Latest Business Intelligence News
For Sixth Consecutive Year, MicroStrategy Customers Analyzed Largest Data Volumes
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The OLAP Survey 6, a leading independent survey of the business intelligence (BI) software market, has recognized the large data handling capabilities of MicroStrategyâ??
McLean, Va., (February 20, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The OLAP Survey 6, a leading independent survey of the business intelligence (BI) software market, has recognized the large data handling capabilities of MicroStrategy’s software. For the sixth consecutive year, MicroStrategy customers reported the largest data volumes, as compared to customers of other business intelligence products, including Business Objects, Cognos Analysis, and Oracle Discoverer.
The OLAP Survey 6, conducted annually by independent analyst Nigel Pendse and Survey.com, compiled real-world BI experiences of 1,679 organizations and found that MicroStrategy customers accessed the largest data volumes by a significant margin. MicroStrategy customers are accessing a median of 315.5 Gigabytes (GB) in this latest survey. These median data volumes are larger, by more than a factor of 4, than that of customers of SAP BW, the second-place product, and larger, by a factor of 65, than that of customers of Cognos.
Median Reported Data Input Volumes of Peer Group
BI Vendor Input Data Volume (GB)
MicroStrategy 316
SAP BW 68
Business Objects 12
Hyperion Essbase 9
Oracle Discoverer 8
Cognos Analysis 5
The cube-based OLAP technology employed by most BI providers is optimized for small volumes of data and is not well-suited for high data volume, transaction-level BI applications. In contrast, MicroStrategy’s proprietary Relational OLAP (ROLAP) technology allows interactive analysis of terabyte-sized relational databases.
“For the sixth consecutive year, MicroStrategy sites have reported the largest data volumes of all, with a substantial gap between MicroStrategy and the second place product,” said Nigel Pendse, author of The OLAP Survey 6. “Despite most vendors claiming to be able to handle large, detailed applications, it is clear that only MicroStrategy’s customers are actually implementing such transaction level BI databases. MicroStrategy continues to be the clear leader in the enterprise-scale BI segment.”
“We are delighted that, once again, MicroStrategy’s customers reported that they analyzed, by far, the largest amounts of data,” said Sanju Bansal, MicroStrategy’s COO. “MicroStrategy’s technology is an excellent choice for enterprise-wide business intelligence deployments, enabling customers to efficiently access large data volumes to improve business performance.”
To view a summary of The OLAP Survey 6 results, go to: http://www.microstrategy.com/OLAPSurvey6.
The OLAP Survey
The OLAP Survey, conducted annually by Nigel Pendse and Survey.com, is the leading independent survey of the BI market space. This year marks the 6th release of The OLAP Survey, compiling the BI experiences of 1,679 organizations across 87 countries. For more information, visit http://www.survey.com/olap.
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
Industry Survey Recognizes MicroStrategy as Top Product for Business Intelligence Standardization
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The OLAP Survey 6, a leading independent survey of the business intelligence (BI) software market, has recognized MicroStrategy as the top product for BI standardization
McLean, Va., (February 15, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that The OLAP Survey 6, a leading independent survey of the business intelligence (BI) software market, has recognized MicroStrategy as the top product for BI standardization. For the second consecutive year, MicroStrategy’s software was the top BI product selected by customers asked to choose one product for BI standardization.
The OLAP Survey 6, conducted annually by independent analyst Nigel Pendse, asked BI customers using more than one product to select the product on which they would choose to standardize if forced to pick one, and to explain why. MicroStrategy was cited as the top product on which to standardize, with 92.4% of the respondents indicating they would select MicroStrategy as their enterprise BI standard.
Business intelligence products that are typically good candidates for standardization must be easy to use, suitable for a broad array of BI applications, and provide a wide range of BI functionality. When asked why they selected MicroStrategy, respondents cited product features, its ability to support large numbers of concurrent users, web deployability, and multi-platform support.
Preferred Products to Retain When Standardizing – Peer Group Comparison
MicroStrategy 92%
SAP BW 81%
Cognos Analysis 75%
Hyperion Essbase 74%
Business Objects 58%
Oracle Discoverer 50%
“The rising tendency of Survey participants with multiple BI products to continue to rank MicroStrategy as the top product to keep in a standardization exercise, is a reflection of MicroStrategy’s widening range of capabilities and suitability for BI standardization,” said Nigel Pendse, author of The OLAP Survey 6. “Large vendors that have consistently failed to deliver are seemingly being repaid with declining loyalty from their customers.”
“The preference by customers to standardize on MicroStrategy is indicative of MicroStrategy’s highly scalable and efficient architecture, which is well-suited for enterprise-wide business intelligence deployments,” said Sanju Bansal, MicroStrategy’s COO.
To view a summary of The OLAP Survey 6 results, go to: http://www.microstrategy.com/OLAPSurvey6.
The OLAP Survey
The OLAP Survey, conducted annually by Nigel Pendse and Survey.com, is the leading independent survey of the BI market space. This year marks the 6th release of The OLAP Survey, compiling the BI experiences of 1,679 organizations across 87 countries. For more information, visit http://www.survey.com/olap.
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 Rated #1 in Customer Loyalty, According to The OLAP Survey 6
For Third Consecutive Year, MicroStrategy Customers Most Loyal
McLean, Va., (February 07, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that in a comprehensive survey of companies using business intelligence (BI) software products, those using MicroStrategy are the most loyal and satisfied. MicroStrategy received an overall customer loyalty score of 83.3% and was the highest ranked business intelligence software product reviewed.
The OLAP Surveys, conducted annually by industry analyst Nigel Pendse and Survey.com, are the most comprehensive independent surveys of the BI market space and products. This year’s survey, The OLAP Survey 6, compiled the real-world BI experiences of 1,679 organizations across 87 countries.
According to The OLAP Survey 6, customer loyalty is an indication of how satisfied a customer is with a vendor’s products and services and is a crucial factor in vendor success. A loyal customer is defined as one that continues to use existing applications; purchases additional software to deploy existing applications more widely; uses the product in preference to others when implementing new applications; and favors the product if there is ever a demand to reduce the number of BI suppliers.
Comparing a peer group of BI products reviewed in The OLAP Survey 6, the customer loyalty scores were as follows:
BI Vendor Overall Customer Loyalty Score
MicroStrategy 83%
Cognos Analysis 74%
SAP BW 67%
Hyperion Essbase 64%
Business Objects 56%
Oracle Discoverer 41%
“The fact that MicroStrategy was rated number one in customer loyalty for the third year in a row is a remarkable achievement,” reported Nigel Pendse, author of The OLAP Survey 6. “The results confirm that well-known vendors, who have pursued a growth strategy based on acquisitions aimed at covering the entire BI spectrum, have poor customer loyalty. In contrast, MicroStrategy, which has concentrated on a single product architecture and has grown organically, came out on top yet again. The fact that no other product has achieved such consistency suggests that many of MicroStrategy’s customers are fiercely loyal and see no alternative to the product.”
“MicroStrategy is proud that, once again, our customers have indicated their strong loyalty for MicroStrategy products and services,” said Sanju Bansal, MicroStrategy’s COO.
To view a summary of The OLAP Survey 6 results, go to: http://www.microstrategy.com/OLAPSurvey6.
The OLAP Survey
The OLAP Survey, conducted annually by Nigel Pendse and Survey.com, is the leading independent survey of the BI market space. This year marks the 6th release of The OLAP Survey, compiling the BI experiences of 1,679 organizations across 87 countries. For more information, visit http://www.survey.com/olap.
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 Fourth Quarter 2006 Financial Results
20% Increase in Revenue Marks 16th Consecutive Quarter of Year-Over-Year Revenue Growth
MCLEAN, Va., (January 26, 2007) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended December 31, 2006 (the fourth quarter of its 2006 fiscal year).
Fourth quarter 2006 revenue was $92.6 million versus $77.4 million for the fourth quarter of 2005, a 20% increase. Product licenses revenue for the fourth quarter of 2006 was $36.6 million versus $31.3 million for the fourth quarter of 2005, a 17% increase. Product support and other services revenue for the fourth quarter of 2006 was $55.9 million versus $46.2 million for the fourth quarter of 2005, a 21% increase. Operating expenses for the fourth quarter of 2006 were $48.1 million versus $38.5 million for the fourth quarter of 2005, a 25% increase. The increase in fourth quarter operating expenses resulted primarily from an increase in worldwide employee headcount and reflects the continued expansion of our worldwide sales and services organization and administrative and IT support functions. Fourth quarter 2006 income from operations increased by 8% to $32.0 million, or 35% of revenue, versus $29.6 million, or 38% of revenue, for the fourth quarter of 2005. Net income for the fourth quarter of 2006 increased by 19% to $22.4 million, or $1.68 per share on a diluted basis, versus $18.9 million, or $1.30 per share on a diluted basis, for the fourth quarter of 2005.
“We are very pleased with our 2006 financial and operating performance, including a strong finish in Q4. Underlying our performance was strong customer demand for our business intelligence solution,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “Our technologists continue to create innovative software that is being used by some of the world’s largest business and government organizations. Coming away from MicroStrategy World 2007 this past week, we are excited about the opportunities that lie ahead.”
As of December 31, 2006, MicroStrategy had $79.0 million in cash and cash equivalents and 9,917,596 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 Q4 2006 included:
21st Century Insurance, American Healthways, American Signature, AmerisourceBergen Corporation, Building Materials Holding Company, Cascade Corporation, Chiquita Brands LLC, Cox Communications, Department of Interior, First Franklin Financial Corporation, Focus Technology Group, Hannaford Bros. Co., Herbalife, KeySpan Corporate Services LLC, McGraw-Hill Companies, Pacific Sunwear, Redwood Trust, Rheem Manufacturing, Rite-Hite Holding Corporation, Roundys Supermarkets, Inc., Sovereign Bank, State of Tennessee, Texas Department of Public Safety, The Cato Corporation, Unisource Administrators, Inc., The University of Texas M.D. Anderson Cancer Center, Upsher-Smith Laboratories, Inc., VHA Inc., and Yahoo!
Examples of Customer Deals from Q4 2006:
Hannaford Bros. Co.
Hannaford Bros. Co. operates 158 stores under the Hannaford Supermarket and Hannaford Supermarket and Pharmacy names. A MicroStrategy customer for 12 years, Hannaford recently upgraded to MicroStrategy’s 64-bit UNIX platform. Hannaford relies on MicroStrategy for a wide range of enterprise reporting and analysis capabilities. Employees across the organization use MicroStrategy for merchandising analysis, inventory planning, and supply chain analysis in order to better understand customer buying trends, maximize shelf space, and optimize store operations.
Sovereign Bank
Sovereign is the 16th largest banking institution in the United States, with nearly 800 community banking offices in nine states. Sovereign Bank selected MicroStrategy for fraud monitoring and investigation reporting, and for online banking customer behavior tracking and analysis. With MicroStrategy, Sovereign Bank can perform sophisticated analyses to enhance both its risk management and online banking programs. Sovereign Bank analysts use the data from their MicroStrategy BI application to create insightful reports that ultimately make a positive impact on the organization’s bottom line.
VHA Inc.
VHA is a health care provider alliance of more than 2,400 not-for-profit health care organizations. VHA Inc. has expanded its deployment of MicroStrategy to further support reporting and analytics for hospital leaders across the country. With MicroStrategy, VHA provides customers with highly detailed operational performance information to improve patient care and hospital efficiency. MicroStrategy was selected for its flexibility, scalability, and convenient delivery of data over the web and via email.
New MicroStrategy Dynamic Enterprise Dashboards(TM):
MicroStrategy recently introduced Dynamic Enterprise Dashboards, innovative information dashboards for business users. MicroStrategy has combined advanced data visualization and animation with its industrial- strength business intelligence platform to deliver highly intuitive dashboards that yield enhanced business insight and are usable by more people than ever before.
MicroStrategy’s Dynamic Enterprise Dashboards enable business users to flip intuitively through many different perspectives of corporate performance without leaving the dashboard allowing users to quickly and easily identify problems and diagnose root causes. Dashboard designers can combine data from a variety of data sources onto a single dashboard, with multi-disciplined, multi-dimensional performance feedback on every dashboard.
With the integration of Adobe(R) Flash(R), MicroStrategy dashboards offer innovative ways for users of all skill levels to derive insight from their data. The dashboards are highly responsive to users with a wide range of information views and increased information exploration options.
MicroStrategy Dynamic Enterprise Dashboards allow business users to create their own “personal dashboards.” Using MicroStrategy’s zero-footprint WYSIWYG (what-you-see-is-what-you-get) Web interface, business users can create dashboards using simple drag and drop actions. Users can now build the dashboards they want without IT support, increasing the adoption and use of business intelligence systems.
Customers are currently beta-testing MicroStrategy’s Dynamic Enterprise Dashboards, which are expected to be generally available in mid-2007 as part of MicroStrategy’s planned version 8.1 software release.
“MicroStrategy’s new dashboards are visually appealing and set a new standard for interactivity with business data,” said Jeff Whatcott, vice president of business development and marketing for the Enterprise and Developer Business Unit at Adobe. “Using Adobe’s latest rich Internet application technology, MicroStrategy dashboards deliver an engaging user experience that can improve interpreting and analyzing business data in a graphical format. We are proud to team with MicroStrategy to bring this exciting innovation to the business intelligence market.”
Results of The OLAP Survey 6:
Once again, MicroStrategy was a leader in key areas of The OLAP Survey 6, a leading independent survey of the BI software market. This year, 13 BI products were analyzed with feedback compiled from 1,679 organizations across 87 countries. For the third consecutive year, MicroStrategy received the highest customer loyalty score of all business intelligence software products reviewed. “The fact that MicroStrategy was rated number one in customer loyalty for the third year in a row is a remarkable achievement,” reported Nigel Pendse, author of The OLAP Survey 6. “The fact that no other product has achieved such consistency suggests that many of MicroStrategy’s customers are fiercely loyal and see no alternative to the product.”
In The OLAP Survey 6, MicroStrategy was found to be the top product for standardization, with 92.4% of MicroStrategy customers with multiple BI products indicating that they would select MicroStrategy as their enterprise BI standard. The Survey found declining standardization preference percentages from 2005 customers of both Business Objects and Hyperion. “The rising tendency of Survey participants with multiple BI products to continue to rank MicroStrategy as one of the top products to keep in a standardization exercise is a reflection of MicroStrategy’s widening range of capabilities and suitability for BI standardization,” said Nigel Pendse, author of The OLAP Survey 6.
For the sixth consecutive year, MicroStrategy customers indicated that they analyzed, by far, the largest amounts of data — a median of 316 GB of input data volume in this Survey. This input data volume is larger, by more than a factor of 4, than that of customers of SAP BW, the second-place product, and larger, by a factor of 65, than that of customers of Cognos. MicroStrategy also had the highest web deployment rate at nearly 78%. This high level of web usage reflects MicroStrategy’s commitment to web product performance and feature-richness.
The OLAP Survey 6 found major differences in the quality of BI vendors’ product support. For the third year in a row, MicroStrategy’s product support was rated “Excellent” more often than that of other vendors in its peer group, which is comprised of Cognos Analysis, SAP BW, Hyperion Essbase, Oracle Discoverer, and Business Objects.
To view a summary of The OLAP Survey 6 results, go to: http://www.microstrategy.com/OLAPSurvey6.
MicroStrategy 2007 Events:
MicroStrategy held its tenth annual user conference, MicroStrategy World 2007, in Las Vegas, Nevada, on January 22-25, 2007. The event featured over 100 business and technical sessions, an exhibit hall showcasing more than 25 MicroStrategy partners, product demonstrations, and customer presentations from companies including Campbell Soup, Caremark Rx, Comcast, Corporate Express, Darden Restaurants, Hallmark Cards, Hudson’s Bay Company, Lowe’s Companies, Nordstrom, Pacific Life Insurance, PetSmart, Rite-Hite Corporation, Things Remembered, and Wyeth.
During 2007, MicroStrategy plans to continue its successful Symposia series in the U.S., Europe, and Latin America. These popular two-day events offer an interactive venue for participants to share ideas with peers and industry experts, learn practical BI strategies from leading companies, and talk with MicroStrategy’s top technology leaders. Each Symposium features informative presentations from MicroStrategy customers sharing their insights on how they developed their business intelligence strategies, deployed multiple projects across their enterprises, and achieved returns on their BI investments. The 2007 MicroStrategy Symposia schedule begins in Madrid, March 7-8, and is expected to include events in Atlanta, New York City, Chicago, Buenos Aires, Sao Paulo, Frankfurt, London, and Milan.
MicroStrategy plans to hold more than 15 Technology Day events in 2007 throughout the U.S., Europe, Latin America, and Asia Pacific. These one-day events, the first of which was launched in November 2006 in Washington D.C., offer participants a full day of technical sessions and customer case studies, 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, 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 software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products, including its planned MicroStrategy version 8.1 software release; 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 Twelve Months Ended
December 31, December 31,
2006 2005 2006 2005
(unaudited)(unaudited)(unaudited)(audited)
Revenues
Product licenses $36,645 $31,252 $107,383 $99,926
Product support and other services 55,909 46,177 206,440 168,736
Total revenues 92,554 77,429 313,823 268,662
Cost of Revenues
Product licenses 641 824 2,763 3,886
Product support and other services 11,871 8,558 41,623 32,565
Total cost of revenues 12,512 9,382 44,386 36,451
Gross profit 80,042 68,047 269,437 232,211
Operating Expenses
Sales and marketing 26,616 20,001 88,416 70,420
Research and development 8,357 8,372 34,133 31,471
General and administrative 13,094 10,078 47,028 36,382
Amortization of intangible assets 17 17 71 71
Total operating expenses 48,084 38,468 169,648 138,344
Income from operations 31,958 29,579 99,789 93,867
Financing and Other Income
Interest income (expense), net 759 844 2,820 2,880
Gain (loss) on investments – – 14 (127)
Other (expense) income, net (388) (113) (1,262) 1,550
Total financing and other income 371 731 1,572 4,303
Income before income taxes 32,329 30,310 101,361 98,170
Provision for income taxes 9,977 11,460 30,485 33,427
Net income $22,352 $18,850 $70,876 $64,743
Basic earnings per share $1.77 $1.36 $5.46 $4.38
Diluted earnings per share $1.68 $1.30 $5.20 $4.19
Basic weighted average shares
outstanding 12,662 13,869 12,987 14,768
Diluted weighted average shares
outstanding 13,277 14,512 13,633 15,436
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
December 31, December 31,
2006 2005
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $78,980 $42,318
Restricted cash and investments 3,799 5,076
Short-term investments 16 53,761
Accounts receivable, net 54,468 43,052
Prepaid expenses and other current
assets 8,633 6,209
Deferred tax assets, net 29,510 22,971
Total current assets 175,406 173,387
Property and equipment, net 11,102 12,031
Capitalized software development
costs, net 1,903 3,669
Deposits and other assets 2,461 2,293
Deferred tax assets, net 57,944 86,393
Total assets $248,816 $277,773
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued
expenses $24,378 $19,550
Accrued compensation and employee
benefits 31,872 27,258
Deferred revenue and advance
payments 56,578 45,874
Total current liabilities 112,828 92,682
Deferred revenue and advance payments 1,127 1,554
Other long-term liabilities 1,710 2,815
Total liabilities 115,665 97,051
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;
13,972 shares issued and 9,918
shares outstanding, and 13,270 shares
issued and 10,595 shares
outstanding, respectively 14 13
Class B common stock; $0.001 par
value; 165,000 shares authorized;
2,775 and 3,258 shares issued and
outstanding, respectively 3 3
Additional paid-in capital 440,766 428,062
Treasury stock, at cost; 4,054 and
2,675 shares, respectively (268,776) (136,817)
Accumulated other comprehensive
income 2,503 2,318
Accumulated deficit (41,359) (112,857)
Total stockholders’ equity 133,151 180,722
Total liabilities and stockholders’
equity $248,816 $277,773
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Twelve months ended
December 31,
2006 2005
(unaudited) (audited)
Operating activities:
Net income $70,876 $64,743
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization 7,635 8,496
Bad debt provision 1,020 349
Deferred taxes 26,528 27,358
Discount amortization on
investments – (490)
Stock-based compensation 1,341 –
Excess tax benefits from stock-
based payment arrangements (4,479) –
Other, net 160 145
Changes in operating assets and
liabilities:
Accounts receivable (10,727) (3,681)
Prepaid expenses and other
current assets (2,108) (358)
Deposits and other assets (117) 557
Accounts payable and accrued
expenses, compensation
and employee benefits 7,105 1,874
Deferred revenue and advance
payments 7,891 4,754
Other long-term liabilities (706) (1,196)
Net cash provided by
operating activities 104,419 102,551
Investing activities:
Proceeds from maturities of short-
term investments 112,666 180,335
Purchases of short-term investments (58,900) (169,243)
Purchases of property and
equipment, net (4,496) (1,907)
Capitalized software development
costs (310) (926)
Decrease (increase) in restricted
cash and investments 1,372 (3,937)
Net cash provided by
investing activities 50,332 4,322
Financing activities:
Proceeds from sale of class A
common stock under employee
stock purchase plan and exercise
of employee stock options 6,094 5,703
Excess tax benefits from stock-
based payment arrangements 4,479 –
Purchases of treasury stock (131,959) (134,486)
Net cash used in financing
activities (121,386) (128,783)
Effect of foreign exchange
rate changes on cash and
cash equivalents 3,297 (4,086)
Net increase (decrease) in cash and
cash equivalents 36,662 (25,996)
Cash and cash equivalents, beginning
of period 42,318 68,314
Cash and cash equivalents, end of
period $78,980 $42,318
SOURCE MicroStrategy Incorporated
CONTACT: MicroStrategy Incorporated Investor Relations, +1-703-848-8600,
ir@microstrategy.com
Source: MicroStrategy
MicroStrategy Recognizes CIO of Lowe’s Companies with Individual Excellence Award
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it has selected Steve Stone, Senior Vice President and Chief Information Officer of Loweâ??s Companies, as the recipient of MicroStrategyâ??s Individual Excellence i
Las Vegas, NV, (January 24, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it has selected Steve Stone, Senior Vice President and Chief Information Officer of Lowe’s Companies, as the recipient of MicroStrategy’s Individual Excellence in Business Intelligence award. Mr. Stone was recognized today at MicroStrategy World 2007 in Las Vegas, Nevada.
Lowe’s is the second-largest home improvement retailer in the world. As CIO, Mr. Stone provides the vision and leadership for developing and implementing information technology initiatives in alignment with Lowe’s business strategy. He has overall responsibility for the planning, delivery, and maintenance of cost-effective technology solutions needed to support Lowe’s various business groups. Lowe’s primary data warehouse contains more than 20 terabytes of data and has grown by more than 20 percent per year over the past few years.
Lowe’s BI environment contains industry-leading technology from MicroStrategy, Teradata, Informatica, and IBM. There are over 30 full-time professionals and contractors dedicated to building a BI Center of Excellence at Lowe’s, with 17 reporting and analysis applications. The MicroStrategy implementation at Lowe’s, called DART (Data Access and Reporting Tool), provides employees greater insight into key performance metrics. More than 150,000 reports are run each week, and Lowe’s employees from multiple business areas use the data to manage inventory, improve margins, review market specificity, and identify sales opportunities. Lowe’s also uses BI to analyze demographic attribute data to better anticipate the products that its customers will buy.
“I am honored to receive MicroStrategy’s Individual Excellence award,” said Mr. Stone. “Lowe’s is committed to information-driven decision making. We have used decision support and data warehousing for over 13 years and have invested heavily in improving our data warehouse and business intelligence programs. As a result of using the MicroStrategy platform, Lowe’s is realizing significant benefits through improved merchandising decisions, more timely responses to information requests, cost reduction initiatives, enhanced employee productivity, and better service to our customers.”
“Steve Stone has exhibited exceptional innovation, vision, and insight in business intelligence software deployment at Lowe’s,” said MicroStrategy’s COO Sanju Bansal. “Under his guidance and leadership, the data warehouse implementation has redefined the way the company does business. We congratulate Steve on his outstanding work.”
About Lowe’s
With fiscal year 2005 sales of $43.2 billion, Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 company that serves approximately 12 million customers a week at more than 1,325 home improvement stores in 49 states. Based in Mooresville, N.C., the 60-year old company is the second-largest home improvement retailer in the world.
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.
Source: MicroStrategy
MicroStrategy Introduces Next-Generation Dynamic Enterprise Dashboards
MicroStrategy First to Tightly Integrate Industrial-Strength BI Platform with Advanced Dashboard Visualization and Animation Capabilities
McLean, Va., (January 22, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced a new caliber of information dashboards for business users, MicroStrategy Dynamic Enterprise Dashboards(TM). MicroStrategy has combined advanced data visualization and animation with its industrial-strength business intelligence platform to deliver highly intuitive dashboards that yield greater business insight and are usable by more people than ever before. MicroStrategy’s Dynamic Enterprise Dashboards will be introduced tomorrow at MicroStrategy World 2007 in Las Vegas.
Dashboards provide easy-to-use access to enterprise data and help companies track business performance and optimize decision-making. “Dashboards resonate with business users because they provide valuable at-a-glance information to effectively manage and monitor business performance,” said Wayne Eckerson, Director of TDWI Research and author of Performance Dashboards: Measuring, Monitoring, and Managing Your Business. “MicroStrategy has elevated the functionality and visualization capabilities of its dashboards to provide users with a tremendous amount of information in an easy-to-use and compelling manner, all within the context of its highly integrated BI platform.”
A Dynamically Integrated View of All Corporate Data
MicroStrategy’s Dynamic Enterprise Dashboards enable business users to intuitively flip through many different perspectives of corporate performance without ever leaving the dashboard, allowing them to quickly and easily identify problems and diagnose root causes. Dashboard designers can combine data from a variety of data sources, providing the user with multi-disciplined, multi-dimensional performance feedback on every dashboard.
“We’re very excited about the next-generation dashboard capabilities in MicroStrategy 8.1,” said Stan Carman, Manager of BI Infrastructure at Lowe’s Companies. “MicroStrategy’s new dashboards will help users across our organization better manage their business areas with greater insight, efficiency, and transparency. These dashboards are significantly more effective in communicating business performance.”
Visually Engaging Dashboards using Adobe® Flash®
By incorporating Adobe Flash, MicroStrategy dashboards offer innovative ways for users of all skill levels to derive insight from their data. The dashboards are highly responsive to users, providing a wide range of information views and increased information exploration options through the unique features of Flash. MicroStrategy 8’s Flexible Rendering Architecture lets each user determine whether a dashboard or report is best presented in thin-client AJAX mode or interactive Flash mode.
“MicroStrategy’s new dashboards are visually appealing and set a new standard for interactivity with business data,” said Jeff Whatcott, vice president of business development and marketing for the Enterprise and Developer Business Unit at Adobe. “Using Adobe’s latest rich Internet application technology, MicroStrategy dashboards deliver an engaging user experience that can improve interpreting and analyzing business data in a graphical format. We’re proud to team with MicroStrategy to bring this exciting innovation to the business intelligence market.”
Portable, Self-contained Dashboards
Flash rendering allows MicroStrategy users to create self-contained dashboards that include full interactivity, visualization functionality, and data content. Users can interact with their dashboards on planes, present their dashboards in meetings, or analyze corporate performance at any location regardless of network connection availability.
Deeper Business Insight via Advanced Visualizations
MicroStrategy 8.1 includes a new library of advanced visualization “widgets” built using the Adobe® Flex(TM) Builder(TM) 2 Integrated Development Environment (IDE), which renders in Flash Player 9. These visualization “widgets” enable dashboards to express data in much more meaningful ways than is possible with traditional graph types. The rich and interactive nature of Flash can express relationships that are not possible with static graphs, such as allowing business users to view time-series data as graphical ‘movies’ that give deeper insight into business trends. Users can rewind and fast forward through the time series and even pause the movie to drill-down to get more detail on areas of interest.
100% Extensible, Allowing Users to Incorporate Any Data Visualization
In this release, MicroStrategy delivers an extension to the Adobe Flex Builder 2 IDE, which allows MicroStrategy customers to extend their MicroStrategy visualization library. Using Adobe Flex Builder 2 and the MicroStrategy SDK, users can create any new Flex-based visualization “widget” and insert it into their MicroStrategy visualization library. Customers can also use the Adobe Flex Builder extension to insert 3rd party Flex-based widgets into their MicroStrategy visualization library.
Empowering Business Users to Build Their Own Personal Dashboards
MicroStrategy Dynamic Enterprise Dashboards allow business users to create their own “personal dashboards.” Using MicroStrategy’s zero-footprint WYSIWYG (what-you-see-is-what-you-get) Web interface, business users can create dashboards using simple drag and drop actions. No longer does the IT department need to create all dashboards for the business; users can now build the dashboards they want, increasing the use and adoption of business intelligence systems.
Extending Dashboards Across the Enterprise and to Suppliers and Customers
MicroStrategy’s Dynamic Enterprise Dashboards inherit the industrial-strength attributes of the MicroStrategy 8 business intelligence platform, including enterprise scalability, robust security, and powerful administration, allowing MicroStrategy dashboards to easily serve thousands of users. With automatic personalization and security, a single dashboard can be deployed throughout an enterprise with each user seeing only their slice of the business and the data that they are allowed to see. MicroStrategy’s dashboards use firewall-friendly DHTML, so that dashboards can safely be shared beyond corporate walls.
An Integral Component of the MicroStrategy 8 Platform
MicroStrategy’s modular and Service Oriented Architecture (SOA) has allowed MicroStrategy’s new dashboard functionality to be tightly integrated with its reporting, OLAP, ad-hoc, and proactive alerting functionality. “I’m proud of our modular and integrated architecture that allowed us to add new capabilities like dynamic dashboards,” said Sanju Bansal, COO of MicroStrategy. “With the addition of Adobe Flash into our architecture, a single dashboard or report design can be rendered optionally in Adobe Flash, DHTML, Adobe PDF, or Microsoft® Office formats. MicroStrategy is the first company to provide fully interchangeable Adobe Flash and DHTML rendering for dashboards.”
“These new dynamic dashboards are another exciting innovation in the BI industry, allowing more people to get better insight into their corporate performance,” said Bansal. “Dynamic Enterprise Dashboards integrate MicroStrategy’s ROLAP architecture with world-class visualization technology, empowering business users of all levels to interact with their data in compelling new ways.”
Availability of MicroStrategy’s Dynamic Enterprise Dashboards
MicroStrategy’s Dynamic Enterprise Dashboards are currently being beta-tested and are expected to be generally available in the first half of 2007, as part of the 8.1 release.
To find out more about MicroStrategy’s Dynamic Enterprise Dashboards, visit http://www.microstrategy.com/dynamicdashboardinfo. In Q1 2007, MicroStrategy will launch a 50+ city road show to showcase and demonstrate its new Dynamic Enterprise Dashboards.
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 8, MicroStrategy Business Intelligence Platform, 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.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy to Provide Enterprise Business Intelligence to Paramount Pictures
MicroStrategy Chosen to Replace Studioâ??s Current BI Tools
McLean, Va., (January 09, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that MicroStrategy will support Paramount Pictures’ enterprise business intelligence program, which will provide reporting and analytics for multiple areas across the company. Paramount Pictures is a unit of Viacom, Inc. (NYSE: VIA, VIA.B).
Paramount, which currently uses tools from Cognos, plans to use MicroStrategy throughout the organization for reporting and analysis of key business areas, including sales and operations. With MicroStrategy, Paramount users will gain enhanced insights into category management, providing valuable sales information by product, category, and geography, to better understand which products and categories are selling well, and in which locations. Paramount also plans to use MicroStrategy for operational reporting to reduce costs, improve efficiencies, and make data-driven business decisions.
“We were impressed with MicroStrategy’s intuitive web interface, scalable 64-bit architecture, and robust analytical capabilities for mission-critical applications,” said Joe Churchill of Paramount Pictures. “Following a thorough analysis of MicroStrategy’s advanced features and functionality, we determined that MicroStrategy was a better fit for our enterprise business intelligence than our current provider.”
“We are delighted that Paramount has selected MicroStrategy to enhance its reporting and analysis capabilities,” said MicroStrategy’s COO Sanju Bansal. “MicroStrategy provides an excellent solution for companies seeking to extend the benefits of business intelligence across the enterprise. Leading companies around the globe are choosing MicroStrategy’s industrial-strength platform to gain visibility into their operations and to help make important revenue-generating decisions.”
About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a unit of Viacom (NYSE: VIA, VIA.B), is a global entertainment company that produces and distributes filmed entertainment through the Paramount Motion Picture Group which includes Paramount Pictures, Paramount Vantage, Paramount Classics, MTV Films and Nickelodeon Movies. PPC operations also include Paramount Pictures International, Paramount Home Entertainment, Paramount Digital Entertainment, Paramount Studios and Worldwide Television Distribution.
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
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 to Host Tenth Annual User Conference, January 22-25, 2007 in Las Vegas
New MicroStrategy Business Intelligence Dashboard and Visualization Capabilities to be Unveiled
McLean, Va. (December 19, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that it will host its tenth annual user conference, MicroStrategy World 2007, January 22-25 at the Wynn Las Vegas in Las Vegas, Nevada. Over 1,000 conference attendees are expected at the event, which will feature dozens of customer speakers from industry-leading organizations, more than 100 educational sessions, and an exhibit hall showcasing MicroStrategy partners.
A highlight of MicroStrategy World 2007 will be a first look at MicroStrategy’s exciting product and service releases planned for 2007. MicroStrategy’s new dashboard and visualization capabilities will be unveiled. Jeff Bedell, MicroStrategy’s Chief Technology Officer, will present MicroStrategy’s technology vision and address the direction of product enhancements during the Technology Futures half-day session. The event will also feature insightful keynote presentations from MicroStrategy CEO, Michael Saylor, and Lowe’s Companies CIO, Steve Stone.
Executives from more than 25 world-class companies will present case studies illustrating how they have used MicroStrategy to increase revenue, reduce operational costs, and improve business performance. Some of the companies scheduled to present at MicroStrategy World 2007 include American Express, Canadian Institute for Health Information, Campbell Soup, Caremark Rx, Chevron Brazil, Comcast, Corporate Express, Darden Restaurants, Estee Lauder, Hallmark Cards, Hudson’s Bay Company, Lowe’s Companies, Nordstrom, Pacific Life Insurance, PetSmart, Rite-Hite Corporation, Things Remembered, University of Texas M.D. Anderson Cancer Center, and Wyeth.
MicroStrategy World 2007 offers a wide range of business and technical tracks with tutorials, discussions, demonstrations, and case studies geared to every level of BI experience. Conference tracks will include: Reporting, Analysis, and Monitoring; Advanced Reporting Techniques; Advanced BI Applications Development; Customization and Integration; Driving Application Efficiency and Returns; Deployment, Administration, and Performance Tuning; and Customer Best Practices.
“Our 10th annual user event promises to deliver our best program yet, with content-rich sessions and a preview of our exciting new releases for 2007,” said Sanju Bansal, MicroStrategy COO. “We have an impressive line-up of customer speakers who will share best practices and successful methodologies used in their MicroStrategy deployments. Attendees can choose from more than 100 different educational sessions and take advantage of networking opportunities and the exchange of new ideas to support the advancement of their BI initiatives.”
At MicroStrategy World 2007, participants can learn about complementary solutions and services from many of MicroStrategy’s partners and event sponsors, including MapInfo, IBM, SPSS, Sybase, Netezza, HP, iOLAP, WhereScape, Teradata, Claraview, Clarabridge, ESRI, Alliance Consulting, and Angel.com.
Registration information and a preliminary agenda for MicroStrategy World 2007 are available at http://www.microstrategy.com/2007UserConference.
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
Sennheiser electronic GmbH & Co. KG Selects MicroStrategy for Reporting and Analysis of Enterprise Data
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Sennheiser electronic GmbH & Co. KG has selected MicroStrategy to support multiple business intelligence initiatives across its enterprise
McLean, Va., (December 18, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Sennheiser electronic GmbH & Co. KG has selected MicroStrategy to support multiple business intelligence initiatives across its enterprise. Sennheiser electronic GmbH & Co. KG is a worldwide group of companies with more than 1,600 employees and one of the world’s leading manufacturers of complete audio solutions.
Sennheiser electronic GmbH & Co. KG plans to use MicroStrategy for reporting and analysis of products, sales, and financial performance. With MicroStrategy, Sennheiser electronic GmbH & Co. KG employees in finance, sales, and other areas of the company will be able to obtain analytically-based insights to support critical decisions. The information provided from its business intelligence applications will be used to help Sennheiser electronic GmbH & Co. KG to increase sales, enhance operations, and improve business performance.
“MicroStrategy is proud of deepening its relationship with Sennheiser electronic GmbH & Co. KG,” said MicroStrategy’s COO Sanju Bansal. “Leading companies across the globe are choosing MicroStrategy’s industrial-strength platform to gain visibility into their operations and to help make important revenue-generating decisions.”
MicroStrategy’s technology has been selected by leading companies, like Sennheiser electronic GmbH & Co. KG, for its user-friendly reporting features, data scalability, and its advanced technical capabilities. Some of MicroStrategy’s customers in Germany include Deutsche Telekom, Kabel Deutschland, dm Drogeriemarkt, Deutsche Börse, and Mc Donalds.
About Sennheiser electronic GmbH & Co. KG
Established in 1945 in Wedemark, Germany, Sennheiser electronic GmbH & Co. KG is the acknowledged world leader in microphone technology, RF-wireless and infrared sound transmission, headphone transducer technology, and most recently, in the development of active noise-cancellation.
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
dm-drogerie markt Wins ECR Award 2006 for MicroStrategy Extranet Solution
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that dm-drogerie markt is one of three companies that received the ECR Award 2006
McLean, Va., (December 04, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that dm-drogerie markt is one of three companies that received the ECR Award 2006. The Efficient Consumer Response Award is presented annually by GS1 Germany GmbH, part of the global GS1 organization that is dedicated to the development and implementation of global data standards and solutions for the supply chain. dm-drogerie markt, a German drugstore company with more than 850 stores in Germany, was recognized for its exemplary CRM collaboration with one of its suppliers, Kao Brands Europe.
dm-drogerie markt installed a MicroStrategy business intelligence solution to gather data for the marketing and accounting departments. With MicroStrategy, dm-drogerie markt offers its suppliers the ability to analyze their products through a web-based extranet. More than 280 suppliers, which supply products representing 90% of the company’s total revenue, use the extranet to produce more than 23,000 reports per month.
The MicroStrategy-based extranet facilitates the collaboration between category management and supply chain management with its flexible web interface. “With 12,000 articles in stock and 11 category managers, the extranet gives us valuable information to better manage our inventory and relationships with suppliers,” said dm-director Prof. Götz W. Werner.
MicroStrategy’s solution offers the dm-drogerie markt suppliers transparency into their own marketing efforts, supports quality management across the supply chain, and provides consistent data with its central application. The MicroStrategy relational online analytical processing (ROLAP) approach allows suppliers to access information on their specific products at selected stores to uncover important details.
dm-drogerie markt has been a MicroStrategy customer since 1997. The drugstore brings together data from across all departments into the extranet, including sales data, product sales by store and by date, inventory status, and pricing information. Historic data is provided for 25 months and retail prices are covered for 36 months.
“We are proud to have a customer, such as dm-drogerie markt, that takes such an innovative approach to its category and supply chain management using MicroStrategy,” said Clemens Prändl, MicroStrategy’s Vice President of Sales for Europe. “We congratulate them on their business intelligence application, which has increased corporate performance for its suppliers and customers.”
About dm-drogerie markt:
dm-drogerie markt, with a market share of 20%, is the second-biggest drugstore in Germany and has 869 stores, a total revenue of 2.7 billion euro, and employs 16,000 employees in Germany. The double-digit revenue increase experienced by the chain is based on unchallenged price and service leadership and on the highest total revenue of single stores in the industry. dm received the best grade for customer satisfaction in the Customer Monitor Germany 2006 out of all German trade companies.
About MicroStrategy:
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Source: MicroStrategy