user-friendly reports, scorecards, and dashboards, MicroStrategy enables the analysis of customer satisfaction, marketing initiatives, and new product features to allow eHarmony to identify trends and drive business growth. The MicroStrategy-based application will give eHarmony a high-level view of performance data, as well as the ability to drill down into the metrics to identify areas for improvement. MicroStrategy was selected for its intuitive user interface, powerful analytics, and flexibility to slice and dice data across multiple dimensions.

“As a high growth business, we are extremely excited about our relationship with MicroStrategy,” said Greg Waldorf, CEO, eHarmony. “World-class analytics are important and MicroStrategy is a cost efficient way to address our expanding BI requirements.”

“eHarmony is a highly popular online site, and we are delighted that it selected MicroStrategy for its business intelligence initiatives,” said MicroStrategy COO, Sanju Bansal. “The MicroStrategy platform delivers content-rich reports and analyses that are valuable tools for companies that are committed to improving business performance.”

About eHarmony
Pasadena-based eHarmony (www.eharmony.com) launched in 2000 and is the Internet’s No. 1 trusted relationship services provider. eHarmony creates compatible matches based on traits that are scientifically proven to predict happier, healthier relationships. In 2007 eHarmony was ranked No. 5 in Deloitte’s prestigious Technology Fast 50 Program and in 2008 eHarmony won the prestigious Entretech Annual Entrepreneurship Award in the Growth Company Category.

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

Tags: MicroStrategy

MicroStrategy Announces First Quarter 2008 Financial Results

License Revenue Increases 33% and First Quarter Revenue from Continuing Operations Up 20%, Year-Over-Year

MCLEAN, Va., (May 01, 2008) –

MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended March 31, 2008 (the first quarter of its 2008 fiscal year).

First quarter 2008 revenue from continuing operations was $83.5 million versus $69.4 million for the first quarter of 2007, a 20% increase. This marked the twenty-first consecutive quarter of year-over-year revenue growth. Product licenses revenues for the first quarter of 2008 were $22.1 million versus $16.7 million for the first quarter of 2007, a 33% increase. In March 2008, MicroStrategy closed a transaction with a leading global financial services company that included $4.0 million in product license revenue recognized during the first quarter of 2008. Product support and other services revenues for the first quarter of 2008 were $61.4 million versus $52.7 million for the first quarter of 2007, a 17% increase. In order to focus its resources on its core business intelligence software and services business, the Company plans to sell its Alarm.com and Angel.com businesses. Accordingly, financial results for Alarm.com and Angel.com have been reclassified as discontinued operations.

Operating expenses from continuing operations for the first quarter of 2008 were $55.1 million versus $42.2 million for the first quarter of 2007, a 31% increase. The increase in first quarter operating expenses was primarily due to an increase in the worldwide employee headcount of the Company’s core business intelligence business as it continued to expand its worldwide sales and services organization and administrative and IT support functions. First quarter general and administrative expenses included a $2.3 million non-recurring charge related to ongoing litigation. In addition, MicroStrategy did not capitalize any software development costs during the first quarter of 2008 as compared to $2.4 million in software development costs capitalized during the first quarter of 2007, which reduced research and development expenses during the 2007 period. Consolidated income from continuing operations for the first quarter of 2008 was $14.4 million, or 17% of revenue, versus $15.6 million, or 23% of revenue, for the first quarter of 2007. Net income for the first quarter of 2008 was $8.3 million, or $0.67 per share on a diluted basis, compared to $9.8 million, or $0.75 per share on a diluted basis, for the first quarter of 2007. MicroStrategy’s net income for the first quarter of 2008 includes a $0.8 million loss from discontinued operations, or $0.07 per share on a diluted basis, compared to a $0.6 million loss in the first quarter of 2007, or $0.04 per share on a diluted basis.

During the first quarter of 2008, MicroStrategy repurchased 79,200 shares of its class A common stock for $5.4 million at an average price per share of $67.75, including broker commissions. MicroStrategy today announced that its Board of Directors modified the Company’s 2005 share repurchase program (the “2005 Repurchase Program”) to increase the amount of class A common stock that MicroStrategy is authorized to repurchase under the 2005 Repurchase Program from $300 million to $800 million in the aggregate. The term of the 2005 Share Repurchase Program was also extended until April 29, 2013, although the program may be suspended or discontinued by the Company at any time. As of March 31, 2008, the Company had repurchased an aggregate of 2,430,265 shares of its class A common stock at an aggregate cost of $233.3 million under the 2005 Repurchase Program. The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. The 2005 Repurchase Program may be funded by using the Company’s working capital, as well as proceeds from any credit facilities and other borrowing arrangements which the Company may enter into in the future. As of March 31, 2008, MicroStrategy had cash and cash equivalents of approximately $99.9 million. As of March 31, 2008, MicroStrategy had 9,108,616 shares of class A common stock and 2,770,244 shares of class B common stock outstanding.

“We are pleased with our first quarter results given a challenging economic environment, with core BI revenues up 20% from Q1 of 2007,” said Arthur S. Locke, III, MicroStrategy’s Executive Vice President, Finance & Chief Financial Officer. “Our services organization delivered strong performance as we continued to grow our global business capacity with a renewed emphasis on serving our customers and working with them to help ensure that their investment in MicroStrategy software is a success.”

“With the recent acquisitions of Cognos by IBM and Business Objects by SAP, MicroStrategy is now the leading independent provider of open systems business intelligence,” said Michael J. Saylor, MicroStrategy’s Chairman and CEO. “We believe that our independence provides us with a significant competitive advantage, allowing us to provide our customers with best in class software and services optimized across a broad range of databases and applications,” continued Mr. Saylor. “We intend to exploit this competitive advantage aggressively in the marketplace.”

New Customers and New Deals with Existing Customers in Q1 2008 Included:

Amica Mutual Insurance; BJ’s Wholesale Club; Bluegreen Corp.; BMC West Corporation; Burlington Coat Factory; Capital Group Companies; Capitol Indemnity Corporation; CommonHealth, LP; CSK Auto Corporation; EDS / Navy; Idearc Media Corp.; Katz Group Canada Ltd.; LowerMyBills.com; Lund Food Holdings, Inc.; MapQuest, Inc.; Memorial Sloan Kettering Cancer Center; Monaco Coach Corporation; Nu Skin Enterprises; Ohio Department of Education; Payless ShoeSource Worldwide, Inc.; Raley’s, Inc.; Republic National Distributing Company; Ross Stores, Inc.; Roundys Supermarkets, Inc.; Sappi Fine Paper North America; Supervalu, Inc.; TRX Data Services Inc.; and Verispan, LLC.

Examples of Customer Deals from Q1 2008:

Burlington Coat Factory

Burlington Coat Factory, a nationally recognized retailer of high-quality, branded apparel at everyday low prices, has selected MicroStrategy for merchandising reporting and analytics. Burlington Coat Factory plans to use MicroStrategy for reporting and analysis on key merchandising metrics. MicroStrategy will convert the detailed transactional data into personalized reports through dashboards and exception reporting for Burlington Coat Factory executives and merchants. MicroStrategy teamed with QuantiSense to provide Burlington Coat Factory with an end-to-end solution for their retail business intelligence requirements.

Katz Group

Katz Group is one of North America’s leading drug store operators and Canada’s largest integrated retail pharmacy network with more than 1,800 drug stores in Canada and the United States. Katz will be expanding its use of MicroStrategy in its user community to enable management in the retail organization to report on and analyze sales and store information. With daily reporting and report distribution, Katz provides its management team with retail store information to help drive key decisions. Katz selected the MicroStrategy Business Intelligence Platform for its ease-of-use and scalability.

Republic National Distributing Company

Republic National Distributing Company (RNDC) is the second largest distributor of premium wine and spirits in the United States, and employs more than 5,000 individuals nationwide. A MicroStrategy customer for over 10 years, RNDC recently expanded its use of MicroStrategy to improve overall business performance. RNDC executives, sales management, and business analysts rely on MicroStrategy to identify opportunities for new promotions to boost sales of particular products and discover sales trends over longer timeframes than could be analyzed before. Using MicroStrategy, RNDC gives suppliers secure access to the data warehouse so that they can improve their products’ sales performance and track promotion effectiveness.

MicroStrategy Positioned in ‘Leaders’ Quadrant of Gartner 2008 Magic

Quadrant for Business Intelligence Platforms Report:

In February 2008, MicroStrategy announced that it was positioned by Gartner, Inc. in the ‘Leaders’ quadrant in the 2008 Magic Quadrant for Business Intelligence Platforms report. Gartner’s evaluation was based on completeness of vision and ability to execute. Gartner describes leaders as “vendors that are reasonably strong in the breadth and depth of their BI platform capabilities, and can deliver on enterprisewide implementations that support a broad BI strategy. Leaders articulate a business proposition that resonates with buyers, supported by the viability and operational capability to deliver on a global basis.”

Results of The BI Survey 7:

The BI Survey, the most comprehensive independent survey of the BI market space and products, is conducted annually by industry analyst Nigel Pendse and this year by BARC, The Business Application Research Center. The Survey compiled the real-world BI experiences of nearly 2,000 respondents across 60 countries. MicroStrategy was the leader in many key areas of The BI Survey 7.

For the fourth consecutive year, MicroStrategy received the highest customer loyalty score of all business intelligence software products reviewed. Customer loyalty is an indication of how satisfied a customer is with a vendor’s products and services and is a crucial factor in vendor success. “It is a remarkable achievement that MicroStrategy was rated number one in customer loyalty for the fourth year in a row,” said Nigel Pendse, author of The BI Survey 7. “As in the past, the Survey found that well-known vendors with growth strategies based on acquisitions covering the entire BI spectrum have low, and in some cases declining, customer loyalty. MicroStrategy, with its single product architecture and organic growth, was at the top once again.”

The BI Survey 7 recognized MicroStrategy as the top product for BI standardization for the third consecutive year. The Survey asked BI customers using more than one product to select the product on which they would choose to standardize if forced to pick one, and to explain why. MicroStrategy was cited as the top product on which to standardize, with 91.3% of the respondents indicating they would select MicroStrategy as their enterprise BI standard. “Survey participants with multiple BI products continue to rank MicroStrategy as the top product to keep in a standardization exercise,” said The BI Survey 7 author, Nigel Pendse. “This tendency to choose MicroStrategy is a reflection of MicroStrategy’s broad range of capabilities and suitability for BI standardization.”

For the seventh consecutive year, The BI Survey 7 found that MicroStrategy customers analyzed the largest data volumes, as compared to customers of other business intelligence products, including BusinessObjects and Cognos. MicroStrategy customers are accessing a median of 258 Gigabytes in this Survey. These median data volumes are larger, by more than a factor of 3, than that of customers of SAP BW, the second-place product, and larger, by a factor of 258, than that of customers of Cognos Analysis. Nigel Pendse, author of The BI Survey 7, stated, “MicroStrategy continues to be the clear leader in the enterprise-scale BI segment, with seven consecutive years of MicroStrategy sites reporting by far the largest data volumes of all vendors surveyed. Despite most vendors claiming to be able to handle large, detailed applications, it is clear that only MicroStrategy’s customers are actually implementing such transaction-level BI databases.”

To view a summary of The BI Survey 7 results, go to http://www.microstrategy.com/BISurvey7.

MicroStrategy Events:

MicroStrategy will host a one-hour Webcast, “Selecting BI Technology for Enterprise Success – Lessons Learned from over 1,800 Companies’ Experiences,” on May 8, 2008, featuring Nigel Pendse and findings from The BI Survey 7. For more information and to register for the Webcast, visit: http://www.microstrategy.com/BISelectionWebcast.

This year, MicroStrategy continues its successful Symposia series in the U.S., Europe, and Latin America. To date, MicroStrategy Symposia have been held in Phoenix, Los Angeles, and Boston. Additional events are planned for Nashville, Buenos Aires, Columbus, Mexico City, London, Denver, Toronto, Munich, New York, and San Francisco. Each Symposium features technical sessions as well as informative presentations from MicroStrategy customers sharing lessons learned in deploying business intelligence applications in their organization.

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 8, MicroStrategy Business Intelligence Platform, MicroStrategy Dynamic Enterprise Dashboards, MicroStrategy Mobile, and MicroStrategy Integrity Manager 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 8 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; the Company’s ability to effect the sale of its Alarm.com and Angel.com businesses on acceptable terms, or at all; competitive factors; general economic conditions; 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
March 31,
2008 2007
(unaudited) (unaudited)
Revenues
Product licenses $22,127 $16,699
Product support and other services 61,412 52,655
Total revenues 83,539 69,354

Cost of Revenues
Product licenses 559 588
Product support and other services 13,486 10,928
Total cost of revenues 14,045 11,516

Gross profit 69,494 57,838

Operating Expenses
Sales and marketing 28,132 23,168
Research and development 9,736 5,927
General and administrative 17,250 13,118
Total operating expenses 55,118 42,213

Income from continuing operations before
financing and other income and income
taxes 14,376 15,625

Financing and Other Income
Interest income, net 799 981
Other (expense) income, net (861) 48
Total financing and other income
(expense) (62) 1,029

Income from continuing operations
before income taxes 14,314 16,654
Provision for income taxes 5,171 6,208
Income from continuing operations 9,143 $10,446
Loss from discontinued operations,
net of tax benefit ($191 and $368,
respectively) 845 601
Net Income $8,298 $9,845

Basic earnings (loss) per share (1):
From continuing operations $0.77 $0.83
From discontinued operations $(0.07) $(0.05)
Basic earnings per share $0.70 $0.78
Weighted average shares outstanding
used in computing basic
earnings per share 11,927 12,567

Diluted earnings (loss) per share (1):
From continuing operations $0.74 $0.79
From discontinued operations $(0.07) $(0.04)
Diluted earnings per share $0.67 $0.75
Weighted average shares outstanding
used in computing diluted
earnings per share 12,381 13,159

(1) Basic and fully diluted earnings per share for class A and class B
common stock are the same

MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)

March 31, December 31,
2008 2007
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $99,877 $85,194
Restricted cash and investments 2,222 2,982
Accounts receivable, net 44,726 48,551
Prepaid expenses and other current assets 13,628 12,057
Deferred tax assets, net 27,957 29,652
Assets held-for-sale 7,418 6,410
Total current assets 195,828 184,846

Property and equipment, net 8,426 8,992
Capitalized software development cost, net 1,989 2,340
Deposits and other assets 12,126 11,433
Deferred tax assets, net 34,303 35,347
Total Assets $252,672 $242,958

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $23,610 $21,694
Accrued compensation and employee
benefits 24,778 37,687
Deferred revenue and advance payments 78,477 63,583
Liabilities held-for-sale 6,249 5,592
Total current liabilities 133,114 128,556

Deferred revenue and advance payments 2,040 1,936
Other long-term liabilities 9,971 9,137

Total Liabilities 145,125 139,629

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; 14,117
shares issued and 9,109 shares
outstanding, and 14,113 shares issued
and 9,184 shares outstanding, respectively 14 14
Class B common stock, $0.001 par
value; 165,000 shares authorized;
2,770 issued and outstanding, respectively 3 3
Additional paid-in capital 448,460 448,229
Treasury stock, at cost; 5,008 and
4,929 shares, respectively (363,170) (357,804)
Accumulated other comprehensive income 3,984 2,929
Retained earnings 18,256 9,958
Total Stockholders’ Equity 107,547 103,329
Total Liabilities and Stockholders’ Equity $252,672 $242,958

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)

Three Months Ended
March 31,
2008 2007

Operating activities:
Net income $8,298 $9,845
Plus: Loss from discontinued
operations, net of tax 845 $601
Income from continuing operations 9,143 10,446
Adjustments to reconcile net
income to net cash provided by
operating activities:
Depreciation and amortization 1,562 1,742
Bad debt expense 632 70
Deferred taxes 2,753 4,273
Stock-based compensation 44 179
Excess tax benefits from stock-
based payment arrangements (56) (1,887)
Other, net 10 53
Changes in operating assets and liabilities:
Accounts receivable 4,445 20,333
Prepaid expenses and other
current assets (1,295) 940
Deposits and other assets 191 (49)
Accounts payable and accrued
expenses, compensation and
employee benefits (12,907) (13,763)
Deferred revenue and advance payments 13,249 18,060
Other long-term liabilities 890 (31)
Net cash provided by
operating activities from
continuing operations 18,661 40,366
Net cash used in operating
activities from discontinued
operations (572) (2,717)
Net cash provided by
operating activities 18,089 37,649
Investing activities:
Advance deposits on purchases of
property and equipment – (5,000)
Purchases of property and equipment, net (459) (1,010)
Capitalized software development costs – (2,419)
Decrease (increase) in restricted
cash and investments 57 (14)
Net cash used in investing
activities from continuing
operations (402) (8,443)
Net cash used in investing
activities from discontinued
operations (265) (382)
Net cash used in
investing activities (667) (8,825)
Financing activities:
Proceeds from sale of class A
common stock under exercise
of employee stock options 124 1,636
Excess tax benefits from stock-
based payment arrangements 56 1,887
Purchases of treasury stock (5,366) (44,740)
Net cash used in financing
activities from continuing
activities (5,186) (41,217)
Net cash used in financing
activities from discontinued
activities – –
Net cash used in
financing activities (5,186) (41,217)
Effect of foreign exchange rate
changes on cash and cash equivalents 2,447 391
Net increase (decrease) in cash and
cash equivalents 14,683 (12,002)
Cash and cash equivalents,
beginning of period 85,194 78,980
Cash and cash equivalents, end of period $99,877 $66,978

SOURCE MicroStrategy Incorporated

http://www.microstrategy.com

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Source: MicroStrategy

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