Latest Business Intelligence News
Angel.com Uses the Salesforce.com AppExchange to Launch SupportFone – an IVR and Contact Center Solution that Allows Salesforce.com Customers and Partners to Phone-Enable Their Salesforce Service and Support Offerings
Angel.com, a leading provider of on-demand call center and Interactive Voice Response (IVR) solutions and a division of MicroStrategy® Incorporated (NASDAQ: MSTR), and salesforce.com (NYSE:CRM), the market and technology leader in on-demand business services, today announced the availability of Sup
SAN FRANCISCO (May 24, 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), and salesforce.com (NYSE:CRM), the market and technology leader in on-demand business services, today announced the availability of SupportFone for salesforce.com’s AppExchange. Salesforce.com customers and partners can now gain efficient, around-the-clock access to their accounts via the phone by integrating SupportFone with their Salesforce Service and Support implementation. Built on the AppExchange on-demand platform, SupportFone for AppExchange is immediately available for test drive and deployment at http://www.salesforce.com/appexchange. The announcement was made today at Appforce, salesforce.com’s first annual AppExchange partner, user and developer conference.
SupportFone from Angel.com allows a company’s customers to call and check the status of a case, update a case, open a new case or transfer directly to an agent through the Salesforce Service and Support offering. SupportFone also includes full virtual ACD functionalities, such as call-queuing, call-whispering (advance notice of the identity of an incoming caller), and call-queue management and monitoring. With SupportFone, case managers gain direct access to their Salesforce account via the phone, including the ability to open and close cases and modify system settings such as greetings and announcements.
“Like salesforce.com, Angel.com is a firm believer in the on-demand, self-service model for the delivery of efficient technology solutions,” said Michael Zirngibl, President and CEO of Angel.com. “SupportFone is just the first in a suite of many solutions that Angel.com plans to deploy on the AppExchange platform. We also plan to engage our partner base to independently develop and deploy powerful new AppExchange solutions for our respective client bases.”
“Innovative on-demand service solutions like SupportFone are an excellent complement to Salesforce Service and Support,” said George Hu, senior vice president and general manager, applications, salesforce.com. “We are excited to welcome Angel.com to the AppExchange as they offer a means for salesforce.com customers to generate additional value for on-demand service and support implementations.”
SupportFone for AppExchange is one of more than 250 applications created by salesforce.com, its customers and partners that are now available on the salesforce.com AppExchange, the world’s first on-demand application platform. AppExchange provides unprecedented ease of customization and integration for Salesforce deployments, as well as enabling a whole new generation of on-demand applications that go beyond CRM. AppExchange enables all of these on-demand applications to be easily shared, exchanged and installed with one click into a customer’s salesforce.com account. AppExchange can be found at http://www.salesforce.com/appexchange.
About salesforce.com
Salesforce.com is the market and technology leader in on-demand business services. The company’s Salesforce suite of on-demand applications enables customers to manage and share all of their sales, support, marketing and partner information on-demand. AppExchange, salesforce.com’s on-demand platform, allows customers and partners to build powerful new applications quickly and easily, customize and integrate the Salesforce suite to meet their unique business needs, and distribute and sell on-demand apps at www.appexchange.com. Customers can also take advantage of Successforce, salesforce.com’s world-class training, support, consulting and best practices offerings.
As of April 30, 2006, salesforce.com manages customer information for approximately 22,700 customers and approximately 444,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis/Budget Rent A Car (Cendant Rental Car Group), Dow Jones Newswires, Nokia, Polycom and SunTrust. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM”. For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.
Salesforce.com is a registered trademark of, and AppExchange and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.
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. To learn more about Angel.com, visit www.angel.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, 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
ZipRealty Deploys MicroStrategy for Sales Reporting and Marketing Analytics
icroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ZipRealty has selected MicroStrategy to provide improved sales reporting and enhanced analysis of marketing programs. ZipRealty (NASDAQ: ZIPR) is a national, full-ser
McLean, Va., (May 17, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that ZipRealty has selected MicroStrategy to provide improved sales reporting and enhanced analysis of marketing programs. ZipRealty (NASDAQ: ZIPR) is a national, full-service residential real estate brokerage that empowers consumers with leading edge, easy-to-use technology.
A new MicroStrategy customer, ZipRealty plans to use MicroStrategy’s business intelligence software to gain deeper insights into sales productivity, customer buying patterns, and housing market trends. ZipRealty corporate personnel also plan to use MicroStrategy to analyze the effectiveness of marketing programs and to make data-driven decisions on future marketing campaigns. MicroStrategy was selected by ZipRealty for its user-friendly reporting features and its dynamic metadata architecture that automatically updates reports across the company.
“We believe MicroStrategy will provide us with valuable insights into our sales and marketing performance that will help us to make better business decisions for the company and for our clients,” said Salvatore Scalisi, ZipRealty’s Director of Data Administration. “After evaluating many other leading business intelligence products, we believe that MicroStrategy, with its integrated platform, will provide seamless reporting, analytical, and monitoring capabilities for our current and future business intelligence initiatives.”
“MicroStrategy is pleased to count ZipRealty as a new MicroStrategy customer,” said MicroStrategy COO, Sanju Bansal. “Our platform delivers content-rich reports and analyses that are highly useful tools for companies, like ZipRealty, that are seeking to identify key trends and opportunities to enhance their business performance.”
About ZipRealty
ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 16 major metropolitan areas in 11 states and the District of Columbia. The Company’s client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP (1-800-225-5947).
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 Brings Together Business Intelligence and Enterprise Information Integration
IBM WebSphere Information Integrator Certified on MicroStrategy 8
McLean, Va., (May 11, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that IBM WebSphere® Information Integrator has been certified by MicroStrategy to interoperate with MicroStrategy 8. This new interoperability brings together the latest of these two technologies and serves as 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’s integrated reporting, analysis, and monitoring software allows organizations to tap into their many databases to gain visibility into their operations and uncover detailed information for better decision making. IBM WebSphere Information Integrator allows users to access diverse and distributed information, as if it were in one system, through a single SQL query. This provides customers with a single, consolidated view into information from disparate sources, including distributed and mainframe databases, enterprise applications, XML documents, files, and content repositories.
“IBM’s WebSphere Information Integrator provides breakthrough productivity, flexibility, and performance, enabling companies to aggregate information from multiple data sources, giving them a holistic view of their operations,” said Pete Fiore, vice president, IBM Information Integration Solutions. “This, combined with the power of business intelligence, is helping our joint customers derive new value from their information and leverage it for greater business insight.”
“We are pleased to expand our relationship with IBM and provide complementary technology that allows our customers to manage their data more efficiently and gain real-time insights to improve business performance,” said MicroStrategy COO, Sanju Bansal. “By collaborating with IBM for EII capabilities, we can remain focused on meeting our customers’ sophisticated BI requirements, while offering seamless access to high quality data integration and data management capabilities.”
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
Harris Corporation Deploys MicroStrategy for Broadcast Sales and Financial Reporting Application
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Harris Corporation (NYSE:HRS) has deployed MicroStrategy software to support its sales and financial reporting application for the broadcast industry
McLean, Va. (May 03, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Harris Corporation (NYSE:HRS) has deployed MicroStrategy software to support its sales and financial reporting application for the broadcast industry. Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries.
Harris Software Systems, a business unit of Harris’ Broadcast Communications Division, develops software solutions for advertising, media management, broadband, digital asset management, and automation for workflow management. MicroStrategy was selected by Harris Software Systems to support its MART application, an advanced web-based data warehouse solution that gathers critical sales and financial data for individual television stations and their corporate offices. With the MicroStrategy-based reports from MART, station and corporate managers can view sales and revenue data by multiple variables including advertiser, agency, product category, salesperson, geographic region, network affiliation, program, and daypart.
MART and MicroStrategy enable corporate managers to analyze consolidated sales and financial information to gain greater insights into their station group, while providing individual station managers the ability to view customized reports with secure access to just the data related to their station. Harris chose MicroStrategy because of its flexible, secure, web-based environment that is easy to use for both business and power users.
“MicroStrategy offers an excellent analysis and reporting environment that provides web-based access to large amounts of data to a wide variety of users,” said Michael Davenport, Product Line Manager for MART, Harris Corporation. “Using MART and MicroStrategy, broadcasters can measure results and make decisions based on more complete and accurate data across their entire station group.”
“We are delighted to play an integral role in Harris Corporation’s MART application,” said MicroStrategy COO, Sanju Bansal. “MicroStrategy’s flexibility, easy to use interface, and scalability for large databases offer Harris a powerful analytic and reporting solution for their broadcast customers.”
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. With headquarters in Melbourne, Florida, the company has annual sales of over $3 billion and more than 13,000 employees — including 5,500 engineers and scientists — dedicated to the development of best-in-class assured communications(TM) products, systems, and services. The company’s operating divisions serve markets for government communications, RF communications, broadcast communications, and microwave communications. Additional information about Harris Corporation is available at www.harris.com.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Announces First Quarter 2006 Financial Results
First Quarter Revenue Up 16% Year-Over-Year
MCLEAN, Va., (April 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 March 31, 2006 (the first quarter of its 2006 fiscal year).
First quarter 2006 revenue was $69.5 million versus $60.0 million for the first quarter of 2005, a 16% increase. This marked the thirteenth consecutive quarter of year-over-year revenue growth. Product licenses revenue for the first quarter of 2006 was $23.1 million versus $21.8 million for the first quarter of 2005, a 6% increase. Product support and other services revenue for the first quarter of 2006 was $46.4 million versus $38.2 million for the first quarter of 2005, a 21% increase. Operating expenses for the first quarter of 2006 were $39.0 million versus $32.8 million for the first quarter of 2005, a 19% increase which resulted primarily from an increase in worldwide employee headcount as well as the inclusion of approximately $404,000 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). First quarter 2006 income from operations increased by 14% to $21.0 million, or 30% of revenue, compared to $18.5 million, or 31% of revenue, for the first quarter of 2005. Net income for the first quarter of 2006 was $15.0 million, or $1.05 per share on a diluted basis.
MicroStrategy’s effective tax rate was 30.8% for the first quarter of 2006 compared to 23.2% for the first quarter of 2005. MicroStrategy intends to indefinitely reinvest undistributed 2006 foreign earnings. Accordingly, the annualized effective tax rate applied to our pre-tax income for the first quarter of 2006 did not include the effect of any provision for United States federal and state taxes on MicroStrategy’s projected undistributed 2006 foreign earnings.
“We are pleased with our financial and business progress in the first quarter. Our technical support renewal rates remained strong as we continued to expand our installed base of customers,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “This is a tribute to the strength of our technology and the loyalty of our customers. Our results demonstrate solid fundamentals, with operating margins of 30% and operating cash flow of $29.8 million during the first quarter.”
New Customers and New Deals with Existing Customers in Q1 2006 included:
21st Century Insurance, Aperity, Applebee’s International Inc., Cancer Care Ontario, Cardinal Glass Industries, Carl Warren & Co., Children International, Cingular Wireless, The Container Store, Inc., Cryptologic, Inc., CSK Auto Corporation, Danier Leather Inc., Dick’s Sporting Goods Inc., The Donnelley Group, DoubleClick, eMedco, Grange Insurance, Ingenix, Katz Group Canada Ltd., The Marcus Corporation, N.E.W. Corp., Oakwood Homes, Playboy Enterprises, Priceline, Rheem Manufacturing, Shoppers Drug Mart, TRX Data Services Inc., Upsher-Smith Laboratories, Inc., Vcommerce, Inc., XM Satellite Radio Inc., and ZipRealty.
Examples of Customer Deals from Q1 2006:
Children International
Established in 1936, Children International is a nonprofit humanitarian organization dedicated to bettering the lives of impoverished children, their families, and communities. Children International selected MicroStrategy to analyze, report, and deliver vital transaction information across its organization. Executives and administrative personnel use MicroStrategy to analyze active sponsorships, track advertising buys, and measure advertising response rates to enhance customer acquisition initiatives and strengthen customer loyalty. MicroStrategy was selected for its ease-of-use and outstanding performance. Children International is currently expanding its deployment of MicroStrategy enterprise-wide and doubling the number of business intelligence users as it transitions to a new enterprise resource planning (ERP) system.
Oakwood Homes
Oakwood Homes is Colorado’s largest privately held hometown builder, with a 96 percent customer satisfaction rating and more than 8,000 satisfied households. MicroStrategy is the enterprise-wide reporting and analysis standard for Oakwood Homes, providing daily operational reports to employees across finance, HR, sales, and building operations. A MicroStrategy-powered extranet also helps trade partners, lenders, and realtors better serve the home buyers. Oakwood Homes is pleased with MicroStrategy’s user friendly reporting environment and professional-looking report presentation. Recently, Oakwood Homes expanded its use of MicroStrategy with the deployment of reporting capabilities to business users across the company, giving them the flexibility to create their own reports to suit their specific requirements.
ZipRealty
ZipRealty, a national full-service residential real estate brokerage firm, selected MicroStrategy to provide enhanced analysis of sales and marketing data. With MicroStrategy, ZipRealty corporate personnel can gain deeper insights into sales productivity, customer buying patterns, and housing market trends. ZipRealty plans to use MicroStrategy to analyze the effectiveness of its marketing programs and to make data-driven decisions on future marketing campaigns. ZipRealty selected MicroStrategy for its user friendly reporting features and its dynamic metadata architecture that automatically updates reports across the company.
MicroStrategy 8 Enhancements:
MicroStrategy announced the latest release of MicroStrategy 8(TM) during the first quarter of 2006, featuring numerous enhancements that make it easier for customers to standardize on MicroStrategy for enterprise-wide reporting and analysis. MicroStrategy 8 now offers access to multi-dimensional data sources, including Microsoft Analysis Services and Hyperion Essbase, as well as access to the most popular open source databases, MySQL and PostgreSQL. The company continued to strengthen its position in 64-bit business intelligence with certification of MicroStrategy 8 on HP Integrity servers running HP-UX 11i, providing customers with a highly scalable and efficient architecture for large scale business intelligence deployments. MicroStrategy also extended its reporting capabilities with the addition of a graphical Query Builder interface for ad-hoc queries, offering new functionality for power users.
New, Attractively-priced Business Reporting Packages:
MicroStrategy recently announced the availability of new low-cost reporting software packages, with prices starting as low as $150 per named user. These reporting packages are bundles of existing MicroStrategy products, designed to deliver Pixel Perfect(TM) reporting to business users. Priced 30- 70% lower than MicroStrategy’s full-featured a la carte products, these packages give report consumers the reporting features they require while taking advantage of MicroStrategy’s outstanding scalability and reliability. Customers can economically deploy reporting applications to thousands of users against terabytes of data. Since the metadata is 100% compatible with MicroStrategy’s full-featured product line, companies can leverage all of their reporting project investments including report definitions, security definitions, user roles, and user privileges, if and when they migrate to MicroStrategy’s full-featured products.
New OEM Partners:
Since January 2005, MicroStrategy has signed agreements with more than 15 new Original Equipment Manufacturer (OEM) partners. OEMs embed MicroStrategy’s reporting and analysis engine into new product offerings or as an enhancement to existing solutions. They select MicroStrategy as their partner of choice due to the extensibility of the MicroStrategy Software Development Kit for embedding and integration, as well as MicroStrategy’s state-of-the-art BI platform that provides a single technology foundation spanning the continuum of reporting and analytics. The new OEM partners include companies such as Amadeus International, Data 911 Systems, EmpowerMx, Razor Knowledge Systems, and Rivermine Software.
MicroStrategy 2006 Symposia Series:
MicroStrategy launched its 2006 Symposia series with the Winter Symposium in Barcelona, Spain, February 6 – 8. These events offer an interactive venue for participants to share ideas with peers and industry experts, learn practical BI strategies from leading companies, and gain new insights from MicroStrategy’s top technology leaders.
The Spring Symposia were held in Los Angeles, April 19 – 21, and Paris, April 24 – 26. At each event, MicroStrategy customers presented case studies demonstrating how they successfully deployed enterprise BI applications to improve business performance. The Los Angeles Spring Symposium included speakers from Victoria’s Secret Direct, Cancer Care Ontario, BearingPoint, Oakwood Homes, and InQuira. At the Paris Spring Symposium, customer speakers included representatives from Boucheron, Lancel, Bledina, Materis Peintures, and MRM Worldwide. The upcoming Summer Symposia will be held in London, July 10-12, and New York City, July 17-19.
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.
Contact:
MicroStrategy Incorporated
Investor Relations
ir@microstrategy.com
(703) 848-8600
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended
March 31,
2006 2005
(unaudited) (unaudited)
Revenues
Product licenses $23,133 $21,811
Product support and other services 46,365 38,175
Total revenues 69,498 59,986
Cost of Revenues
Product licenses 704 1,277
Product support and other services 8,830 7,416
Total cost of revenues 9,534 8,693
Gross profit 59,964 51,293
Operating Expenses
Sales and marketing 19,969 17,234
Research and development 8,250 7,218
General and administrative 10,749 8,352
Amortization of intangible assets 18 18
Total operating expenses 38,986 32,822
Income from operations 20,978 18,471
Financing and Other Income
Interest income 862 872
Interest expense (32) (15)
Gain on investments – 18
Other income (expense), net (151) 258
Total financing and other income 679 1,133
Income before income taxes 21,657 19,604
Provision for income taxes 6,664 4,551
Net income $14,993 $15,053
Basic earnings per share $1.11 $0.93
Diluted earnings per share $1.05 $0.89
Basic weighted average shares
outstanding 13,568 16,224
Diluted weighted average shares
outstanding 14,304 16,965
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
March 31, December 31,
2006 2005
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $42,744 $42,318
Restricted cash and investments 5,140 5,076
Short-term investments 28,037 53,761
Accounts receivable, net 37,699 43,052
Prepaid expenses and other current assets 6,854 6,209
Deferred tax assets, net 26,742 22,971
Total current assets 147,216 173,387
Property and equipment, net 11,305 12,031
Capitalized software development costs, net 3,139 3,669
Deposits and other assets 1,958 2,293
Deferred tax assets, net 78,480 86,393
Total assets $242,098 $277,773
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $18,077 $19,550
Accrued compensation and employee benefits 18,103 27,258
Deferred revenue and advance payments 59,550 45,874
Total current liabilities 95,730 92,682
Deferred revenue and advance payments 1,757 1,554
Other long-term liabilities 2,554 2,815
Total liabilities 100,041 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; 13,390 shares
issued and 10,080 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; 3,240 and
3,258 shares issued and outstanding,
respectively 3 3
Additional paid-in capital 433,085 428,062
Treasury stock, at cost; 3,310 and
2,675 shares, respectively (195,613) (136,817)
Accumulated other comprehensive income 2,433 2,318
Accumulated deficit (97,864) (112,857)
Total stockholders’ equity 142,057 180,722
Total liabilities and stockholders’ equity $242,098 $277,773
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three Months Ended
March 31,
2006 2005
(unaudited) (unaudited)
Operating activities:
Net income $14,993 $15,053
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization 2,070 2,373
Bad debt (recovery) provision (617) (134)
Deferred taxes 6,317 3,836
Stock-based compensation 404 –
Excess tax benefits from stock-
based payment arrangements (1,882) –
Other, net 1 (298)
Changes in operating assets and liabilities:
Accounts receivable 6,379 12,037
Prepaid expenses and other current
assets (556) 214
Deposits and other assets 339 144
Accounts payable and accrued expenses,
compensation and employee benefits (11,133) (11,389)
Deferred revenue and advance payments 13,663 8,611
Other long-term liabilities (152) 50
Net cash provided by operating
activities 29,826 30,497
Investing activities:
Proceeds from maturities of short-
term investments 65,650 19,000
Purchases of short-term investments (39,924) (49,293)
Purchases of property and
equipment, net (766) (537)
Capitalized software development costs – (926)
Increase in restricted cash and
investments (45) (5,061)
Net cash provided by (used in)
investing activities 24,915 (36,817)
Financing activities:
Proceeds from sale of class A common
stock under employee stock purchase
plan and exercise of employee stock
options 2,384 2,407
Excess tax benefits from stock-
based payment arrangements 1,882 –
Purchases of treasury stock (58,796) –
Net cash provided by (used in)
financing activities (54,530) 2,407
Effect of foreign exchange rate
changes on cash and cash
equivalents 215 (1,162)
Net (decrease) increase in cash and cash
equivalents from continuing operations 426 (5,075)
Net cash received from discontinued
operations – –
Net (decrease) increase in cash and
cash equivalents 426 (5,075)
Cash and cash equivalents, beginning of
period 42,318 68,314
Cash and cash equivalents, end of period $42,744 $63,239
SOURCE MicroStrategy Incorporated
CONTACT: MicroStrategy Incorporated Investor Relations, +1-703-848-8600,
or ir@microstrategy.com
Source: MicroStrategy
Angel.com and Skype Bring IVR Solutions to More Than 94 Million Skype Users Worldwide
Skype Users Gain Access to Angel.comâ??s Online Toolkit to Build and Deploy Interactive Voice Services
McLean, Va. (April 26, 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 a new strategic alliance with Skype(TM), the global Internet communications company.
The alliance will provide Skype users worldwide with access to Angel.com to quickly and easily create and manage speech-enabled IVR applications. For example, business owners who rely on Skype for Internet calling can now add speech-enabled automation services to manage tasks such as customer service inquiries and frequently asked questions or add communications capabilities to their existing commerce websites. Angel.com’s Site Builder toolkit also allows Skype users to create new, revenue-generating services, such as help lines for professionals with expertise in a specific topic or industry.
Angel.com has become one of Skype’s official platform partners, and Skype will promote Angel.com to users as a trusted provider of voice services and development resources.
“Skype’s recent launch of Skype for Business confirmed the growing demand for a new breed of business communications solutions,” said Michael Zirngibl, President and CEO of Angel.com. “By combining Angel.com’s on-demand IVR platform with Skype’s Internet communications software, businesses of any size will now be able to set up high-quality IVR and call center applications, without ever having to deal with a traditional telco again.”
To encourage Skype users to get started with Angel.com, the companies are currently offering a program that provides guidance and assistance throughout the application-building process. Business owners and individuals who would like to roll out a new application will receive, at no charge, access to Site Builder, dedicated support from an Angel.com representative, a new toll-free number, and promotion of approved voice services to the Skype and Angel.com user communities.
To learn more about the program, visit http://www.angel.com/skype.
“With Angel.com as a new Skype platform partner, our users gain access to a service that makes high-end voice technology available and affordable to businesses and single users alike,” said Lenn Pryor, Developer Platform and Relations Team Manager for Skype. “Angel.com is a great fit for our rapidly growing base of business customers.”
About Skype
Skype is the world’s fastest-growing Internet communication offering, allowing people everywhere to make unlimited voice and video communication for free. Skype is available in 27 languages and is used in almost every country around the world. Skype generates revenue through its premium offerings such as making and receiving calls to and from landline and mobile phones, as well as voicemail and call forwarding. Skype also has relationships with a growing network of hardware and software providers. Skype is an eBay company (NASDAQ: EBAY). To learn more visit skype.com.
Skype is not a telephony replacement service and cannot be used for emergency calling.
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. To learn more about Angel.com, visit www.angel.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, Angel.com, Site Builder 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
MicroStrategy to Announce First Quarter 2006 Financial Results
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, announced that it expects to issue a press release after market close on April 27, 2006 to report its financial results for the first quarter of 2006. The Company does not hold conference cal
McLean, Va., (April 21, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, announced that it expects to issue a press release after market close on April 27, 2006 to report its financial results for the first quarter of 2006. The Company does not hold conference calls following the release of its quarterly financial results.
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 Availability of Inexpensive Business Reporting Software
Reporting Packages Deliver Scalable Business Reporting at Dramatically Lower Prices
McLean, Va., (April 19, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the availability of four new low-cost reporting software packages. These packages are attractively-priced bundles of existing MicroStrategy products designed to deliver Pixel-Perfect(TM) reporting to business users, with prices starting as low as $150 per named user.
MicroStrategy is known for its scalable, feature-rich business intelligence product line suitable for both business users and data analysts. The new reporting packages, which are priced 30% – 70% lower than MicroStrategy’s full-featured a la carte products, give report consumers the reporting features they require and take full advantage of MicroStrategy’s outstanding scalability and industrial-strength reliability.
With these low-cost reporting packages, customers can economically deploy reporting applications to thousands of users against terabytes of data. The MicroStrategy reporting packages are well-suited for customers considering reporting packages from Business Objects or Cognos, who are concerned about the scalability, reliability, and the seamless integration of reporting and analytics in these products. Existing MicroStrategy customers who want to fully leverage their investment in order to deliver reports economically to large business user populations will also find these packages attractive.
“At Chuck Latham Associates, we have ‘large company’ requirements on a tight budget,” said Bobby Brown, IT Director of Chuck Latham Associates. “MicroStrategy’s reporting packages enable us to implement enterprise-level reporting without the larger price tag that is typically associated with this type of business intelligence solution.”
Since the metadata is 100% compatible with MicroStrategy’s full-featured product line, companies can leverage all of their reporting project investments including report definitions, security definitions, user roles, and user privileges, if and when they migrate to MicroStrategy’s full-featured products.
“The new reporting bundles nicely combine multiple products into one bundle, both simplifying the purchasing process and reducing the price point over the previous a la carte or server-based, clock-speed pricing options,” said Cindi Howson, President of ASK and author of BIScorecard product reviews. “MicroStrategy is known for its ability to handle some of the most demanding BI applications with large data and user scalability requirements, and these reporting packages enable companies to start with the precise features needed for report consumers and then expand their reporting capabilities as their BI initiatives dictate.”
“MicroStrategy’s new report-centric packages offer reporting features comparable to Crystal Reports, but with greater data and user scalability,” said MicroStrategy COO, Sanju Bansal. “Companies can take advantage of these attractively-priced reporting packages as they build their initial BI applications or expand reporting capabilities to more users across their enterprise.”
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
Panorama Software Continues to Deliver Best in Class Business Intelligence Solutions to the Enterprise
Panorama Software, the original developers of the OLAP technology that was sold to Microsoft Corporation (NasdaqNM:MSFT) and a global leader in business intelligence (BI) solutions, today shared its position on the acquisition of ProClarity by Microsoft.
TORONTO, ON (April 13, 2006) –
Panorama Software, the original developers of the OLAP technology that was sold to Microsoft Corporation and a global leader in business intelligence (BI) solutions, today shared its position on the acquisition of ProClarity by Microsoft.
“Panorama fully supports Microsoft’s decision to acquire ProClarity,” said Eynav Azarya, CEO, Panorama Software. We are happy to see Microsoft researching and investing in the BI space. ProClarity provides visualization tools for Microsoft’s OLAP technology and we strongly believe this will help Microsoft and its partners to drive better BI solutions. Panorama plans to take full advantage of the Microsoft platform and integrate the new visualization capabilities into our NovaView(TM) platform.”
As a long time partner of Microsoft, Panorama remains committed and focused on delivering the very best enterprise BI solutions that leverage the Microsoft platform. Panorama NovaView Server, the company’s middle-tier application server that extends and integrates with Microsoft’s BI applications and platform, provides a comprehensive single server solution that significantly increases the scalability of SQL Server Analysis services and simplifies the management of both Microsoft and Panorama’s applications. Panorama NovaView goes beyond visualization, providing a complete and integrated set of integrated applications that include analytics, reports, scorecards, dashboards, advanced 3-D visualization and business modeling.
As part of an increased focus on the large enterprise market, Panorama recently announced the extension of its leading enterprise BI solution – Panorama NovaView – to the SAP Business Information Warehouse (SAP BW) platform. SAP BW is the core component of SAP Business Intelligence, itself a component of the SAP NetWeaver(TM) platform. This extension enables SAP BW customers for the first time, to truly leverage their SAP data for decision making and performance management across the enterprise through a complete suite of analytics, reporting, scorecarding, dashboarding and business modeling applications.
The support for SAP BW is part of an overall strategic mission by Panorama to deliver the market’s most complete and integrated set of BI solutions for SAP BW and Microsoft platforms. By leveraging customers’ existing SAP investments, companies can standardize on a single BI platform with Panorama NovaView. By extending its proven BI capabilities, Panorama proactively provides SAP customers relevant and accurate information they need to make better business decisions at every level of the enterprise.
About Panorama Software
Panorama Software, the company that sold its leading OLAP technology to Microsoft, helps global organizations unlock the hidden value of their information assets to improve business performance and results through SMART, SIMPLE and COMPLETE BI solutions. Panorama takes advantage of the Microsoft and SAP platforms through smart, simple and complete business intelligence and corporate performance management solutions.
Panorama, a leading innovator of business intelligence solutions, supports customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences. Panorama has more than 250 partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com.
Source: Panorama Software
Micro Center Selects MicroStrategy for Enterprise Reporting and Analysis
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Micro Center has selected MicroStrategy as its strategic enterprise reporting and analysis standard. Micro Center is one of the companies of Micro Electronics, Inc. and o
McLean, Va., (April 12, 2006) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Micro Center has selected MicroStrategy as its strategic enterprise reporting and analysis standard. Micro Center is one of the companies of Micro Electronics, Inc. and one of the nation’s largest computer retailers, with over 35,000 products and 12 specialized departments in each of its retail stores.
MicroStrategy will support multiple business intelligence applications for Micro Center. Planned MicroStrategy-based applications will encompass marketing, market-basket analysis, and category management. Micro Center selected MicroStrategy because of its intuitive Web interface and self-service infrastructure, which will help Micro Center quickly address the reporting needs of their business. In addition, Micro Center found MicroStrategy easy to administer with a very small support staff, resulting in a low total cost of ownership.
“The MicroStrategy platform has the flexibility and scalability we need to support our multiple business intelligence applications,” said Misty Kuamoo, Director of Information Technology for Micro Center. “We are impressed with MicroStrategy’s easy to use Web interface which will help us work more efficiently and provide critical insights to enhance our business performance.”
“We are proud to count Micro Center as a new MicroStrategy customer,” said MicroStrategy COO, Sanju Bansal. “Many of the world’s top retailers have standardized on MicroStrategy for business intelligence. Our ability to provide insightful reports on critical data – drilled down to the customer-transactional level – has proved to be invaluable to our retail clients.”
About Micro Center
Micro Center is one of the companies of Micro Electronics, Inc., a privately held organization headquartered in Hilliard, Ohio in suburban Columbus. With growing companies in retail, direct marketing and technology recycling, plus an emerging eCommerce presence, Micro Electronics, Inc. is ranked 301st on Forbes 2004 Top Private Companies list.
Micro Center is “The Ultimate Computer Store” because they offer customers more of what they want-more selection, better service, an enjoyable and interactive shopping atmosphere and especially more assistance from a professional and technically astute store staff.
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