Latest Business Intelligence News
The Advisory Board Company Selects MicroStrategy to Provide Hospitals with Improved Visibility Into Business Performance
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that The Advisory Board Company (NASDAQ: ABCO) has selected MicroStrategy to provide its members with enhanced visibility into financial, operational, and clinical perfor
McLean, Va., (June 14, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that The Advisory Board Company (NASDAQ: ABCO) has selected MicroStrategy to provide its members with enhanced visibility into financial, operational, and clinical performance. The Advisory Board Company is the leading worldwide health care research and professional services firm serving more than 2,600 hospitals and health systems.
Using MicroStrategy, the Advisory Board enables member hospitals to gain greater insights into their business and to incorporate best practices into their daily operations. The Advisory Board provides multiple, hosted business intelligence applications, each focusing on a distinct area critical to hospital margin and clinical improvement and each leveraging the Advisory Board’s deep industry expertise. Member hospitals are able to use the secure, Web-based analytical tools to improve their performance through better, faster, data-driven decision making, and have seen significant financial improvements as a result.
The Advisory Board uses MicroStrategy to create a single-host multi-tenant architecture, where the Advisory Board builds and maintains an application that is shared across its member hospitals. Even though the application is shared, MicroStrategy’s robust security infrastructure ensures that each hospital only has access to its own data. There are currently thousands of individual users – from CFOs to business analysts – accessing the applications on a daily basis.
“Hospitals have a significant opportunity to improve performance through business intelligence,” said Dennis Shin, Executive Director at the Advisory Board. “Our research shows that top performing organizations separate themselves from their peers by their ability to quickly diagnose the root cause of recurring problems and issues and spend time not on diagnosis but on driving to solutions. Our business intelligence membership programs – which include our distinctive business intelligence tools on MicroStrategy’s platform as well as our best practice research and domain expertise to drive ongoing improvement – really help our member hospitals reach and maintain the top tier of performance.”
“Many organizations across the healthcare industry rely on MicroStrategy to analyze and improve operations, service quality, resource utilization, and claims administration,” said Sanju Bansal, COO of MicroStrategy. “We are proud to work with the Advisory Board and to support their BI applications that are providing exceptional value to member hospitals.”
About The Advisory Board Company
The Advisory Board Company (NASDAQ: ABCO) provides best practices research and analysis to the health care industry, focusing on business strategy, operations and general management issues. The Advisory Board Company provides best practices and research through discrete annual programs to a membership of more than 2,600 hospitals, health systems, pharmaceutical and biotech companies, health care insurers, and medical device companies in the United States.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Symposium in London, England to Feature Business Intelligence Best Practices
Virgin Retail, Yahoo!, Highways Agency, Amlin, and Cork County Council Scheduled to Present
McLean, Va., (June 12, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it will host a Symposium in London, England, on July 10-11, 2007, at the Radisson SAS Portman Hotel. The event will offer a broad range of educational sessions and customer presentations featuring best practices in business intelligence.
Attendees will have the opportunity to interact with BI experts and hear how successful organizations use BI software to improve decision making and enhance business performance. MicroStrategy product managers and engineers will lead the technical sessions and discuss 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.
The Symposium will feature presentations from MicroStrategy customers sharing their BI strategies, and how they successfully deployed multiple projects across their enterprises. Some of the companies scheduled to present include Virgin Retail, the UK’s leading entertainment retail chain; Yahoo! Inc., a leading global Internet brand and one of the most trafficked Internet destinations worldwide; Highways Agency, an executive agency of the Department for Transport that manages, maintains, and improves England’s motorways; Amlin plc, a recognized leader in the London insurance and reinsurance market; and Cork County Council, a local authority that administers government services across the largest county in Ireland.
“The highly interactive format of our Symposium gives attendees the opportunity to engage in lively discussions on their most pressing business intelligence questions,” said Sanju Bansal, MicroStrategy COO. “This is the ideal venue to explore new ideas, meet with MicroStrategy experts, and hear first-hand BI experiences from industry leaders.”
To find out more about the MicroStrategy Symposium in London, visit: www.microstrategy.com/LondonSymposium2007
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Expands Support for Microsoft Platform Products
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it is extending its relationship with Microsoft Corporation with support for the 2007 Microsoft Office system.
McLean, Va. (June 06, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it is extending its relationship with Microsoft Corporation with support for the 2007 Microsoft Office system.
MicroStrategy has a long-standing commitment to the integration of its platform with the Microsoft platform. By combining the 2007 Microsoft Office system with MicroStrategy’s industrial-strength business intelligence platform, MicroStrategy delivers an Office Business Application (OBA) that empowers its business users to satisfy their own business intelligence requirements using familiar and powerful tools.
MicroStrategy Office(TM) expands the use of business intelligence across an organization by enabling business users to run, edit, and format any MicroStrategy report directly within the 2007 Microsoft Office system applications, including Microsoft Office Word 2007, Microsoft Office PowerPoint 2007, Microsoft Office Excel 2007, and Microsoft Office Outlook 2007. MicroStrategy Office supports multiple data presentation modes, including grid, live graph, graph image, document, PivotTable, and PivotChart. The MicroStrategy platform provides users both on-line and off-line analysis with powerful refresh capabilities in a zero-footprint work space. As a Smart Client, MicroStrategy Office supports the Microsoft .NET Framework, XML, Web Services, and Smart Tags.
“We are excited to work more closely with MicroStrategy to support our customers’ business intelligence needs,” said Eddie Amos, senior director of Developer and Platform Evangelism at Microsoft. “As a result of the deep integration, our customers are able to benefit from the robust analysis capabilities of the MicroStrategy BI solution from within the familiar and powerful tools of the 2007 Office system. OBAs are a key component of the future of integrated business intelligence. Using OBAs from companies such as MicroStrategy, customers are able to deliver functionality to the information workers in their organizations, who are truly impacting business performance.”
“We are proud of our strong relationship with Microsoft and the extensive integration between our technologies,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy Office expands the capabilities of the MicroStrategy BI platform to all users of the 2007 Microsoft Office system, providing seamless access to critical enterprise data for reporting, analysis, and monitoring.”
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
Corporate Express US Expands Use of MicroStrategy Business Intelligence Software
MicroStrategy Selected to Provide Corporate Expressâ?? Customers with Insight into Office Supply Purchases
McLean, Va., (May 31, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Corporate Express US, a wholly owned subsidiary of Corporate Express NV (NYSE: CXP), has selected MicroStrategy for its online customer reporting application. Corporate Express US Inc. is one of the world’s largest business-to-business suppliers of essential office and computer products and services.
With MicroStrategy, Corporate Express customers will be able to run reports and analyze data related to their office supply purchases. More than 10,000 customers are expected to use this online service, which will be available through Corporate Express’ award-winning EWAY Internet ordering site. Corporate Express customers, from executives to business analysts, will be able to view procurement data using at-a-glance dashboards and standard reports and by drilling down to transaction-level data for more detailed investigation. Corporate Express currently uses MicroStrategy to monitor business performance at the corporate and divisional levels and to perform interactive enterprise reporting and analysis.
“After evaluating numerous business intelligence products, we chose MicroStrategy for this essential customer-focused initiative,” said Wayne Aiello, VP of eBusiness at Corporate Express US. “MicroStrategy’s data and user scalability, powerful reporting capabilities, and ease-of-use made it a logical choice for us. We look forward to giving our customers easy access to their procurement data, which will provide enhanced insights into their purchasing profiles with Corporate Express.”
“Many of the world’s leading companies rely on MicroStrategy to increase customer service, improve operational efficiencies, and enhance business performance,” said MicroStrategy’s COO Sanju Bansal. “We are delighted that Corporate Express has been successful using MicroStrategy and has selected MicroStrategy for their new online customer reporting application.”
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.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Selected by Netflix as Enterprise Business Intelligence Standard
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Netflix, Inc. has selected MicroStrategy as its enterprise reporting and analysis standard. Netflix is the world’s largest online movie rental service.
MCLEAN, Va., (May 23, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Netflix, Inc. has selected MicroStrategy as its enterprise reporting and analysis standard. Netflix is the world’s largest online movie rental service.
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.
“We evaluated several other business intelligence products and found that MicroStrategy offers us the flexibility and scalability we need to support our growing business intelligence applications,” said Wayne Peacock, vice president of Business Intelligence at Netflix. “We are impressed with MicroStrategy’s intuitive Web interface, which will enable our users to make strategic, analytically-based decisions to better serve our growing business.”
“Netflix is an exciting online retailer and we are proud to count them as a new MicroStrategy customer,” said MicroStrategy COO, Sanju Bansal. “The MicroStrategy platform delivers content-rich reports and analyses that are highly useful tools for online retailers that are committed to improving customer service and business performance.”
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 http://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
Wilton Industries Chooses MicroStrategy as Enterprise Reporting Standard
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Wilton Industries has chosen MicroStrategy as its enterprise reporting standard. Wilton Industries has three distinctive consumer products companies: Wilton Enterprises,
MCLEAN, Va., (May 09, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Wilton Industries has chosen MicroStrategy as its enterprise reporting standard. Wilton Industries has three distinctive consumer products companies: Wilton Enterprises, Copco, and The Weston Gallery.
MicroStrategy’s integrated business intelligence platform supports a wide range of reporting applications for Wilton Industries across its three companies. MicroStrategy is used by Wilton’s management and key personnel to obtain greater insights into business areas, including finance and accounting, inventory analysis, customer service, sales administration, product development, forecast analysis, accounts receivable, and category management. MicroStrategy has significantly condensed reporting time for Wilton users, with report development from concept to final product now possible in several days instead of months.
“MicroStrategy gives us a single source for critical information throughout the organization, so we can spend less time debating data and more energy making critical decisions,” said Mike Glazik, Vice President of Customer Service for Wilton Industries. “MicroStrategy fits the needs of our growing business with its dynamic, cutting-edge features and the scalability to keep our growing user base apprised of business performance.”
“We are delighted that Wilton Industries has selected MicroStrategy to support its enterprise-wide reporting requirements,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy’s advanced reporting capabilities, user-friendly Web interface, and data scalability are well-suited for companies like Wilton Industries that have expanding business intelligence requirements and a diverse user population.”
About Wilton Industries
Wilton Industries, based in Woodridge, Illinois, has successfully united three distinctive consumer products companies whose strategic focus is product innovation and quality. The three divisions are Wilton Enterprises, Copco, and The Weston Gallery. The company’s best-known division, Wilton Enterprises, sells cake baking and decorating items in more than 100 countries. Wilton’s Copco division is the leading manufacturer of teakettles, and its Weston Gallery unit is a full-line picture frame supplier to the retail industry.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Announces First Quarter 2007 Financial Results
Year-Over-Year Revenue Growth Achieved for 17th Consecutive Quarter
MCLEAN, Va., (May 07, 2007) –
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, 2007 (the first quarter of its 2007 fiscal year).
First quarter 2007 revenue was $72.4 million versus $69.5 million for the first quarter of 2006, a 4% increase. Product support and other services revenue for the first quarter of 2007 was $55.7 million versus $46.4 million for the first quarter of 2006, a 20% increase. Product support and other services revenue increased primarily due to an increase in the installed base of technical support contracts. Product licenses revenue for the first quarter of 2007 was $16.7 million versus $23.1 million for the first quarter of 2006, a 28% decrease. The decrease in product licenses revenue was due, in part, to the absence of any license transactions in excess of $1.1 million during the first quarter of 2007.
Operating expenses for the first quarter of 2007 were $45.4 million versus $39.0 million for the first quarter of 2006, a 16% increase. The increase in first quarter operating expenses was primarily due to an increase in worldwide employee headcount and reflects the continued expansion of our worldwide sales and services organization and administrative and IT support functions. During the first quarter of 2007, MicroStrategy capitalized $2.4 million in software development costs. First quarter 2007 income from operations was $14.7 million, or 20% of revenue, versus $21.0 million, or 30% of revenue, for the first quarter of 2006. Net income for the first quarter of 2007 was $9.8 million, or $0.75 per share on a diluted basis, versus $15.0 million, or $1.05 per share on a diluted basis, for the first quarter of 2006.
“Our first quarter results were mixed with an increase in revenue in our services business over the first quarter of 2006 offset in part by a decline in product license revenues,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “We are continuing to focus on enhancing our global sales and services capabilities, building our global management team, and strengthening our support infrastructure.”
For the first quarter of 2007, MicroStrategy’s effective tax rate was 37.2%, compared to 30.8% in the first quarter of 2006. The increase in the effective tax rate was primarily caused by net losses in certain foreign subsidiaries for which the company was not able to recognize a tax benefit from those losses for financial reporting purposes and, to a lesser extent, the recognition of additional tax expense related to the implementation of FASB Interpretation No. 48 Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109 (“FIN 48”). Pursuant to the implementation requirements of FIN 48, MicroStrategy recorded an adjustment to increase its accumulated deficit in the amount of $6.5 million as of January 1, 2007.
As of March 31, 2007, MicroStrategy had $67.0 million in cash and cash equivalents and 9,625,512 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 Q1 2007 Included:
21st Century Insurance; The Advisory Board; Alticor; Amica Mutual Insurance; Canadian Institute for Health Information; Carl Warren & Co.; Catalina Marketing Corporation; Classmates Online, Inc.; CNN; David’s Bridal; GE Medical Systems; Hughes Supply; ITT Industries; La Capitale Assurances Generales; Nygard International; Payless ShoeSource Worldwide, Inc.; Redwood Trust; Russ Berrie & Co., Inc.; Shoppers Drug Mart Inc.; SOCAN; Stage Stores; TVA Group Inc.; Unified Western Grocers; Verispan, LLC; Wilton Industries, Inc.; and Woodside Group.
Examples of Customer Deals from Q1 2007:
Canadian Institute for Health Information
The Canadian Institute for Health Information (CIHI) is an independent, not-for-profit organization that collects and analyzes health data in Canada and is considered a world leader in its field. CIHI selected MicroStrategy software for the development of an improved web-based public information service, QuickStats. QuickStats will enable the public, government officials, and health care providers to run reports and access timely, accurate, and comparable information on health and health care in Canada. Users will be able to access information in an easy-to-use, web-based environment to explore and answer health care questions.
Nygard International
Nygard International, a Winnipeg-based international manufacturer, distributor, and retailer of women’s fashion apparel, operates 200 stores and sells to retailers in Canada and the U.S. To support its supply chain management initiatives, Nygard depends on MicroStrategy for detailed analyses of sales information and to track key performance indicators from its retail stores. With actionable information from MicroStrategy, Nygard users have greater insights to enhance price optimization and merchandise design. A MicroStrategy customer for eight years, Nygard cited ease-of-use and scalability as reasons it recently expanded its use of MicroStrategy.
TVA Group Inc.
TVA Group runs the production, broadcasting, and distribution of French- language entertainment, news, and public affairs programming in North America. TVA Group has expanded its use of MicroStrategy to run mandatory reporting for the Canadian Radio-Television and Telecommunication Commission (CRTC). TVA Group also uses MicroStrategy to monitor ratings and advertising sales, and track its inventory of video clips. MicroStrategy was selected for its scalability, flexibility, and web-based architecture.
Wilton Industries
Wilton Industries selected MicroStrategy as its enterprise reporting standard to support a wide range of reporting applications across its three distinctive consumer product companies: Wilton Enterprises, Copco, and The Weston Gallery. Wilton’s management and key personnel use MicroStrategy to obtain greater insights into business areas, including finance and accounting, inventory analysis, customer service, sales administration, product development, forecast analysis, accounts receivable, and category management. MicroStrategy has significantly condensed reporting time for Wilton users, with report development from concept to final product now possible in several days instead of months.
Launch of MicroStrategy Dynamic Enterprise Dashboards(TM):
MicroStrategy Dynamic Enterprise Dashboards were introduced as part of MicroStrategy’s 8.1 software release, which became generally available on March 23, 2007. The new dashboards combine advanced data visualization capabilities with MicroStrategy’s BI platform to deliver highly intuitive dashboards that help companies manage business performance and improve decision making.
Dynamic Enterprise Dashboards enable users to access a tremendous amount of information in an intuitive, graphical format that enhances the interpretation and analysis of business data. Users have a consolidated view of enterprise data and the ability to intuitively flip through multiple perspectives of corporate performance without leaving the dashboard.
MicroStrategy Dynamic Enterprise Dashboards Praised by Industry Analysts and Customers:
“With the release of version 8.1 and the Dynamic Enterprise Dashboards, MicroStrategy will elevate the market’s expectations of what should be in an enterprise BI platform,” said Mark Smith of Ventana Research. “MicroStrategy has developed and embedded in its Dynamic Enterprise Dashboards a high quality graphing engine and incorporated desktop publishing-quality output so companies can build and deploy dashboards and applications that bring vivid presentation, interactive analysis, and embedded report display into one environment.”
“MicroStrategy 8.1 offers a completely new way to present information for our users at Nordstrom,” said James Taylor, IT Program Manager at Nordstrom. “MicroStrategy’s technology is definitely moving in the right direction with its dynamic dashboards.”
“MicroStrategy Dynamic Enterprise Dashboards represent a new caliber of dashboard,” said Ryan Osterhues, MicroStrategy Administrator at PETCO Animal Supplies, Inc. “With MicroStrategy 8.1, there are many ways in which our data can be visualized and displayed to our decision-makers.”
“We are very excited about MicroStrategy 8.1, as the new Flash functionality goes above and beyond standard dashboards,” said Andreas Happel, Director BI and Portal Architecture at MACH, a leading provider of inter- operator solutions to the telecommunications and data industry worldwide. “With the Dynamic Enterprise Dashboards, we will enhance the speed and quality of our decision making and offer more visually appealing dashboard capabilities to our user community.”
“We are impressed with the rich platform of MicroStrategy 8.1, especially the new graphs, panels, and selectors,” said Jordan Silvergleid, Managing Director at the Advisory Board Company. “MicroStrategy Dynamic Enterprise Dashboards are truly engaging and can be intuitively designed, built, and deployed with ease over the web.”
MicroStrategy 2007 Events:
MicroStrategy plans to host a one-hour webcast, “Using Dashboards to Improve Corporate Performance: Top 10 Best Practices,” on May 16, 2007. Showcasing MicroStrategy’s Dynamic Enterprise Dashboards, the webcast will feature demonstrations, commentary from MicroStrategy customers Lowe’s Companies and Classic Residence by Hyatt, as well as insights from Wayne Eckerson, Director of TDWI Research, and author of Performance Dashboards: Measuring, Monitoring, and Managing Your Business. For more information and to register for the event, visit www.microstrategy.com/DashboardsTop10.
In the first quarter of 2007, MicroStrategy held a series of events in 45 locations around the world to launch its Dynamic Enterprise Dashboards. More than 2,000 people attended the half-day events, which featured customer presentations and demonstrations of the new MicroStrategy dashboard capabilities.
MicroStrategy continues its successful Symposia series in the U.S., Europe, and Latin America. Recently, MicroStrategy held Symposia events in Madrid, Atlanta, and Frankfurt. Each Symposium featured technical sessions as well as informative presentations from MicroStrategy customers sharing lessons learned in deploying business intelligence applications in their organization.
The MicroStrategy Symposium in Madrid included customer presentations from Travel Club, the leading multi-brand loyalty program in the Spanish market; Gobierno de Canarias, serving the citizens of the Canary Islands; Red Electrica de Espana, responsible for the transmission network and operation of the Spanish electricity system; and Mapfre Re, the largest Spanish professional reinsurer.
Customer speakers at the MicroStrategy Symposium in Atlanta included National Distributing Company, Inc., the fourth largest alcoholic beverage distributor in the U.S.; AutoTrader.com, the Internet’s leading auto classifieds marketplace and consumer information website; Healthways, the leading provider of specialized, comprehensive Health and Care Support(SM) solutions; and the U.S. Department of Housing and Urban Development (HUD).
The MicroStrategy Symposium in Frankfurt featured presentations from companies, including the REWE Group, Europe’s fourth largest retailer; Siemens IT Solutions and Services, an internationally leading provider of IT solutions and services; Universal-Investment, a German institutional fund administration company; Sanacorp Pharmahandel AG, whose principal activity is the wholesale and distribution of pharmaceuticals and related goods to pharmacies; dm- drogerie markt, the second-largest drugstore chain in Germany; ihb, the Scientific Institute for Application Software of Higher Education Institutions in Bamberg, Germany; and E.ON Avacon AG, one of the largest regional energy service providers in Germany.
Additional 2007 Symposia are scheduled for New York City, Sao Paulo, London, Chicago, and Milan. MicroStrategy also expects to hold more than 12 Technology Day events in 2007 throughout the U.S., Europe, Latin America, and Asia Pacific. These one-day events offer a technical and a business track, with practical tools to enhance business intelligence initiatives.
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 http://www.microstrategy.com .
MicroStrategy, MicroStrategy 8, MicroStrategy Business Intelligence Platform, and MicroStrategy Dynamic Enterprise Dashboards 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; 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
March 31,
2007 2006
(unaudited) (unaudited)
Revenues
Product licenses $16,699 $23,133
Product support and other services 55,729 46,365
Total revenues 72,428 69,498
Cost of Revenues
Product licenses 589 704
Product support and other services 11,730 8,830
Total cost of revenues 12,319 9,534
Gross profit 60,109 59,964
Operating Expenses
Sales and marketing 24,797 19,969
Research and development 7,013 8,250
General and administrative 13,600 10,749
Amortization of intangible assets 18 18
Total operating expenses 45,428 38,986
Income from operations 14,681 20,978
Financing and Other Income
Interest income, net 981 830
Other income (expense), net 23 (151)
Total financing and other income 1,004 679
Income before income taxes 15,685 21,657
Provision for income taxes 5,840 6,664
Net income $9,845 $14,993
Basic earnings per share $0.78 $1.11
Diluted earnings per share $0.75 $1.05
Basic weighted average shares outstanding 12,567 13,568
Diluted weighted average shares outstanding 13,159 14,304
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
March 31, December 31,
2007 2006
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $66,978 $78,980
Restricted cash and investments 3,827 3,799
Short-term investments 15 16
Accounts receivable, net 34,138 54,468
Prepaid expenses and other current assets 8,890 8,633
Deferred tax assets, net 39,023 29,510
Total current assets 152,871 175,406
Property and equipment, net 11,115 11,102
Capitalized software development costs, net 3,866 1,903
Deposits and other assets 7,507 2,461
Deferred tax assets, net 39,553 57,944
Total assets $214,912 $248,816
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $21,747 $24,378
Accrued compensation and employee benefits 20,665 31,872
Deferred revenue and advance payments 73,189 56,578
Total current liabilities 115,601 112,828
Deferred revenue and advance payments 2,299 1,127
Other long-term liabilities 1,581 1,710
Total liabilities 119,481 115,665
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;
14,037 shares issued and 9,626
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 444,626 440,768
Treasury stock, at cost; 4,412 and
4,054 shares, respectively (313,516) (268,776)
Accumulated other comprehensive income 2,969 3,123
Accumulated deficit (38,665) (41,981)
Total stockholders’ equity 95,431 133,151
Total liabilities and stockholders’ equity $214,912 $248,816
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three months ended
March 31,
2007 2006
(unaudited) (unaudited)
Operating activities:
Net income from continuing operations $9,845 $14,993
Adjustments to reconcile net income from
continuing operations to net cash provided
by operating activities:
Depreciation and amortization 1,833 2,070
Bad debt provision 70 617
Deferred taxes 4,273 6,317
Share-based compensation 185 404
Excess tax benefits from share-based
payment arrangements (1,887) (1,882)
Other, net 52 –
Changes in operating assets and liabilities:
Accounts receivable 20,433 5,145
Prepaid expenses and other current assets (199) (556)
Deposits and other assets (5,049) 339
Accounts payable and accrued expenses,
compensation and employee benefits (14,248) (11,133)
Deferred revenue and advance payments 17,372 13,663
Other long-term liabilities (31) (151)
Net cash provided by operating
activities 32,649 29,826
Investing activities:
Proceeds from maturities of short-term
investments – 65,650
Purchases of short-term investments – (39,924)
Purchases of property and equipment, net (1,392) (766)
Capitalized software development costs (2,419) –
Increase in restricted cash and investments (14) (45)
Net cash (used in) provided by investing
activities (3,825) 24,915
Financing activities:
Proceeds from sale of class A common stock
under employee stock purchase plan and
exercise of employee stock options 1,636 2,384
Excess tax benefits from share-based
payment arrangements 1,887 1,882
Purchases of treasury stock (44,740) (58,796)
Net cash used in financing activities (41,217) (54,530)
Effect of foreign exchange rate changes
on cash and cash equivalents 391 215
Net (decrease) increase in cash and cash
equivalents (12,002) 426
Cash and cash equivalents, beginning of
period 78,980 42,318
Cash and cash equivalents, end of period $66,978 $42,744
SOURCE MicroStrategy Incorporated
CONTACT: Investor Relations, MicroStrategy Incorporated,
+1-703-848-8600, ir@microstrategy.com
Source: MicroStrategy
Sears Holdings Selects MicroStrategy for Business Analysis and Reporting
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Sears Holdings (Nasdaq: SHLD), parent of Kmart and Sears, Roebuck and Co., has selected MicroStrategy to support multiple business intelligence applications.
MCLEAN, Va. (May 02, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Sears Holdings (Nasdaq: SHLD), parent of Kmart and Sears, Roebuck and Co., has selected MicroStrategy to support multiple business intelligence applications.
“Sears Holdings is one of the largest retailers in the nation and we are proud to provide them with insightful reports to support their business,” said MicroStrategy’s COO, Sanju Bansal. “MicroStrategy has been embraced by retailers because of our scalable and flexible platform that enables them to analyze transactional data and gain vital intelligence on areas such as sales trends, inventory management, store operations, merchandise management, and customer loyalty.”
Mr. Bansal added, “By working with MicroStrategy, Sears and Kmart associates will be able to report on and analyze data to more efficiently manage their business. With MicroStrategy, Sears’ business users can gain greater insights into sales, inventory, ordering, and market basket information to make timely and analytically-based decisions.”
MicroStrategy’s intuitive Web interface and self-service infrastructure will save time for Sears Holdings’ business users and eliminate the need to request special reports from the IT organization.
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 http://www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Recognizes Three German Companies for Their Business Intelligence Achievements
bioVista, GEHE Pharma Handel, and Thomas Cook Honored at the MicroStrategy Symposium in Frankfurt
MCLEAN, Va. (April 25, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it honored three German 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 2007 Honors Award winners for Germany are bioVista, GEHE Pharma Handel GmbH, and Thomas Cook AG. The awards were announced today at the MicroStrategy Symposium in Frankfurt, Germany.
By deploying MicroStrategy business intelligence applications, these companies are sharing information across their enterprises to enhance business performance, improve efficiency and productivity, and strengthen customer relationships. “We applaud these customers for their exceptional use of business intelligence,” said Sanju Bansal, MicroStrategy’s COO. “Each company has taken a unique approach to delivering business intelligence throughout their organization and has demonstrated best practices in business intelligence to significantly enhance corporate performance.”
bioVista: bioVista collects retail data for the natural foods market in Germany. Developed as a non-biased information source, bioVista provides market data and trends to hundreds of retailers and food suppliers. bioVista uses MicroStrategy to give their customers a BI platform to analyze data on product sales, product development, and pricing. As a result, bioVista’s customers can make analytically-based decisions to improve their market leadership and pricing strategies. MicroStrategy honors bioVista for its rapid development of an extranet application for the natural foods market.
GEHE Pharma Handel GmbH: One of the leading wholesale suppliers of pharmaceutical products in Germany, GEHE Pharma Handel delivers pharmaceutical products up to 5 times per day from 20 logistics centers across Germany. GEHE Pharma Handel uses MicroStrategy enterprise-wide for reporting and analysis of key business areas, including sales, purchasing, and planning. Additionally, GEHE Pharma Handel uses MicroStrategy to provide reports for local pharmacies. MicroStrategy recognizes GEHE Pharma Handel for its innovation in building and maintaining an enterprise-wide business intelligence solution.
Thomas Cook AG: Thomas Cook is one of the leading travel operators in the European market. In Germany, Thomas Cook’s holdings include tour operators Thomas Cook Reisen, Neckermann Reisen, Neckermann Preisknuller, and Bucher Last Minute, as well as 1,100 owned and franchised travel agencies, and Condor, one of the leading worldwide holiday airlines. The MicroStrategy platform anchors many of Thomas Cook’s business intelligence applications, providing hundreds of users with greater insights into finance, operations, sales, and customer service. MicroStrategy presents the Honors Award to Thomas Cook for its extensive use of business intelligence to improve corporate performance and customer service.
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 http://www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy 8 Now Available for the HP Neoview Platform
MicroStrategy 8 Now Available for the HP Neoview Platform
MCLEAN, Va., (April 24, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that MicroStrategy 8 has been certified for HP Neoview, an enterprise-class, integrated data warehouse platform.
The combination of MicroStrategy’s business intelligence software and the HP Neoview platform enables companies with large BI applications to capitalize on their data with fast response times, as well as reduced administration and maintenance. MicroStrategy provides advanced query performance through aggregate awareness and the generation of dynamic SQL that is specifically tailored for HP Neoview. Compared with conventional OLAP, MicroStrategy’s Relational OLAP (ROLAP) technology provides added features, including multi- pass SQL that enables more sophisticated analytics on a single report.
“MicroStrategy has a long-standing relationship with HP and we are committed to tightly integrating our technologies for the benefit of our customers,” said Sanju Bansal, MicroStrategy’s COO. “The combination of MicroStrategy 8 with the HP Neoview platform is well-suited for customers who build BI applications with large volumes of data and large numbers of concurrent users.”
“With BI evolving into a business imperative and top priority for CIOs, we believe HP Neoview is the right choice for helping customers meet their data warehousing needs,” said Ben Barnes, vice president and general manager, Business Intelligence Group, Software, HP. “Now that MicroStrategy is certified for the HP Neoview platform, customers have even more robust tools at their fingertips to easily manage business-critical information and ultimately make better business 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