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MicroStrategy Announces Second Quarter 2007 Financial Results

Jul 27, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Year-Over-Year Revenue Increases by 14%

MCLEAN, Va. (July 27, 2007) –

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, 2007 (the second quarter of its 2007 fiscal year).

Second quarter 2007 revenue was $84.8 million versus $74.1 million for the second quarter of 2006, a 14% increase. Product licenses revenue for the second quarter of 2007 was $21.7 million versus $23.1 million for the second quarter of 2006, a 6% decrease. Product support and other services revenue for the second quarter of 2007 was $63.1 million versus $51.0 million for the second quarter of 2006, a 24% increase. Product support and other services revenue increased primarily due to an increase in technical support revenue and an increase in the hardware and services revenue generated by MicroStrategy’s Alarm.com subsidiary, which provides wireless and web-enabled security system technology to residential and commercial customers. Revenues from non-core operations, which consist of MicroStrategy’s Alarm.com subsidiary and Angel.com business unit, were $8.3 million for the second quarter of 2007 compared to $2.0 million for the second quarter of 2006. The cost of revenues attributable to these non-core operations was $6.0 million for the second quarter of 2007 compared to $0.8 million for the second quarter of 2006.

Operating expenses for the second quarter of 2007 were $48.3 million versus $39.8 million for the second quarter of 2006, a 22% increase. The increase in second quarter operating expenses was primarily due to an increase in the worldwide employee headcount of our core business intelligence (BI) business and reflects the continued expansion in the second quarter of 2007 of our worldwide sales and services organization and administrative and IT support functions. Operating expenses related to Alarm.com and Angel.com were $3.3 million in the second quarter of 2007 compared to $2.2 million in the second quarter of 2006, a 53% increase. Consolidated income from operations for the second quarter of 2007 was $18.4 million, or 22% of revenue, versus $23.7 million, or 32% of revenue, for the second quarter of 2006.

“The results of our core BI business in the second quarter continued to be mixed with a year-over-year increase in product support and other services revenue offset in part by a decline in product license revenues,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “In the second quarter, we continued efforts to enhance our global sales and services organization although we slowed the headcount growth in that organization in order to focus on integrating and leveraging the additional capacity that we now have in place. We are also considering strategic alternatives relating to our Alarm.com and Angel.com businesses.”

For the second quarter of 2007, MicroStrategy’s effective tax rate was 39.6% compared to 30.5% in the second quarter of 2006. The increase in the effective tax rate was primarily caused by net losses of certain foreign subsidiaries for which the company was not able to recognize a tax benefit for financial reporting purposes and the establishment of valuation allowances on certain foreign deferred tax assets. Net income for the second quarter of 2007 was $11.6 million, or $0.90 per share on a diluted basis, versus $16.6 million, or $1.21 per share on a diluted basis, for the second quarter of 2006.

As of June 30, 2007, MicroStrategy had $76.1 million in cash and cash equivalents and 9,638,150 shares of class A common stock and 2,775,244 shares of class B common stock outstanding.

New Customers and New Deals with Existing Customers in Q2 2007 Included:

Capital Group Companies; Classic Residence by Hyatt; The Container Store, Inc.; Cryptologic, Inc.; David’s Bridal; Dick’s Sporting Goods Inc.; The First American Financial Corporation; First Franklin Financial Corporation; Focus Technology Group; Gander Mountain; GE Healthcare; Goal Financial; Grange Insurance; IQ Solutions; KeyBank National Association; La Capitale Assurances Generales; LowerMyBills; Netflix; The NPD Group; Porsche Cars North America, Inc.; Ross Stores, Inc.; Sanmina SCI Corporation; SchoolNet; Starwood Hotels & Resorts, Inc.; TRX Data Services Inc.; US Department of State; Verisign; VSM Group; and Wells Fargo Bank, N.A.

Examples of Customer Deals from Q2 2007:

Dick’s Sporting Goods, Inc

Dick’s Sporting Goods, Inc. is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment, operating 309 stores in 34 states. Dick’s uses the MicroStrategy platform as its enterprise reporting standard to track product sales and inventory levels across its network of retail stores. With MicroStrategy, Dick’s employees perform sales, category, and inventory analyses enabling them to make analytically-based decisions that can improve business performance and customer service. Given the success of the MicroStrategy projects, Dick’s recently expanded its use of the MicroStrategy platform with the purchase of additional licenses to facilitate the fast-paced growth of the Dick’s store base.

Netflix Inc.

Netflix Inc., the world’s largest online movie rental service, has selected MicroStrategy as its enterprise reporting and analysis standard. Netflix will utilize MicroStrategy for reporting and analysis of financial data, marketing campaigns, and movie recommendations. With MicroStrategy, Netflix users will gain valuable insight into critical marketing data to evaluate marketing campaigns and personalized movie recommendation data, enhance its marketing programs, and better serve its subscriber base of 6.8 million members. MicroStrategy was selected by Netflix for its ease-of-use, robust reporting and analytical capabilities, and scalability for large databases.

Porsche Cars North America, Inc.

Porsche Cars North America, Inc. (PCNA), based in Atlanta, GA, and its subsidiary, Porsche Cars Canada, Ltd., are the exclusive importers of Porsche sports cars and Cayenne sport utility vehicles for the United States and Canada, Ltd, and is a wholly owned, indirect subsidiary of Dr. Ing. h.c. F. Porsche AG. PCNA uses the MicroStrategy Business Intelligence Platform to report on, analyze, and monitor marketing and sales performance information. With MicroStrategy, PCNA personnel can make analytically-based decisions that help Porsche dealerships enhance customer service and help the company achieve its business objectives. PCNA recently expanded its deployment of MicroStrategy to support its growing business intelligence requirements.

Launch of MicroStrategy Mobile and MicroStrategy Integrity Manager:

MicroStrategy recently announced its plans to launch MicroStrategy Mobile(TM), a new product that delivers timely BI information directly to BlackBerry(R) smartphones from Research In Motion. With MicroStrategy Mobile, business users will receive the same reports on their BlackBerry smartphone as they receive on their desktop, without the need for reformatting or retrofitting existing reports. The report manipulation features available in MicroStrategy Mobile allow users to view even the largest reports within the compact screen size of the BlackBerry smartphone.

MicroStrategy Mobile was engineered to work cooperatively with other BlackBerry applications, including phone, e-mail, and text messages. Designed for all levels of users, MicroStrategy Mobile reports are displayed in an easy-to-view and easy-to-navigate format, enabling users to review, analyze, and interact with important data at their convenience. Users can also access reports while they are offline, or when their BlackBerry smartphone is not within connectivity range.

MicroStrategy Mobile is well-suited to meet the BI needs of a broad range of mobile workers:

— An executive from a large financial services company can monitor the
organization’s top financial metrics and make time-sensitive decisions
that impact the company’s bottom line while out of the country.
— A retail buyer can access merchandise sales data to determine what is
selling and not selling in specific stores to support purchasing and
inventory reallocation discussions with store managers.
— A pharmaceutical salesperson can review the latest market share
reports, prescription sales, and inventory data to prepare for sales
calls.
— A manufacturer’s field technician can provide enhanced customer service
on-site by checking the customer’s historical service record and
product availability before scheduling a follow-up service call.
— A marketing executive from a Fortune 500 company can evaluate the
latest marketing campaign analytics while meeting with the advertising
agency to make key decisions on future expenditures.

MicroStrategy also announced its plans to launch MicroStrategy Integrity Manager(TM), a new product that tests the accuracy of BI applications by validating data and report integrity. MicroStrategy Integrity Manager automatically compares and verifies the consistency of reports as changes are made to the BI ecosystem, and then highlights issues and discrepancies to monitor the overall reliability of the BI content used by business decision makers.

Every day, there are changes made in a company’s BI environment, and data can be corrupted or compromised, causing reports that are used by business decision-makers to become inaccurate.

Common types of BI ecosystem changes that require report and data validation include:

— Software upgrades – MicroStrategy Integrity Manager ensures that
database and BI software upgrades designed to address defect fixes and
enhancements do not impact report integrity, and that inconsistencies
are identified so they can be corrected prior to being viewed by
business users.
— BI project migrations – As part of the normal BI development life
cycle, developers continuously migrate entire BI projects or project
objects across the development, test, and production environments.
Administrators need to confirm that migrated objects perform as
expected and do not negatively impact existing BI reports.
— Data warehouse ETL processes – Data loads and ETL scripts can modify or
even corrupt existing information within the data warehouse. Database
administrators require certainty that the ETL processes are
successfully completed, without altering previously loaded data and
introducing inconsistencies to BI reports and content.
— Database optimizations – System tuners can alter existing database
objects and report parameters, or add new objects such as indexes and
aggregate tables to improve report performance and system throughput.
Developers need to ensure that subtle SQL changes and database
alterations made for performance do not alter query results.
— User profile modifications – As BI applications are modified to provide
richer capabilities or as end users move roles within companies,
administrators must modify user and user groups’ application privileges
and data security profiles. Validation testing ensures that user
profile changes do not improperly alter users’ BI reports.

MicroStrategy Mobile and MicroStrategy Integrity Manager are currently in beta-testing and expected to be generally available in the second half of 2007, as part of the MicroStrategy 8.1.1 release.

MicroStrategy 2007 Events:

In May, MicroStrategy hosted a one-hour webcast, “Using Dashboards to Improve Corporate Performance: Top 10 Best Practices.” More than 1,000 people participated in the webcast, which included demonstrations of MicroStrategy’s new Dynamic Enterprise Dashboards; commentary from Wayne Eckerson, Director of TDWI Research; and speakers from Lowe’s Companies and Classic Residence by Hyatt.

The MicroStrategy Symposia series continued with events in London and New York City. Each Symposium featured technical sessions as well as presentations from MicroStrategy customers sharing best practices in deploying business intelligence applications in their organization. The MicroStrategy Symposium in London included customer presentations from Virgin Retail, Yahoo! Inc., Highways Agency, Amlin plc, and Cork County Council. Customer speakers at the MicroStrategy Symposium in New York City included Liz Claiborne Inc., Massachusetts General Hospital, Herbalife, Guy Carpenter & Company, Rite-Hite Corporation, Forest Laboratories, and Aperity.

Additional 2007 Symposia are scheduled in Sao Paulo, Chicago, and Paris. MicroStrategy also plans to hold Technology Day events in locations including Milan, Johannesburg, Zurich, San Francisco, Toronto, and Washington DC. These one-day events offer a technical and a business track, with practical tools to enhance business intelligence initiatives.

MicroStrategy plans to hold its biggest event next year, MicroStrategy World 2008, on January 14-17, 2008 at the InterContinental Miami in Miami, Florida. The conference will feature dozens of customer speakers from industry-leading organizations, more than 100 educational sessions, and an exhibit hall showcasing MicroStrategy partners. MicroStrategy World 2008 will also include an update on the company’s latest technology advances, insightful keynote presentations, and networking opportunities.

Industry Awards:

In June, Corporate Express US received the 2007 Best Practices Award from The Data Warehousing Institute (TDWI) for a MicroStrategy-based business intelligence application. TDWI’s Best Practices Awards program is designed to identify and honor companies that have demonstrated excellence in developing, deploying, and maintaining BI and Data Warehouse (DW) applications.

Corporate Express built a market basket application, leveraging MicroStrategy’s business intelligence technology to improve its online business. The application looks at each item purchased online and determines a list of complementary items to recommend to purchasers. The Corporate Express market basket application uncovered insightful new data about the items that customers typically purchase together, enabling Corporate Express to present these items as complementary offerings to online customers. As a result, the average order size for orders with the market basket pairings is more than twice the average order size for orders without pairings. In addition, the information has helped Corporate Express to better serve its customers, with a deeper understanding of purchasing preferences.

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 8.1 software and Dynamic Enterprise Dashboards 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, including any delays in shipping the MicroStrategy Mobile or MicroStrategy Integrity Manager products beyond the second half of 2007; 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.

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,
2007 2006 2007 2006
(unaudited) (unaudited) (unaudited) (unaudited)
Revenues
Product licenses $21,699 $23,111 $38,398 $46,244
Product support and other
services 63,107 50,995 118,836 97,360
Total revenues 84,806 74,106 157,234 143,604

Cost of Revenues
Product licenses 854 592 1,443 1,296
Product support and other
services 17,260 10,039 28,990 18,869
Total cost of revenues 18,114 10,631 30,433 20,165
Gross profit 66,692 63,475 126,801 123,439

Operating Expenses
Sales and marketing 26,410 20,313 51,207 40,282
Research and development 9,621 8,732 16,634 16,981
General and administrative 12,268 10,716 25,868 21,466
Amortization of intangible
assets 18 18 36 36
Total operating expenses 48,317 39,779 93,745 78,765
Income from operations 18,375 23,696 33,056 44,674
Financing and Other Income
Interest income, net 874 648 1,855 1,479
Other income (expense), net (18) (515) 5 (667)
Total financing and other
income 856 133 1,860 812
Income before
income taxes 19,231 23,829 34,916 45,486
Provision for
income taxes 7,618 7,271 13,458 13,935
Net income $11,613 $16,558 $21,458 $31,551

Basic earnings
per share $0.94 $1.27 $1.72 $2.37
Diluted earnings
per share $0.90 $1.21 $1.64 $2.26
Basic weighted average
shares outstanding 12,404 13,024 12,484 13,295
Diluted weighted average
shares outstanding 12,940 13,678 13,048 13,990

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)

Core BI Business Alarm.com
Three Months Ended Three Months Ended
June 30, June 30,
2007 2006 2007 2006

Revenues
Product licenses $21,699 $23,111 $- $-
Product support and other services 54,771 49,030 – –
Angel.com telephony services – – – –
Alarm.com hardware and services
revenue – – 6,754 885

Total revenues 76,470 72,141 6,754 885

Cost of Revenues
Product licenses 854 603 – –
Product support and other services 11,278 9,248 – –
Angel.com telephony services – – – –
Alarm.com hardware and services – – 5,489 557
Total cost of revenues 12,132 9,851 5,489 557
Gross profit 64,338 62,290 1,265 328

Operating Expenses
Sales and marketing 24,587 19,026 314 227
Research and development 8,507 8,050 414 240
General and administrative 11,869 10,499 399 217
Amortization of intangible assets 18 18 – –
Total operating expenses 44,981 37,593 1,127 684
Income (loss) from operations 19,357 24,697 138 (356)

Financing and Other Income
Interest income, net 874 648 – –
Other expense, net (18) (515) – –
Total financing and other income 856 133 – –
Income (loss) before income taxes $20,213 $24,830 $138 $(356)
Provision for income taxes
Net income

Basic earnings per share
Diluted earnings per share
Basic weighted average shares
outstanding
Diluted weighted average shares
outstanding

Angel.com Consolidated
Three Months Ended Three Months Ended
June 30, June 30,
2007 2006 2007 2006

Revenues
Product licenses $- $- $21,699 $23,111
Product support and other services – – 54,771 49,030
Angel.com telephony services 1,582 1,080 1,582 1,080
Alarm.com hardware and services
revenue – – 6,754 885

Total revenues 1,582 1,080 84,806 74,106

Cost of Revenues
Product licenses – (11) 854 592
Product support and other services – – 11,278 9,248
Angel.com telephony services 493 234 493 234
Alarm.com hardware and services – – 5,489 557
Total cost of revenues 493 223 18,114 10,631
Gross profit 1,089 857 66,692 63,475

Operating Expenses
Sales and marketing 1,509 1,060 26,410 20,313
Research and development 700 442 9,621 8,732
General and administrative – (a) – (a) 12,268 10,716
Amortization of intangible assets – – 18 18
Total operating expenses 2,209 1,502 48,317 39,779
Income (loss) from operations (1,120) (645) 18,375 23,696

Financing and Other Income
Interest income, net – – 874 648
Other expense, net – – (18) (515)
Total financing and other income – – 856 133
Income (loss) before income taxes $(1,120) $(645) 19,231 23,829
Provision for income taxes 7,618 7,271
Net income $11,613 $16,558

Basic earnings per share $0.94 $1.27
Diluted earnings per share $0.90 $1.21
Basic weighted average shares
outstanding 12,404 13,024
Diluted weighted average
shares outstanding 12,940 13,678

(a) An insignificant amount of general and administrative services is
provided to the Angel.com business unit by MicroStrategy’s core
business operations.

Core BI Business Alarm.com
Six Months Ended Six Months Ended
June 30, June 30,
2007 2006 2007 2006

Revenues
Product licenses $38,398 $46,244 $- $-
Product support and other services 107,425 93,666 – –
Angel.com telephony services – – – –
Alarm.com hardware and services
revenue – – 8,319 1,458

Total revenues 145,823 139,910 8,319 1,458

Cost of Revenues
Product licenses 1,443 1,292 – –
Product support and other services 22,205 17,231 – –
Angel.com telephony services – – – –
Alarm.com hardware and services – – 5,849 1,173
Total cost of revenues 23,648 18,523 5,849 1,173
Gross profit 122,175 121,387 2,470 285

Operating Expenses
Sales and marketing 47,752 38,055 528 370
Research and development 14,433 15,757 787 494
General and administrative 24,970 20,972 898 494
Amortization of intangible assets 36 36 – –
Total operating expenses 87,191 74,820 2,213 1,358
Income (loss) from operations 34,984 46,567 257 (1,073)

Financing and Other Income
Interest income, net 1,855 1,479 – –
Other income (expense), net 5 (667) – –
Total financing and other income 1,860 812 – –
Income (loss) before income taxes $36,844 $47,379 $257 $(1,073)
Provision for income taxes
Net income

Basic earnings per share
Diluted earnings per share
Basic weighted average shares
outstanding
Diluted weighted average shares
outstanding

Angel.com Consolidated
Six Months Ended Six Months Ended
June 30, June 30,
2007 2006 2007 2006

Revenues
Product licenses $- $- $38,398 $46,244
Product support and other services – – 107,425 93,666
Angel.com telephony services 3,092 2,236 3,092 2,236
Alarm.com hardware and services
revenue – – 8,319 1,458

Total revenues 3,092 2,236 157,234 143,604

Cost of Revenues
Product licenses – 4 1,443 1,296
Product support and other services – – 22,205 17,231
Angel.com telephony services 936 465 936 465
Alarm.com hardware and services – – 5,849 1,173
Total cost of revenues 936 469 30,433 20,165
Gross profit 2,156 1,767 126,801 123,439

Operating Expenses
Sales and marketing 2,927 1,857 51,207 40,282
Research and development 1,414 730 16,634 16,981
General and administrative – (a) – (a) 25,868 21,466
Amortization of intangible assets – – 36 36
Total operating expenses 4,341 2,587 93,745 78,765
Income (loss) from operations (2,185) (820) 33,056 44,674

Financing and Other Income
Interest income, net – – 1,855 1,479
Other income (expense), net – – 5 (667)
Total financing and other income – – 1,860 812
Income (loss) before income taxes $(2,185) $(820) 34,916 45,486
Provision for income taxes 13,458 13,935
Net income $21,458 $31,551

Basic earnings per share $1.72 $2.37
Diluted earnings per share $1.64 $2.26
Basic weighted average shares
outstanding 12,484 13,295
Diluted weighted average
shares outstanding 13,048 13,990

(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,
2007 2006
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $76,140 $78,980
Restricted cash and investments 3,787 3,799
Short-term investments 11 16
Accounts receivable, net 41,215 54,468
Prepaid expenses and other current
assets 9,698 8,633
Deferred tax assets, net 31,515 29,510
Total current assets 162,366 175,406

Property and equipment, net 10,486 11,102
Capitalized software development
cost, net 3,214 1,903
Deposits and other assets 8,963 2,461
Deferred tax assets, net 41,054 57,944
Total Assets $226,083 $248,816

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued
expenses $23,077 $24,378
Accrued compensation and employee
benefits 24,812 31,872
Deferred revenue and advance
payments 66,113 56,578
Total current liabilities 114,002 112,828

Deferred revenue and advance payments 1,894 1,127
Other long-term liabilities 2,853 1,710

Total Liabilities 118,749 115,665

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;
14,050 shares issued and 9,638
shares outstanding, and 13,972
shares
issued and 9,918 shares
outstanding, respectively 14 14
Class B common stock; $0.001 par
value; 165,000 shares authorized;
2,775 issued and outstanding for
both periods 3 3
Additional paid-in capital 445,257 440,768
Treasury stock, at cost; 4,412 and
4,054 shares, respectively (313,516) (268,776)
Accumulated other comprehensive
income 2,628 3,123
Accumulated deficit (27,052) (41,981)
Total Stockholders’ Equity 107,334 133,151
Total Liabilities and Stockholders’
Equity $226,083 $248,816

MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Six months ended
June 30,
2007 2006
(unaudited) (unaudited)
Operating activities:
Net income $21,458 $31,551
Adjustments to reconcile net income
from continuing operations to net
cash
provided by operating
activities:
Depreciation and amortization 3,855 3,886
Bad debt provision 626 656
Deferred taxes 10,647 11,981
Share-based compensation 307 821
Excess tax benefits from share-
based payment arrangements (2,191) (2,214)
Other, net 70 50
Changes in operating assets and
liabilities:
Accounts receivable 12,954 9,444
Prepaid expenses and other
current assets (886) (1,074)
Deposits and other assets (6,512) 391
Accounts payable and accrued
expenses, compensation
and employee benefits (9,329) (8,055)
Deferred revenue and advance
payments 9,293 11,853
Other long-term liabilities 1,336 (273)
Net cash provided by
operating activities 41,628 59,017
Investing activities:
Proceeds from maturities of short-
term investments – 106,691
Purchases of short-term investments – (52,924)
Purchases of property and
equipment, net (2,112) (1,622)
Capitalized software development
costs (2,419) –
Increase in restricted cash and
investments 39 (97)
Net cash (used in) provided
by investing activities (4,492) 52,048
Financing activities:
Proceeds from sale of class A
common stock under employee
stock purchase plan and exercise
of employee stock options 1,816 2,758
Excess tax benefits from share-
based payment arrangements 2,191 2,214
Purchases of treasury stock (44,740) (112,807)
Net cash used in financing
activities (40,733) (107,835)
Effect of foreign exchange
rate changes on cash and
cash equivalents 757 1,392
Net (decrease) increase in cash and
cash equivalents (2,840) 4,622
Cash and cash equivalents, beginning
of period 78,980 42,318
Cash and cash equivalents, end of
period $76,140 $46,940

SOURCE MicroStrategy Incorporated

CONTACT: MicroStrategy Incorporated Investor Relations, +1-703-848-8600,
ir@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Charter Communications Extends Agreement with MicroStrategy for Business Intelligence Reporting and Analytics

Jul 24, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Charter Communications, Inc. (Nasdaq: CHTR) has extended its agreement with MicroStrategy for business intelligence reporting and analytics. Charter is the third-largest

McLean, Va., (July 24, 2007) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Charter Communications, Inc. (Nasdaq: CHTR) has extended its agreement with MicroStrategy for business intelligence reporting and analytics. Charter is the third-largest publicly traded cable operator in the United States.

A MicroStrategy customer since 2001, Charter uses MicroStrategy for reporting on and analyzing key business areas, including customer care, billing, sales, marketing, and technical operations. MicroStrategy provides Charter personnel with a platform for strategic, internal intelligence gathering and gives users easy access to information about many of Charter’s critical business functions.

“As Charter continues to grow, we are pleased to extend our relationship with MicroStrategy for our business intelligence requirements,” said Jay Carlson, Charter’s Senior Vice President of Information Technology. “MicroStrategy enables us to expand the capabilities and uses of valuable data across the company.”

“We are pleased to continue our relationship with Charter Communications,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy’s ease-of-use, flexibility, and scalability for large databases offers a powerful reporting solution for dynamic companies like Charter.”

About Charter Communications
Charter Communications, Inc. is a leading broadband communications company and the third-largest publicly traded cable operator in the United States. Charter provides a full range of advanced broadband services, including Charter Digital® video entertainment programming, Charter High-Speed® Internet access, and Charter Telephone®. Charter Business(TM) similarly provides scalable, tailored and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, video and music entertainment services and business telephone. Charter’s advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at www.charter.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

US Army’s PM J-AIT Implements MicroStrategy Software for Logistics Reporting and Analysis

Jul 19, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the US Army’s Product Manager, Joint – Automatic Identification Technology (PM J-AIT) has implemented the MicroStrategy Business Intelligence Platformâ?¢ to report on and

McLean, Va. (July 19, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the US Army’s Product Manager, Joint – Automatic Identification Technology (PM J-AIT) has implemented the MicroStrategy Business Intelligence Platform(TM) to report on and analyze logistics data for a radio frequency identification (RFID) solution implemented by Unisys Corp. (NYSE: UIS).

The Radio Frequency In-Transit Visibility (RF-ITV) program provides government and contractor personnel across four continents with instant access to critical information on military cargo, equipment, and supplies. MicroStrategy software was selected to improve the ability to access and analyze data, and provide better decisions to enhance the Department of Defense’s worldwide logistics tracking system. Timely access to mission-critical information will enable decision makers throughout the logistics pipeline to plan, prioritize, and redirect logistics operations to improve warfighter readiness.

“We are impressed with MicroStrategy’s technology, especially its integrated platform, intuitive report development, and interactive, full-featured Web interface,” said Jim Hayes, Program Manager RF-ITV, of Unisys. “Unlike claims we heard from other BI providers, MicroStrategy has a true zero-footprint interface, with no plug-ins required, which provides a self-service reporting environment for the RF-ITV Program’s diverse user population.”

“We are extremely proud to support the RF-ITV program, the US military, and deployed forces around the world,” said Sanju Bansal, COO of MicroStrategy. “MicroStrategy is well-suited for the most demanding BI applications, and it has been selected by federal, state, and local government organizations for its reliability, scalability, security, and intuitive Web interface.”

Some of MicroStrategy’s government customers include: US Postal Service, US Air Force, US Army, Centers for Medicare and Medicaid Services, Ohio Department of Education, Texas Department of Agriculture, National Institutes of Health, US Census Bureau, State of Tennessee, Department of Housing and Urban Development, and Department of Homeland Security.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy UK Honors Two Companies for Their Business Intelligence Achievements

Jul 11, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Biffa Waste Services and Quadriga Recognized at the MicroStrategy Symposium in London

McLean, Va., (July 11, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today honored two companies for demonstrating best practices in their business intelligence deployments. The MicroStrategy Honors Award recognizes organizations for outstanding corporate performance improvements as a result of their MicroStrategy-based BI applications. The MicroStrategy UK Honors Award winners for 2007 are Biffa Waste Services and Quadriga. The awards were announced today at the MicroStrategy Symposium in London, England.

The companies selected for the MicroStrategy Honors Award have successfully used business intelligence throughout their organizations to enhance business performance, improve productivity, and strengthen customer relationships. “We congratulate these companies for demonstrating best practices in their MicroStrategy business intelligence deployments,” said MicroStrategy’s COO Sanju Bansal. “Biffa Waste Services and Quadriga have each taken a unique approach to delivering business intelligence in their organization with remarkable results in business efficiency and customer service. We are delighted to recognize their accomplishments by presenting them with the MicroStrategy Honors Award.”

The following is a brief description of the MicroStrategy UK Honors Award recipients and their BI applications:

Biffa Waste Services
Biffa Waste Services is a leading integrated waste management business in the UK, which provides services to around 75,000 local and national customers in the industrial, commercial, and municipal sectors. MicroStrategy presents the Honors Award to Biffa for its enterprise-wide BI deployment, speed of implementation, and the business improvements achieved from its use of business intelligence. With MicroStrategy, Biffa provides reports and analyses to users in multiple departments across the company, helping them to make informed decisions in a timely fashion, while reducing reliance on the IT team. As a result, Biffa employees have greater insights into their customers and can make important business decisions related to expanding services and managing customer expectations.

Quadriga
Europe’s market leader of digital IP-based entertainment and Internet services for hotels, Quadriga operates in over 50 countries in Europe and the Middle East and has an annual audience of 100 million guests. MicroStrategy recognizes Quadriga for the speed of its BI implementation, which was operational within 2-3 weeks, as well as its outstanding implementation team and the business improvements achieved as a result of its BI applications. Quadriga personnel use MicroStrategy reports for financial metrics, guest revenue metrics, and content performance metrics. Using MicroStrategy, they also provide their customers with greater insights into the value derived from Quadriga’s entertainment and Internet services.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Introduces Business Intelligence for the Mobile Workforce

Jul 09, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategy Mobile Delivers Timely Business Intelligence Reports Directly to BlackBerry Smartphones

McLean, Va. (July 09, 2007) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced its plans to launch MicroStrategy Mobile(TM), a new product that delivers timely BI information directly to BlackBerry® smartphones from Research In Motion (RIM) (Nasdaq: RIMM and TSX: RIM). MicroStrategy Mobile will be introduced tomorrow at the MicroStrategy Symposium in London.

MicroStrategy Mobile provides mobile workers with access to BI reports on their BlackBerry smartphones. With MicroStrategy Mobile, business users will receive the same reports on their BlackBerry smartphone as they receive on their desktop, without the need for reformatting or retrofitting existing reports. The report manipulation features available in MicroStrategy Mobile allow users to view even the largest reports within the compact screen size of the BlackBerry smartphone.

MicroStrategy Mobile is designed to work cooperatively with other BlackBerry applications, including phone, e-mail, and text messages. The product dynamically optimizes the use of network bandwidth, based on the quality of the signal and usage by other mobile applications. BlackBerry memory and network bandwidth are minimized through the use of a compression algorithm that can achieve compression ratios of 10 to 1.

Designed for all levels of users, MicroStrategy Mobile reports are displayed in an easy-to-view and easy-to-navigate format, enabling users to review, analyze, and interact with important data at their convenience. Users can also access reports while they are offline, or when their BlackBerry smartphone is not within connectivity range. MicroStrategy Mobile leverages the same robust security features of the MicroStrategy platform, as well as the security infrastructure provided by the BlackBerry® Enterprise Server.

MicroStrategy Mobile is well-suited to meet the BI needs of a broad range of mobile workers:

* An executive from a large financial services company can monitor the organization’s top financial metrics and make time-sensitive decisions that impact the company’s bottom line while out of the country.
* A retail buyer can access merchandise sales data to determine what is selling and not selling in specific stores to support purchasing and inventory reallocation discussions with store managers.
* A pharmaceutical salesperson can review the latest market share reports, prescription sales, and inventory data to prepare for sales calls.
* A manufacturer’s field technician can provide enhanced customer service on-site by checking the customer’s historical service record and product availability before scheduling a follow-up service call.
* A marketing executive from a Fortune 500 company can evaluate the latest marketing campaign analytics while meeting with the advertising agency to make key decisions on future expenditures.

“We are excited about MicroStrategy Mobile and the many ways it will help us work more efficiently at Guitar Center,” said John Zavada, CIO of Guitar Center. “The reports are remarkably easy to read and navigate, even on the compact screen of the BlackBerry.”

“A large amount of business operates in a mobile world where the importance of taking actions and making decisions more rapidly is greater than ever before,” said Mark Smith CEO & EVP Research of Ventana Research. “MicroStrategy has introduced a significant step forward with MicroStrategy Mobile, where BI is now available in full interactive form on the BlackBerry, utilizing reports, dashboards, search, and other capabilities to simplify BI for large numbers of business professionals.”

“MicroStrategy Mobile enables executives and mobile workers to boost productivity and make timely, informed decisions while away from their computers,” said Sanju Bansal, MicroStrategy COO. “Users can intuitively access, navigate, and analyze reports without special training, allowing organizations to quickly put BI into the hands of their mobile personnel.”

Availability of MicroStrategy Mobile
MicroStrategy Mobile is currently in beta-testing and expected to be generally available in the second half of 2007, as part of the MicroStrategy 8.1.1 release.

To find out more about MicroStrategy Mobile, visit: http://www.microstrategy.com/Software/Products/User_Interfaces/Mobile/

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 8, and MicroStrategy Mobile 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. The BlackBerry and RIM families of related marks, images, and symbols are the exclusive properties and trademarks of Research In Motion Limited.

MicroStrategy, MicroStrategy 8, MicroStrategy Business Intelligence Platform, MicroStrategy Mobile 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 New Product to Automate Validation Testing for Data and Report Integrity

Jul 09, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Verifies Business Intelligence Reports Contain Complete and Accurate Data

McLean, Va. (July 09, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced its plans to launch MicroStrategy Integrity Manager(TM), a new product that tests the accuracy of BI applications by validating data and report integrity. MicroStrategy Integrity Manager automatically compares and verifies the consistency of reports as changes are made to the BI ecosystem, and then highlights issues and discrepancies to monitor the overall reliability of the BI content used by business decision makers. This product will be introduced tomorrow at the MicroStrategy Symposium in London.

Companies typically monitor the integrity of their BI data through manual data validation. However, despite the increasing importance of BI applications, BI support teams often lack the necessary resources to ensure that data or software integrity problems have not been unexpectedly introduced during data loads or software upgrades. Additionally, in self-service BI systems where end users create their own reports, many companies fail to perform validation testing on the large number of user generated reports. MicroStrategy Integrity Manager automatically reviews the integrity of data across an organization’s BI system, verifying that BI reports and analyses are based on reliable data.

MicroStrategy Integrity Manager reduces the need for resource-intensive manual testing by comparing versions of reports after data updates and throughout the BI development cycle, thereby automating report regression testing. Data inconsistencies can be captured much sooner in the development cycle, saving time in report testing, end user support, and issue resolution. With MicroStrategy Integrity Manager, companies can increase the scope, effectiveness, and accuracy of their data validation efforts, and free developers to focus on content creation rather than manual testing.

Even minor changes in the BI ecosystem may impact data accuracy and lead to inconsistencies across versions of BI reports. Common types of BI ecosystem changes that require report and data validation include:

* Software upgrades – MicroStrategy Integrity Manager ensures that database and BI software upgrades designed to address defect fixes and enhancements do not impact report integrity, and that inconsistencies are identified so they can be corrected prior to being viewed by business users.
* BI project migrations – As part of the normal BI development life cycle, developers continuously migrate entire BI projects or project objects across the development, test, and production environments. Administrators need to confirm that migrated objects perform as expected and do not negatively impact existing BI reports.
* Data warehouse ETL processes – Data loads and ETL scripts can modify or even corrupt existing information within the data warehouse. Database administrators require certainty that the ETL processes are successfully completed, without altering previously loaded data and introducing inconsistencies to BI reports and content.
* Database optimizations – System tuners can alter existing database objects and report parameters, or add new objects such as indexes and aggregate tables to improve report performance and system throughput. Developers need to ensure that subtle SQL changes and database alterations made for performance do not alter query results.
* User profile modifications – As BI applications are modified to provide richer capabilities or as end users move roles within companies, administrators must modify user and user groups’ application privileges and data security profiles. Validation testing ensures that user profile changes do not improperly alter users’ BI reports.

“Data integrity is paramount to the success of any business intelligence application,” said Sanju Bansal, MicroStrategy’s COO. “The more mission critical the business intelligence system, the greater the need for validation testing. MicroStrategy Integrity Manager is an important new product that can give our customers a high degree of confidence that the data in their BI environment is complete and accurate.”

Availability of MicroStrategy Integrity Manager
MicroStrategy Integrity Manager is currently in beta-testing and expected to be generally available in the second half of 2007, as part of the MicroStrategy 8.1.1 release.

To find out more about MicroStrategy Integrity Manager, visit: http://www.microstrategy.com/Software/Products/Dev_Tools/IntegrityManager/

MicroStrategy, MicroStrategy 8, MicroStrategy Business Intelligence Platform, 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.

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy to Host Business Intelligence Symposium in S

Jul 05, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

ANVISA, Avon Brazil, Comafi Bank, General Motors Brazil, SERPRO, Teeleap, Visa Argentina, and Yell Argentina Scheduled to Present

McLean, Va. (July 05, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will host a Symposium in São Paulo, Brazil, July 31-August 1, 2007, at the Grand Hyatt São Paulo. The two-day event will provide an interactive forum for participants to exchange ideas with peers and industry experts, learn best practices in business intelligence from successful companies, and meet with MicroStrategy’s top technology leaders to gain valuable technical insights.

The Symposium’s agenda will feature dozens of sessions covering business intelligence solutions and best practices. MicroStrategy product managers and engineers will lead the technical sessions and demonstrate advanced BI development techniques, provide strategies for optimizing BI application usage and performance, and demonstrate MicroStrategy’s new Dynamic Enterprise Dashboards. Symposium participants can also schedule a one-hour complimentary consultation with a member of the MicroStrategy Technical Advisory Services Team to discuss their most challenging BI issues.

The Symposium will feature real-world case studies from successful MicroStrategy customers, sharing lessons learned in deploying business intelligence applications in their organization. Some of the companies scheduled to present in São Paulo include ANVISA, Avon Brazil, Comafi Bank, General Motors Brazil, SERPRO, Teeleap, Visa Argentina, and Yell Argentina.

“The Symposium is an excellent venue for learning the latest BI strategies, meeting with MicroStrategy experts, and hearing first-hand BI experiences from industry-leading companies,” said Sanju Bansal, MicroStrategy’s COO. “The 2006 São Paulo Symposium was well attended and we look forward to another successful event this year.”

To find out more about the MicroStrategy Symposium in São Paulo, visit: www.microstrategy.com/SaoPauloSymposium2007

Source: MicroStrategy

Tags: MicroStrategy

Corporate Express US Receives TDWI Best Practices Award for MicroStrategy-based Business Intelligence Application

Jun 28, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Corporate Express US received the 2007 Best Practices Award from The Data Warehousing Institute (TDWI) for a MicroStrategy-based business intelligence application

McLean, Va., (June 28, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Corporate Express US received the 2007 Best Practices Award from The Data Warehousing Institute (TDWI) for a MicroStrategy-based business intelligence application. Corporate Express US Inc., part of the Dutch-based Corporate Express NV and one of the world’s largest business-to-business suppliers of essential office and computer products and services, took top honors in the predictive analytics category.

Corporate Express built a market basket application, leveraging MicroStrategy’s business intelligence technology, to improve its online business. The application looks at each item purchased and determines a list of complementary items to recommend to purchasers. The market basket application uncovered insightful new data about the items that customers typically purchase together, enabling Corporate Express to present these items as complementary offerings to online customers. As a result, the average order size for orders with the market basket pairings is more than twice the average order size for orders without pairings. In addition, the information has helped Corporate Express to better serve its customers, with a deeper understanding of purchasing preferences.

“Corporate Express is honored to receive this prestigious award from TDWI,” said Jay Mutschler, Chief Operating Officer for Corporate Express US. “Our MicroStrategy-based market basket application removes the guesswork and enables us to make analytically-based decisions that enhance the online customer experience.”

“We are delighted that Corporate Express was selected for this outstanding recognition from TDWI,” said Sanju Bansal, MicroStrategy’s COO. “The Corporate Express market basket application is an excellent example of the strategic value of business intelligence and its ability to improve business performance and customer service.”

TDWI’s Best Practices Awards program is designed to identify and honor companies that have demonstrated excellence in developing, deploying, and maintaining BI and Data Warehouse (DW) applications. Winners are chosen by a panel of independent judges who have expertise in BI and DW.

About Corporate Express
Corporate Express provides customers with a single source of business products and services, so that they can focus their resources, energy and time on their core business. Corporate Express helps organizations to save time and maximize their productivity.

Headquartered in the Netherlands, Corporate Express NV generated 2006 annual sales of EUR 6.3 billion. The Company has a widespread global distribution network spanning North America, Europe and Australia, has close to 19,000 employees, and operations in 20 countries. Corporate Express is listed on Euronext Amsterdam (Euronext: CXP) and in New York (NYSE: CXP). For more information, please visit www.CorporateExpress.com.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Announces Business Intelligence Symposium in New York City

Jun 26, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Liz Claiborne, Massachusetts General Hospital, Herbalife, Guy Carpenter & Company, Rite-Hite Corporation, Forest Laboratories, and Aperity Scheduled to Present

McLean, Va., (June 26, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will host the MicroStrategy Summer Symposium on July 17-18, 2007, at The Waldorf=Astoria in New York, New York. The event will offer an interactive venue for exchanging ideas and learning practical techniques to optimize BI performance.

MicroStrategy Summer Symposium attendees can choose from dozens of sessions covering a wide range of business and technical topics. MicroStrategy product managers and engineers will demonstrate advanced BI development techniques, provide strategies for optimizing BI application usage and performance, and demonstrate MicroStrategy’s new Dynamic Enterprise Dashboards. Participants can also schedule a one-hour consultation, at no charge, with a member of the MicroStrategy Technical Advisory Services Team to discuss their most challenging BI issues.

A highlight of the Summer Symposium will be presentations from MicroStrategy customers that have successfully deployed enterprise BI applications to improve business performance. Some of the companies scheduled to present at the Summer Symposium include Liz Claiborne Inc., Massachusetts General Hospital, Herbalife, Guy Carpenter & Company, Rite-Hite Corporation, Forest Laboratories, and Aperity.

“The MicroStrategy Symposia have been highly successful in providing participants with a collaborative venue where they can share best practices, learn practical ideas to enhance BI performance, and network with other BI professionals,” said Sanju Bansal, MicroStrategy COO. “We look forward to another excellent event in New York City.”

To find out more about the MicroStrategy Summer Symposium in New York City, visit: www.microstrategy.com/NewYorkSymposium2007

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Stage Stores Expands Deployment of MicroStrategy for Merchandising Reporting and Analysis

Jun 19, 2007 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Stage Stores, Inc. is expanding its deployment of MicroStrategy for reporting and analysis of sales and inventory data. Stage Stores, Inc. operates 667 retail stores loca

McLean, Va., (June 19, 2007) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Stage Stores, Inc. is expanding its deployment of MicroStrategy for reporting and analysis of sales and inventory data. Stage Stores, Inc. operates 667 retail stores located in 33 states.

MicroStrategy will provide Stage Stores with key reporting and analysis capabilities to evaluate sales and inventory performance across its network of stores. The Stage Stores user community will include buyers, planners, and allocators evaluating operational performance with transactional reports. Stage Stores has also deployed MicroStrategy to assess vendor performance, analyze point-of-sale transactions, and produce financial reports.

“MicroStrategy is a powerful tool that provides excellent analysis capabilities, especially for organizations with enormous amounts of data,” said Jeff Kish, CIO of Stage Stores. “By streamlining the analysis of our transactional data, our users will have the information they need to make strategic, data-driven decisions.”

“We are delighted that Stage Stores has selected MicroStrategy for its merchandising analysis,” said Sanju Bansal, MicroStrategy’s COO. “The MicroStrategy platform enables retailers to gain valuable insights into essential areas such as store operations, product sales, marketing campaigns, merchandise management, and customer loyalty.”

About Stage Stores
Stage Stores, Inc. brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 667 stores located in 33 states. The Company operates under the Bealls, Palais Royal and Stage names throughout the South Central states, and under the Peebles name throughout the Midwestern, Southeastern, Mid-Atlantic and New England states. For more information about Stage Stores, visit the Company’s web site at www.stagestores.com.

Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

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