Latest Business Intelligence News
MicroStrategy Announces Second Quarter 2006 Financial Results
Second Quarter Revenue Up 13% Year-Over-Year
MCLEAN, Va., (July 27, 2006) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended June 30, 2006 (the second quarter of its 2006 fiscal year).
Second quarter 2006 revenue was $74.1 million versus $65.4 million for the second quarter of 2005, a 13% increase. This marked the fourteenth consecutive quarter of year-over-year revenue growth. Product support and other services revenue for the second quarter of 2006 was $51.0 million versus $41.2 million for the second quarter of 2005, a 24% increase. Product licenses revenue for the second quarter of 2006 was $23.1 million versus $24.3 million for the second quarter of 2005, a 5% decrease.
Operating expenses for the second quarter of 2006 were $39.8 million versus $33.4 million for the second quarter of 2005, a 19% increase which resulted primarily from an increase in worldwide employee headcount and includes approximately $417,000 in stock option compensation expense in connection with the implementation of the Financial Accounting Standards Board’s Statement of Financial Accounting Standards Number 123(R) as of January 1st, 2006. The increase in second quarter operating expenses reflects continued expansion of our worldwide sales and services organization and administrative and IT support functions. Second quarter 2006 income from operations increased by 3% to $23.7 million, or 32% of revenue, versus $23.0 million, or 35% of revenue, for the second quarter of 2005. Net income for the second quarter of 2006 was $16.6 million, or $1.21 per share on a diluted basis.
During the second quarter of 2006, MicroStrategy repurchased 528,300 shares of its class A common stock for $54.0 million at an average price per share of $102.24, including broker commissions. As of June 30, 2006, MicroStrategy had $46.9 million in cash and cash equivalents and 9,583,470 shares of class A common stock and 3,227,573 shares of class B common stock outstanding.
“Our worldwide services business led the way in the quarter with impressive growth, providing a strong financial and operational foundation that allowed us to expand our global presence and make further investments in our products,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “We are pleased with the balance achieved during the second quarter, as we generated an operating income margin of 32% while expanding our worldwide sales and services organization.”
New Customers and New Deals with Existing Customers in Q2 2006 included:
21st Century Insurance, American Healthways, Apria Healthcare, Cascade Corporation, Catalina Marketing Corporation, David’s Bridal, Fieldstone Mortgage, The First American Financial Corporation, GERS Retail Systems, Guy Carpenter, Hard Rock Cafe, Iridium Satellite LLC, ITT Industries, KeySpan Corporate Services LLC, Meijer Great Lakes Limited Partnership, Morguard Corporation, N.E.W. Corp., National Institutes of Health (NIH), Network Solutions, New Plan Excel Realty Trust, Inc., New York & Company, Inc., NEXCOM, Payless ShoeSource Worldwide, Inc., Porsche Cars North America, ProcessMAP Corporation, Rewards Network Services Inc., Rite-Hite Corporation, SOCAN, Transportation Security Administration, Unisource Administrators, Inc., United States Geological Survey, Universal Studios Hollywood, US Department of State, Wells Fargo Bank, N.A, and Wyeth.
Examples of Customer Deals from Q2 2006:
ProcessMAP Corporation
A new MicroStrategy customer, ProcessMAP Corporation is a leading provider of end-to-end software solutions in environmental, health and safety (EH&S) information management. ProcessMAP provides a suite of applications, anchored by MicroStrategy, that help customers better manage EH&S compliance data, risk management data, and performance data. ProcessMAP has integrated MicroStrategy to allow customers to analyze a wide range of EH&S information such as key EH&S metrics, scorecards and performance indicators; injury/illness incident rates, trends and root causes; behavioral safety data; waste; energy consumptions and Greenhouse Gas emissions; corporate EH&S compliance and ISO 14001/OHSAS 18001 audit data; and industrial hygiene data. The ProcessMAP solution enables customers to establish enterprise-wide consistency in data management as well as monitor regulatory compliance, increase productivity, streamline business processes and enhance organizational transparency.
Rite-Hite Corporation
Rite-Hite Corporation, headquartered in Milwaukee, Wisconsin, is a world-wide leader in the development, manufacture and sale of loading dock safety systems and industrial door solutions. Using MicroStrategy, Rite-Hite recently introduced a new scorecard for executives, which provides a snapshot of critical company information such as forecasted revenue and balance sheet analysis. Monitoring business performance using MicroStrategy’s “at-a-glance” scorecards gives Rite-Hite users timely insights into key business metrics. Rite-Hite also uses MicroStrategy to streamline and automate its planning data to make more strategic and analytically-based decisions.
Iridium Satellite LLC
Iridium Satellite LLC, a global supplier of mobile satellite communications services, selected MicroStrategy to provide improved sales and customer data reporting, and enhanced analysis of marketing programs. A new MicroStrategy customer, Iridium plans to use MicroStrategy to leverage its historical subscriber and network usage data to improve customer retention and better understand the geographic distribution of its products and services, as well as the market segments it serves. Using MicroStrategy, Iridium executives will be able to monitor the company’s marketing and sales performance via real-time dashboards, and Iridium marketing analysts can more accurately understand the existing Iridium subscriber base and better tailor marketing initiatives for its various market segments.
MicroStrategy 8 Enhancements:
During the second quarter of 2006, MicroStrategy announced that IBM WebSphere(R) Information Integrator was certified to interoperate with MicroStrategy 8. This interoperability is another milestone in the long-standing relationship between IBM and MicroStrategy. The combination of MicroStrategy and IBM WebSphere Information Integrator technology enables companies to seamlessly derive critical business insights from multiple, heterogeneous data sources. MicroStrategy also announced that it certified Sybase(R) Avaki(R) Enterprise Information Integration (EII) software on the MicroStrategy Business Intelligence Platform(TM). With the certification of Sybase Avaki EII, MicroStrategy 8 extends its heterogeneous database access capability to include Web services data sources and file-based data stores.
MicroStrategy recently expanded its relationship with Microsoft by extending MicroStrategy 8 access to multidimensional data sources with support for Microsoft SQL Server 2000 and SQL Server 2005 Analysis Services. MicroStrategy 8 uses the industry standards of Web Services and XML for Analysis (XMLA) to connect to SQL Server Analysis Services. MicroStrategy’s support for SQL Server 2005 Analysis Services will allow customers to report and analyze Analysis Services data and join it with data from other sources, enabling deeper insights to uncover problems and trends previously unseen. This support expands MicroStrategy’s integration points with Microsoft, including Microsoft SQL Server 2005, Microsoft Office, Microsoft Office SharePoint Portal Server, and the Microsoft Windows operating systems.
MicroStrategy 2006 Symposia Series:
MicroStrategy continued its 2006 Symposia series with the Summer Symposia held in London, July 10-12, and New York City, July 17-19. These events provide a collaborative forum for attendees to exchange ideas with peers and industry experts, learn BI success strategies from leading companies in their industries, and gain valuable insights from MicroStrategy’s technology leaders. At both events, MicroStrategy customers presented case studies demonstrating their deployed enterprise BI applications using MicroStrategy. Customer speakers at the London Symposium included Deutsche Bank, Virgin Retail, Amlin, and Finansbank. At the New York City Summer Symposium, customer speakers included representatives from Lowe’s Companies, Yahoo!, Bank of America, and MetLife. Upcoming 2006 Symposia will be held in Sao Paulo, Brazil, September 11-13; Chicago, October 9-11; and Rome, October 16-18.
MicroStrategy Customer Recognition:
Four MicroStrategy customers were recognized as Laureates by the Computerworld Honors Program at an awards event held in Washington, D.C. in June. Consip (the IT branch of Italy’s Ministry of the Economy and Finance), NBC Universal, Ohio Department of Education, and Receita Federal (Brazil’s Federal Revenue and Customs Administration) were selected for their noteworthy use of business intelligence technology. Established in 1988, The Computerworld Honors Program brings together the principals of leading information technology companies to recognize and document the achievements of the men, women, organizations and institutions around the world, whose visionary applications of information technology promote positive social, economic and educational change.
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 Report Services, MicroStrategy 8, Pixel Perfect, and 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.
This press release may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 8 software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2006 2005 2006 2005
(unaudited) (unaudited)
Revenues
Product licenses $23,111 $24,255 $46,244 $46,066
Product support and other services 50,995 41,182 97,360 79,357
Total revenues 74,106 65,437 143,604 125,423
Cost of Revenues
Product licenses 592 918 1,296 2,195
Product support and other services 10,039 8,179 18,869 15,595
Total cost of revenues 10,631 9,097 20,165 17,790
Gross profit 63,475 56,340 123,439 107,633
Operating Expenses
Sales and marketing 20,313 16,533 40,282 33,767
Research and development 8,732 8,061 16,981 15,279
General and administrative 10,716 8,773 21,466 17,125
Amortization of intangible assets 18 18 36 36
Total operating expenses 39,779 33,385 78,765 66,207
Income from operations 23,696 22,955 44,674 41,426
Financing and Other Income
Interest income 667 721 1,530 1,593
Interest expense (19) (17) (51) (32)
Loss on investments – (149) – (131)
Other income (expense), net (515) 1,157 (667) 1,415
Total financing and other income 133 1,712 812 2,845
Income before income taxes 23,829 24,667 45,486 44,271
Provision for income taxes 7,271 7,080 13,935 11,631
Net income $16,558 $17,587 $31,551 $32,640
Basic earnings per share $1.27 $1.16 $2.37 $2.08
Diluted earnings per share $1.21 $1.12 $2.26 $1.99
Basic weighted average shares
outstanding 13,024 15,149 13,295 15,683
Diluted weighted average shares
outstanding 13,678 15,767 13,990 16,363
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
June 30, December 31,
2006 2005
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $46,940 $42,318
Restricted cash and investments 5,225 5,076
Short-term investments 22 53,761
Accounts receivable, net 34,069 43,052
Prepaid expenses and other current
assets 7,490 6,209
Deferred tax assets, net 25,954 22,971
Total current assets 119,700 173,387
Property and equipment, net 10,937 12,031
Capitalized software development
costs, net 2,608 3,669
Deposits and other assets 1,923 2,293
Deferred tax assets, net 73,278 86,393
Total assets $208,446 $277,773
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued
expenses $17,942 $19,550
Accrued compensation and employee
benefits 21,925 27,258
Deferred revenue and advance
payments 58,794 45,874
Total current liabilities 98,661 92,682
Deferred revenue and advance
payments 1,451 1,554
Other long-term liabilities 2,330 2,815
Total liabilities 102,442 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;
13,422 shares issued and 9,583
shares
outstanding, and 13,270 shares
issued and 10,595 shares
outstanding, respectively 13 13
Class B common stock; $0.001 par
value; 165,000 shares authorized;
3,228 and 3,258 shares
issued and outstanding,
respectively 3 3
Additional paid-in capital 434,215 428,062
Treasury stock, at cost; 3,839 and
2,675 shares, respectively (249,625) (136,817)
Accumulated other comprehensive
income 2,703 2,318
Accumulated deficit (81,305) (112,857)
Total stockholders’ equity 106,004 180,722
Total liabilities and stockholders’
equity $208,446 $277,773
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Six months ended
June 30,
2006 2005
(unaudited) (unaudited)
Operating activities:
Net income $31,551 $32,640
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization $3,886 4,521
Bad debt provision (recovery) 656 (49)
Deferred taxes 11,981 9,592
Stock-based compensation 821 –
Excess tax benefits from stock-
based payment arrangements (2,214) –
Other, net 50 (347)
Changes in operating assets and
liabilities:
Accounts receivable 9,444 7,444
Prepaid expenses and other
current assets (1,074) 1,058
Deposits and other assets 391 292
Accounts payable and accrued
expenses, compensation
and employee benefits (8,055) (8,743)
Deferred revenue and advance payments 11,853 5,932
Other long-term liabilities (273) (183)
Net cash provided by
operating activities 59,017 52,157
Investing activities:
Proceeds from maturities of short-
term investments 106,691 114,110
Purchases of short-term investments (52,924) (49,293)
Purchases of property and
equipment, net (1,622) (881)
Capitalized software development
costs – (926)
Increase in restricted cash and
investments (97) (4,845)
Net cash provided by
investing activities 52,048 58,165
Financing activities:
Proceeds from sale of class A
common stock under employee
stock purchase plan and exercise
of employee stock options 2,758 2,952
Excess tax benefits from stock-
based payment arrangements 2,214 –
Purchases of treasury stock (112,807) (127,562)
Net cash used in financing
activities (107,835) (124,610)
Effect of foreign exchange
rate changes on cash and
cash equivalents 1,392 (3,394)
Net increase (decrease) in cash and
cash equivalents 4,622 (17,682)
Cash and cash equivalents, beginning
of period 42,318 68,314
Cash and cash equivalents, end of
period $46,940 $50,632
SOURCE MicroStrategy Incorporated
CONTACT: MicroStrategy Incorporated, Investor Relations,
+1-703-848-8600, ir@microstrategy.com
Source: MicroStrategy
Restaurant Momentum Continues for Angel.com as Cos
Così Selects Angel.com to Introduce New Phone-Based Benefits Enrollment Application
McLean, Va. (July 20, 2006) –
Angel.com, a leading provider of on-demand call center and Interactive Voice Response (IVR) solutions and a division of MicroStrategy® Incorporated (NASDAQ: MSTR), today announced that Così, Inc., which operates the Cosi® premium convenience restaurants in 110 locations in 16 states and the District of Columbia, has selected Angel.com to create and manage a new phone-based, IVR-powered benefits enrollment line for employees.
In doing so, Così joins prominent brands Buca di Beppo and Captain D’s as national restaurants that have selected Angel.com to help build and manage efficient and effective IVR solutions.
Così, well known for its made-to-order products featuring its authentic hearth baked crackly crust signature flatbread, turned to Angel.com to streamline and improve employee benefits enrollment. Angel.com helped the restaurant create a new application that allows employees to dial a toll-free number and answer a series of questions to complete enrollment. All information from the call is saved to a back-end database much like an Internet application. The new phone-based benefits enrollment system from Angel.com provides Così employees – especially those without Internet access – added flexibility and convenience.
Buca di Beppo relies on Angel.com to manage its toll-free line for customers – 1-866-EAT-BUCA. The line prompts callers to enter their state location, and then presents a list of available restaurants and information, and the option to connect. Callers can also use the system to make reservations and monitor gift card balances. The restaurant recently renewed its long-term relationship with Angel.com.
Captain D’s selected Angel.com in 2005 to build and deploy a phone-based customer satisfaction survey already deployed in 578 locations nationwide. Random customer receipts include a toll-free number that prompts the caller to answer 10-15 questions. The solution is completely integrated with Captain D’s point-of-sale system and web services, allowing for quick and easy reporting.
“Così is a growing company and brand and we are very excited to help the company improve employee communication and benefits enrollment,” said Angel.com president and CEO Michael Zirngibl. “Despite the growth of the Internet, many people still turn to the phone first for a more personal, interactive, and convenient experience and that’s where Angel.com can fill an important and growing niche. With Così, Buca di Beppo and Captain D’s, Angel.com is proud to be a trusted technology provider to some of the country’s top restaurant brands.”
About Angel.com
Angel.com is a leading provider of on-demand call center and Interactive Voice Response (IVR) solutions, which enable organizations of all sizes to quickly deploy powerful telephony applications. More than 1,500 customers turn to Angel.com’s patented Voice Site technology to power customer service and marketing phone numbers using intelligent speech recognition that can automate most phone-based interactions. With an innovative Internet-based solution that requires no investment in hardware, software, or human resources, Angel.com balances the need for high quality communications with affordable pay-as-you-go pricing.
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, Angel.com 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.
Mike Sweeney
Angel.com
(703) 770-1352
sweeney@angel.com
Source: MicroStrategy
Consortium Health Plans Selects MicroStrategy for New Web Portal
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Consortium Health Plans (CHP), which positions Blue Cross® Blue Shield® Plans as the preferred choice for national employers, has selected MicroStrategy to support its
McLean, VA, (July 13, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Consortium Health Plans (CHP), which positions Blue Cross® Blue Shield® Plans as the preferred choice for national employers, has selected MicroStrategy to support its new web portal, MarketQuest.
Anchored by MicroStrategy, MarketQuest provides a comprehensive source of information and collaboration for Blue Cross Blue Shield personnel who support the sale and retention of national accounts. MarketQuest users include national account sales executives and other sales personnel, proposal writers, underwriters, and medical directors. With MarketQuest, users develop a more consultative approach towards sales activities and a deeper understanding of competitors, consultants, and the healthcare industry.
“Following a thorough evaluation and RFP with several vendors, we selected MicroStrategy because of its robust analytical and reporting capabilities, and its user-friendly Web interface,” said Michael Underman, V.P. National Account Services for CHP. “MicroStrategy’s unified architecture and strong end-user functionality are well-suited for the diverse data requirements of our user population.”
“We are proud to be working with CHP to support their new web portal with our advanced business intelligence technology,” said MicroStrategy’s COO Sanju Bansal. “MicroStrategy offers dynamic reporting features in a user-friendly interface that can be Web-deployed to thousands of users securely.”
About Consortium Health Plans
Consortium Health Plans provides strategic market intelligence, strong market relationships and leading-edge sales tools to position Blue Cross Blue Shield Plans as the carrier of choice for national accounts. There are 18 member Plans in the Consortium.
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
Telephia Expands Deployment of MicroStrategy for Delivery of Performance and Measurement Data to the Mobile Communications Industry
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Telephia, leading provider of performance measurement information to the mobile industry, has expanded the deployment of MicroStrategy as its enterprise platform
McLean, VA (July 06, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Telephia, leading provider of performance measurement information to the mobile industry, has expanded the deployment of MicroStrategy as its enterprise platform. Telephia provides syndicated performance measurement information to the leaders of the converging communications and mobile industries, including carriers, device manufacturers, content and applications providers, retailers, infrastructure vendors, and investment analysts.
Telephia uses MicroStrategy for multiple business intelligence applications that provide customers with critical information, including subscriber share, customer satisfaction, device share, network quality, revenue share, advertising effectiveness, content audience, and many other key performance indicators. MicroStrategy supports Telephia’s internal users in the production of consistent and high-quality information deliverables for customers. In addition, MicroStrategy anchors Telephia’s web-based customer Information Portal, accessible to thousands of users in the U.S., Canada, and Europe.
“MicroStrategy provides decision making data for our customers in highly digestible and easy to comprehend formats including dashboards, scorecards, and interactive reports,” said Terry Joyce, Senior V.P. Systems Engineering of Telephia. “We are impressed with the maturity of MicroStrategy’s products, particularly the way they work together as one seamless enterprise platform.”
“We are delighted that Telephia continues to realize significant benefits from MicroStrategy’s BI technology and has selected MicroStrategy as its enterprise platform,” said MicroStrategy COO, Sanju Bansal. “MicroStrategy’s software, with its user-friendly reporting features, data scalability, and ability to be Web-deployed to thousands of users securely, is well-suited for Telephia and its large, diverse user community.”
About Telephia
Founded in 1998, Telephia provides syndicated performance measurement information to the leaders of the converging communications and mobile industries, including carriers, device manufacturers, content and applications providers, retailers, infrastructure vendors and investment analysts. Telephia is the industry standard measure of subscriber share, customer satisfaction, device share, network quality, revenue share, advertising effectiveness, content audience and many other key performance indicators. For further information, please visit our website at www.telephia.com or call 415-395-0500.
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
HealthCare Partners Medical Group Selects MicroStrategy as its Business Intelligence Provider
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that HealthCare Partners Medical Group has selected MicroStrategy to provide its business intelligence platform. Based in Torrance, California, HealthCare Partners has about 4
McLean, VA (June 27, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that HealthCare Partners Medical Group has selected MicroStrategy to provide its business intelligence platform. Based in Torrance, California, HealthCare Partners has about 400 physicians and provides care for approximately 500,000 patients.
HealthCare Partners initially plans to deploy MicroStrategy for internal reporting and analysis of patient satisfaction and health insurance data. MicroStrategy was selected by HealthCare Partners for its integrated architecture, ease of use, scalability, and data security.
“We look forward to working with MicroStrategy and deploying a broad array of BI applications that will help us improve our business performance and the quality of our patient care,” said Zan Calhoun, Chief Information Officer of HealthCare Partners. “After evaluating other BI providers, we found that MicroStrategy’s advanced analytics, scalability, and user friendly reporting features were an excellent fit.”
“MicroStrategy is pleased to add HealthCare Partners as yet another of our healthcare customers,” said Sanju Bansal, Chief Operating Officer of MicroStrategy. “Organizations across the healthcare industry rely on MicroStrategy to analyze and improve operations, service quality, resource utilization, and claims administration.”
About HealthCare Partners Medical Group
HealthCare Partners Medical Group, consistently ranked among the best medical groups in California, has 39 offices located throughout Los Angeles and Orange Counties. For more information about HealthCare Partners, call (888) 715-4922 or visit www.healthcarepartners.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
CSK Auto Corporation Expands Deployment of MicroStrategy to Enhance Business Performance
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that CSK Auto Corporation (NYSE: CAO) has expanded its deployment of MicroStrategy for enhanced enterprise reporting and analysis. CSK Auto Corporation is the parent comp
McLean, VA, (June 21, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that CSK Auto Corporation (NYSE: CAO) has expanded its deployment of MicroStrategy for enhanced enterprise reporting and analysis. CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket, operating more than 1,280 retail stores.
For more than three years, Phoenix, Arizona-based CSK Auto has been a MicroStrategy customer. Recently, CSK Auto expanded its deployment of MicroStrategy to enhance its reporting and analysis capabilities and enable more users to tap into vital business performance data. Corporate management, business analysts, and field personnel use MicroStrategy for a wide range of applications, including analyzing consumer purchasing trends, loss prevention reporting, monitoring vendor performance and compliance, and conducting detailed analyses of the sales, replenishment, and purchasing functions.
“As our BI requirements have expanded over the years, MicroStrategy has grown with us, providing the flexibility, scalability, and user-friendly reporting features that we need to better assess our corporate performance,” said Rosann Eydeler, Sr. IT Application Development Manager at CSK Auto Corporation. “With MicroStrategy, we gain critical insights into our business that help us to analyze sales trends, reduce losses through early fraud detection, and improve our vendor performance.”
“We’re very proud that CSK Auto continues to achieve success with our reporting and analysis platform,” said MicroStrategy’s COO, Sanju Bansal. “MicroStrategy’s ease-of-use, flexibility, and scalability for large databases offers a powerful reporting solution for growing retail companies like CSK Auto.”
About CSK Auto Corporation
CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket. As of April 30, 2006, the Company operated 1,288 stores in 22 states under the brand names Checker Auto Parts, Schuck’s Auto Supply, Kragen Auto Parts and Murray’s Discount Auto Stores.
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
Four MicroStrategy Customers Recognized as Laureates by the Computerworld Honors Program
Consip, NBC Universal, Ohio Department of Education, and Receita Federal Selected for Noteworthy Use of Business Intelligence Technology
McLean, VA (June 15, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that four of its customers were recognized as Laureates by the Computerworld Honors Program. For almost two decades, Computerworld Honors has acknowledged those individuals and organizations that have used information technology to benefit society. This year’s honorees were commemorated at an event held last week at the Andrew W. Mellon Auditorium in Washington, D.C.
“Each year, the Computerworld Honors Program seeks to recognize organizations, from a variety of sectors, for their ongoing efforts to utilize technology in order to benefit society,” said Bob Carrigan, Chairman of the Computerworld Honors Program Chairmen’s Committee and President, IDG Communications. “We are proud to provide a platform to publicly acknowledge these contributions.”
“We are delighted that these four outstanding companies have been recognized for their visionary business intelligence applications,” said MicroStrategy COO Sanju Bansal. “We applaud them for their innovative use of technology to promote positive social, economic, and educational change.”
Following is a brief description of the four Laureates and their BI applications:
Consip – Italian Treasury Department
The Italian Treasury Department monitors and controls government expenses with PointRGS, a highly customized Web-based dashboard anchored by MicroStrategy technology that was developed by Consip on behalf of the Ragioneria Generale dello Stato, Italy’s State General Accounting Department. The Ragioneria relies on PointRGS to monitor general economic trends across Italy’s economy as well as uncover anomalies or poorly performing trends, so it can make decisions that impact the national political economy and meet the thresholds imposed by the European Union. With the technology, Treasury department analysts are able to more accurately forecast the domestic debt, calculate the Gross Domestic Product, and reconcile the national budget and public expenditures.
NBC Universal
Universal Studios Hollywood theme park in California, owned by NBC Universal, replaced a challenging spreadsheet-based system with a new solution from MicroStrategy and Extensity, providing enhanced visibility into the theme park’s central budgeting, financial reporting, and consolidation mechanism. Using MicroStrategy, line managers can quickly make changes in attendance or park hour assumptions, and provide senior management with new performance targets in minutes as opposed to days or weeks. The solution has empowered Universal Studios employees to determine the right staffing levels for the park that can, in turn, improve customer service experiences. The solution also changed the finance, budgeting, reporting, and financial closing processes, and cut budget processing time by over 50 percent.
Ohio Department of Education
A MicroStrategy-based application called the Interactive Local Report Card (iLRC) lets anyone with an interest in the Ohio state’s education program get the latest performance and statistical data pertaining to any school district or individual school in Ohio. Accessed on the Ohio Department of Education’s Web site at http://ilrc.ode.state.oh.us, the application relies on MicroStrategy BI and pulls up reports on attendance, enrollment, or graduation rates for the state’s 613 districts, or any one of its more than 4,100 elementary, middle, and high school buildings. The insight from the reports allows state officials and school administrators to more effectively address educational issues in Ohio.
Receita Federal, Brazilian Internal Revenue Service
MicroStrategy is the BI platform that consolidates various data sources into one central data warehouse for the Brazilian Internal Revenue Service. Using MicroStrategy, the Brazilian IRS staff can analyze trends and operations across Customs; Auditing and Correctness; the Tax Levy system; Inspection; and Administration. Management, superintendents, agents, and inspectors receive more than 300 reports customized according to their specific area, providing insight into trends and anomalies across the data. With MicroStrategy, the Brazilian IRS can identify fraud or irregularities, and take rapid steps to correct them. The Web-based solution enables users to access their reports via a standard Web-browser from anywhere across Brazil.
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 Teams with Sybase to Enhance Scorecards and Dashboards with Streamlined Access to Multiple Data Sources
Sybaseâ??s Avaki Enterprise Information Integration Software Now Certified on MicroStrategy
McLean, Va., (June 14, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that it is enhancing its scorecard and dashboard capabilities with the certification of Sybase® Avaki® Enterprise Information Integration (EII) software on the MicroStrategy Business Intelligence Platform(TM). Avaki EII is a product of Sybase, Inc. (NYSE: SY), a leading provider of enterprise infrastructure and mobile software.
With the certification of Sybase Avaki EII, MicroStrategy 8 extends its heterogeneous database access capability to include Web services data sources and file-based data stores, and also allows MicroStrategy customers to combine even greater volumes of heterogeneous data with a greater array of join options. Sybase Avaki streamlines integration of data from many distributed sources while providing standardized access to many combined data views through a single data layer.
MicroStrategy 8 delivers actionable and analytically-based insights to help companies make more strategic decisions and improve business operations. Monitoring business performance using MicroStrategy’s “at-a-glance” scorecards and dashboards allows companies to obtain timely insight into critical business metrics. MicroStrategy 8 ships with out-of-the-box features that can combine data from multiple relational databases and OLAP databases into a single report, scorecard, or dashboard.
“We are pleased that Sybase Avaki EII has been certified on MicroStrategy 8. With the increased demand for accessing third party data via Web services and file-based data, this certification will allow MicroStrategy users to effectively deliver critical decision support and monitor business performance,” said Kathleen Schaub, vice president of product management, Information Technology Solutions Group, Sybase. “Sybase Avaki enables users to access and integrate data from diverse data sources within and outside the enterprise.”
“MicroStrategy is delighted to add Sybase Avaki to our portfolio of high quality technology partners,” said Tom Villani, vice president of Global Alliances for MicroStrategy. “We are committed to helping customers leverage their increasingly complex data environments to maximize the value of their BI investment. By collaborating with Sybase, our customers can more efficiently manage their data and rapidly gain insights into business performance through useful scorecards and dashboards.”
About Sybase, Inc.
Sybase is the largest global enterprise software company exclusively focused on managing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers to create an information edge. The world’s most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site: http://www.sybase.com.
Sybase and Avaki are registered trademarks of Sybase, Inc.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Expands Relationship with Microsoft with Direct Access to Microsoft SQL Server 2005 Analysis Services
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it is expanding its relationship with Microsoft Corp. (NASDAQ: MSFT) by extending access to multidimensional data sources with support for Microsoft SQL Server 2000
McLean, VA (June 06, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it is expanding its relationship with Microsoft Corp. (NASDAQ: MSFT) by extending access to multidimensional data sources with support for Microsoft SQL Server 2000 and SQL Server 2005 Analysis Services. MicroStrategy 8 uses the industry standards of Web Services and XML for Analysis (XMLA) to connect to SQL Server Analysis Services.
With MicroStrategy’s BI software, companies are able to make better business decisions by standardizing and tapping into information stored in multiple locations across their enterprise. MicroStrategy transforms vast amounts of data into actionable dashboards, reports, and comprehensive analyses that companies use to monitor and improve business performance. MicroStrategy’s support for SQL Server 2005 Analysis Services will allow customers to report and analyze Analysis Services data and join it with data from other sources, enabling deeper insights to uncover problems and trends previously unseen.
In addition to a highly intuitive and visual web interface, users also inherit the advanced technical capabilities of MicroStrategy, including outstanding data and user scalability, integrated architecture, and Pixel Perfect(TM) reporting. This support expands MicroStrategy’s multiple integration points with Microsoft, including Microsoft SQL Server 2005, Microsoft Office, Microsoft Office SharePoint Portal Server, and the Microsoft Windows operating systems. MicroStrategy plans to continue enhancing its integration with SQL Server 2005 Analysis Services to take advantage of the latest capabilities in the Analysis Services release.
“MicroStrategy 8’s direct access to Microsoft SQL Server 2005 Analysis Services confirms MicroStrategy’s strong commitment to providing direct access to any data source,” said Nigel Pendse, author of The OLAP Report. “MicroStrategy’s tight integration with Analysis Services, via the industry standards of Web Services and XML for Analysis (XMLA), allows customers to deploy reporting and analysis solutions with consistent functionality across multiple data sources, maintaining one centralized metadata for both relational and multidimensional sources.”
“We’re excited by the level of integration between our technologies and the benefits our mutual customers will experience as a result,” said Robert Bernard, general manager, Global ISV Group, Microsoft Corp. “By supporting Microsoft SQL Server 2005 Analysis Services, MicroStrategy provides our mutual customers with greater innovation within their businesses, enabling better decision-making and improved performance.”
“MicroStrategy’s support for SQL Server 2005 Analysis Services further extends our strong relationship with Microsoft,” said Sanju Bansal, MicroStrategy’s COO. “The expanded access to multidimensional data sources with Microsoft Analysis Services gives customers improved flexibility and enhanced performance to support their enterprise scale BI initiatives.”
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 Summer Symposia to Highlight Real-world Business Intelligence Solutions
Events Offer Collaborative Forum for BI Best Practices
McLean, VA., (June 01, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that it will host two Summer Symposium events in July. The European Symposium will be held in London at the Radisson SAS Portman Hotel, July 10-12, followed by the U.S. Symposium at The Waldorf=Astoria Hotel in New York City, July 17-19, 2006. Both events will offer a content-rich agenda with informative technical tracks, customer best practice presentations, and opportunities to exchange ideas with peers and MicroStrategy experts.
The Symposia will feature real-world case studies on how industry-leading companies use MicroStrategy to improve operational efficiencies, increase revenues, and enhance business performance. Some of the companies scheduled to present at the Summer Symposium in London include Deutsche Bank, Virgin Retail, Lloydspharmacy, and Vodafone Ireland. The New York Symposium will include speakers from Lowe’s Companies, Yahoo!, Grey San Francisco/WPP Group, and Forest Laboratories.
MicroStrategy Symposia attendees can choose from dozens of sessions covering a wide range of business and technology topics. MicroStrategy product managers and engineers will demonstrate advanced BI development techniques as well as share proven strategies for optimizing BI application usage and performance. During the Symposia, participants can schedule a one-hour consultation, at no charge, with a member of the MicroStrategy Technical Advisory Services Team to discuss their most challenging questions.
In conjunction with both events, MicroStrategy is hosting an invitation-only Executive Forum, bringing together top BI executives and industry thought leaders. CIOs and IT executives will hear success strategies from MicroStrategy customers, participate in roundtable discussions on timely topics, and network with their peers.
“The highly collaborative format of these events enables attendees to engage in lively discussions and gain insights from peers and technical experts,” said Sanju Bansal, MicroStrategy COO. “The Symposia offers an exciting venue for sharing ideas, solving challenges, and learning practical techniques to enhance BI performance.”
To learn more about the MicroStrategy Summer Symposia, visit http://www.microstrategy.com/Events/SymposiumSeries/
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