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MicroStrategy Announces Second Quarter 2005 Financial Results
Revenue Increases 31%, Operating Income Up 89%, and Net Income Increases 54%, Year-Over-Year
MCLEAN, Va. (July 28, 2005) –
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, 2005 (the second quarter of its 2005 fiscal year).
Second quarter 2005 revenue was $65.4 million versus $49.9 million in the second quarter of 2004, a 31% increase. License revenue for the second quarter of 2005 was $24.3 million versus $18.3 million for the second quarter of 2004, a 32% increase. Net income for the second quarter of 2005 was $17.6 million, or $1.12 per share on a diluted basis. Second quarter 2005 income from operations was $23.0 million, or 35% of revenue, versus $12.2 million, or 24% of revenue, in the second quarter of 2004.
For the six-month period ended June 30, 2005, revenue was $125.4 million versus $99.0 million for the same period in 2004, a 27% increase. License revenue for the six-month period ended June 30, 2005 was $46.1 million versus $37.1 million in 2004, a 24% increase. Net income for the first six months of 2005 was $32.6 million, or $1.99 per share on a diluted basis. Income from operations for the six-month period ended June 30, 2005, was $41.4 million, or 33% of revenue, versus $22.4 million, or 23% of revenue, for the same period in 2004.
During the second quarter of 2005, MicroStrategy repurchased 2.5 million shares of its class A common stock for $127.6 million at an average price per share of $50.84. As of June 30, 2005, MicroStrategy had $50.6 million in cash and cash equivalents and 10,410,090 shares of class A common stock and 3,394,399 shares of class B common stock outstanding.
“MicroStrategy’s business exhibited outstanding operating leverage and generated significant operating cash flows in the second quarter. Operating income increased 89% compared to the second quarter of 2004 and revenues increased 31% during the same period,” said Arthur S. Locke, III, MicroStrategy’s Vice President, Finance & Chief Financial Officer. “Net cash generated from operations for the first half of 2005 was $52.2 million, compared to $37.8 million for the first half of 2004.”
“We are proud of our 31% year-over-year organic revenue growth in the second quarter of 2005,” said Michael Saylor, MicroStrategy’s Chairman and CEO. “We are also pleased that IDC recently cited MicroStrategy as the fastest growing top 10 BI vendor in both 2004 and 2003. We believe that MicroStrategy 8, with its enhanced user interface designed for use by business people, makes MicroStrategy technology even easier to use and well-suited for large scale business intelligence deployments.”
New Customers and New Deals with Existing Customers in Q2 2005 included:
Financial Services
1st Financial Bank USA; Bank of the West; Equity Office Properties Trust;
Wells Fargo
Retail
Charming Shoppes, Inc.; Family Dollar Stores, Inc.; Federated Systems
Group; Hannaford Bros. Co.; HE Butt Grocery Company; Hudson’s Bay
Company; New York & Co., Group Inc.; Retail Ventures, Inc.; Shoppers
Drug Mart
Government
Centers for Medicare and Medicaid Services; Federal Bureau of
Investigation; Ohio Department of Education; Transportation Security
Administration
Pharmaceutical
ImpactRx; Forest Laboratories; Prescription Solutions; Verispan, LLC
Manufacturing/Distribution
CSK Auto Corporation; emedco; Porsche Cars North America; Rheem
Manufacturing
Other
Children International; DMX Group; Focus Technology Group; Marketing
Direct, Inc.; Meredith Corporation; Monster Government Solutions;
Vcommerce Corporation; Yahoo!
Examples of Noteworthy Customer Deals from Q2 2005:
Transportation Security Administration
The Transportation Security Administration’s (TSA) Office of Strategic Management and Analysis, part of the U.S. Department of Homeland Security, implemented the MicroStrategy Business Intelligence Platform(TM) to analyze transportation security operations at commercial airports nationwide. TSA executives, Federal Security Directors, and TSA field staff use MicroStrategy’s software to assess and streamline the performance of commercial airport security operations. MicroStrategy anchors TSA’s Performance Management Information System (PMIS), which collects, analyzes, and reports passenger and baggage screening data. Operational performance metrics, such as wait times at selected airports, TSA staff utilization, and screening equipment utilization are collected and reported via the PMIS system.
Bank of the West
Based in San Francisco, Bank of the West is the fourth-largest commercial bank headquartered west of the Mississippi, with 480 banking locations in 16 states. After evaluating numerous business intelligence products, Bank of the West selected MicroStrategy for risk management reporting and analysis. To mitigate risk in collections and lending, Bank of the West will use MicroStrategy to glean valuable information from its collections data warehouse. With MicroStrategy, Bank of the West personnel can analyze lending and collections data to generate reports that compare risk management strategies, assess effectiveness, and determine optimal risk management policies for the company.
Family Dollar Stores, Inc.
Family Dollar, one of the fastest growing discount store chains in the United States with stores in 44 states, has selected MicroStrategy for enhanced sales analysis and inventory management. Using MicroStrategy, Family Dollar personnel will generate comprehensive sales and inventory reports for greater insight into what products are selling at their 5,700 stores. MicroStrategy’s intuitive user interface and Web report delivery provides Family Dollar business users with valuable data to make better-informed decisions that can improve sales performance, inventory management, and customer satisfaction.
Monster Government Solutions
Monster Government Solutions is a leading provider of government human capital solutions and a wholly owned subsidiary of Monster Worldwide, Inc. Monster Government Solutions selected MicroStrategy to support its enterprise hiring management solution, which allows government HR professionals to build and post vacancy announcements and develop online questionnaires to help them evaluate and hire the best candidates. Monster Government Solutions is relying on MicroStrategy to develop a new business intelligence module for its hiring management solution, which is used by more than 100 government agencies. With the new module, agencies will be able to report on, analyze, and drive the performance of their critical human capital initiatives and operations. Monster Government Solutions chose MicroStrategy over the competing products because of its easy-to-use Web interface, outstanding security, and scalability for a growing number of users.
Update on MicroStrategy 8:
Launched earlier this year, MicroStrategy 8 provides fully integrated reporting, analysis, and dashboarding capabilities. The MicroStrategy 8 user interface has been redesigned to greatly improve productivity for business people. Unlike products that require technically-trained developers for report development, MicroStrategy 8 enables business people to format reports and scorecards in WYSIWYG (what-you-see-is-what-you-get) mode. These business people can control the content and structure of their own reports with minimal assistance from IT staff.
On July 14, 2005, MicroStrategy announced the release of MicroStrategy 8 for 64-bit Linux and the new high-capacity, entry-level servers containing 64- bit x86 processors. MicroStrategy customers now have additional operating system and hardware options to increase the performance and value of their BI systems. MicroStrategy 8’s 64-bit architecture enables customers to run more applications and support larger numbers of users per server, and our support for Linux provides customers with increased operating system flexibility for deployment of their business intelligence applications.
IDC Cites MicroStrategy as Fastest Growing Top 10 BI Vendor:
IDC’s Worldwide Business Intelligence 2004 Vendor Shares report identified MicroStrategy as the fastest-growing top 10 Business Intelligence software vendor for the second year in a row, with software license and maintenance revenue growth of 32.8% in 2004 and 24.0% in 2003. According to the IDC report, MicroStrategy’s results during these periods have been based on a strong focus on its core strength in highly scalable business intelligence deployments. The IDC report also noted that MicroStrategy has been on the leading edge in user interface development for both end users and developers.
MicroStrategy Regional and Annual User Conferences:
The MicroStrategy Summer Symposium was held on July 18-20, 2005 in Chicago, Illinois and offered an environment for participants to exchange ideas and learn from MicroStrategy customers such as Intel, Cardinal Health, Nationwide Insurance, Corporate Express, Inovant, Sprint, Tyco International, U.S. Postal Service, and Retail Ventures who presented business intelligence case studies. The event was interactive. Attendees provided MicroStrategy product managers feedback and input on MicroStrategy technology and also participated in one-on-one consultations with MicroStrategy Technology Advisory Service (TAS) principals to get expert advice on their particular BI challenges.
Following the success of EuroWorld 2004, the Company’s first European users’ conference, MicroStrategy is planning this year’s event in Bonn, Germany. EuroWorld 2005, October 18-20, will feature visionary keynote speakers, more than 35 technical sessions covering a wide range of topics, and customer presentations from leading European companies including British American Tobacco, METRO Group, PEPSI Bottling Group, Deutsche Borse, Telefonica, and MACH.
Other upcoming MicroStrategy user events include the MicroStrategy Fall Symposium in October and MicroStrategy World 2006, February 13-16, in Miami, Florida.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at http://www.microstrategy.com
MicroStrategy, MicroStrategy 8 and MicroStrategy 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 its 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, MicroStrategy 7i, MicroStrategy Universal Edition, and MicroStrategy Report Services 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,
2005 2004 2005 2004
(unaudited) (unaudited)
Revenues
Product licenses $24,255 $18,323 $46,066 $37,134
Product support and
other services 41,182 31,561 79,357 61,856
Total revenues 65,437 49,884 125,423 98,990
Cost of revenues
Product licenses 918 870 2,195 1,714
Product support and
other services 8,179 7,269 15,595 14,180
Total cost of
revenues 9,097 8,139 17,790 15,894
Gross profit 56,340 41,745 107,633 83,096
Operating expenses
Sales and marketing 16,533 15,538 33,767 31,944
Research and
development 8,061 6,516 15,279 13,246
General and
administrative 8,773 7,503 17,125 15,456
Amortization of
intangible assets 18 17 36 35
Total operating
expenses 33,385 29,574 66,207 60,681
Income from
operations 22,955 12,171 41,426 22,415
Financing and other
income (expense)
Interest income 721 174 1,593 289
Interest expense (17) (11) (32) (25)
Loss on investments (149) (85) (131) (85)
Other income
(expense), net 1,157 (241) 1,415 565
Total financing
and other income
(expense) 1,712 (163) 2,845 744
Income before income
taxes 24,667 12,008 44,271 23,159
Provision for
income taxes 7,080 581 11,631 1,353
Net income $17,587 $11,427 $32,640 $21,806
Basic earnings per
share $1.16 $0.71 $2.08 $1.36
Diluted earnings per
share $1.12 $0.67 $1.99 $1.27
Basic weighted
average shares
outstanding 15,149 16,056 15,683 16,033
Diluted weighted
average shares
outstanding 15,767 17,128 16,363 17,190
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
June 30, December 31,
2005 2004
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $50,632 $68,314
Restricted cash and investments 5,998 1,210
Short-term investments 14 37,816
Accounts receivable, net 32,387 40,917
Prepaid expenses and other current assets 4,685 6,337
Deferred tax assets, net 22,874 20,583
Total current assets 116,590 175,177
Property and equipment, net 13,950 16,096
Capitalized software development costs, net 4,804 5,479
Long-term investments – 26,365
Deposits and other assets 2,623 3,021
Deferred tax assets, net 101,090 110,818
Total assets $239,057 $336,956
Liabilities and stockholders’ equity
Current liabilities
Accounts payable and accrued expenses $15,239 $18,906
Accrued compensation and employee benefits 19,389 25,292
Accrued restructuring costs 1,756 1,762
Deferred revenue and advance payments 47,113 43,674
Total current liabilities 83,497 89,634
Deferred revenue and advance payments 2,002 1,681
Other long-term liabilities 2,974 3,157
Accrued restructuring costs 1,231 1,906
Total liabilities 89,704 96,378
Stockholders’ equity:
Preferred stock undesignated; $0.001 par
value; 4,971 shares authorized; no shares
issued or outstanding – –
Class A common stock; $0.001 par value;
330,000 shares authorized; 12,988 shares
issued and 10,410 shares outstanding, and
12,841 shares issued and 12,773 shares
outstanding, respectively 13 13
Class B common stock; $0.001 par value;
165,000 shares authorized; 3,394 and
3,394 shares issued and outstanding,
respectively 3 3
Additional paid-in capital 422,263 417,287
Treasury stock, at cost; 2,578 and 68
shares, respectively (129,893) (2,331)
Accumulated other comprehensive income 1,926 3,206
Accumulated deficit (144,959) (177,600)
Total stockholders’ equity 149,353 240,578
Total liabilities and stockholders’ equity $239,057 $336,956
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Six months ended
June 30,
2005 2004
(unaudited)
Operating activities:
Net income $32,640 $21,806
Adjustments to reconcile net income
to net cash provided by operating
activities
Depreciation and amortization 4,521 4,167
Bad debt recovery (49) (27)
Loss on investments 131 85
Discount amortization on short-
and long-term investments (490) –
Deferred taxes 9,592 288
Other, net 12 60
Changes in operating assets and
liabilities:
Accounts receivable 7,444 3,245
Prepaid expenses and other current
assets 1,058 (1,263)
Deposits and other assets 292 (1,458)
Accounts payable and accrued
expenses, compensation and employee
benefits (8,019) (1,050)
Accrued restructuring costs (724) (1,470)
Deferred revenue and advance payments 5,932 11,705
Other long-term liabilities (183) 1,683
Net cash provided by operating
activities 52,157 37,771
Investing activities:
Proceeds from maturities of short-
term investments 38,000 –
Proceeds from sales of short-term
investments 49,593 –
Proceeds from sales of long-term
investments 26,517 –
Purchases of short-term investments (49,293) –
Purchases of long-term investments – (26,353)
Purchases of property and equipment, net (881) (3,193)
Capitalized software development costs (926) (1,414)
Increase in restricted cash and investments (4,845) (3)
Net cash provided by (used in)
investing activities 58,165 (30,963)
Financing activities:
Proceeds from sale of class A common stock
under exercise of employee stock options
and employee stock purchase plan 2,952 2,412
Purchases of treasury stock (127,562) –
Net cash (used in) provided by
financing activities (124,610) 2,412
Effect of foreign exchange rate
changes on cash and cash equivalents (3,394) (319)
Net (decrease) increase in cash and cash
equivalents from continuing operations (17,682) 8,901
Net cash received from discontinued
operations – 34
Net (decrease) increase in cash and cash
equivalents (17,682) 8,935
Cash and cash equivalents, beginning of period 68,314 51,882
Cash and cash equivalents, end of period $50,632 $60,817
SOURCE MicroStrategy Incorporated
CONTACT: MicroStrategy Incorporated Investor Relations, +1-703-848-8600,
ir@microstrategy.com
Source: MicroStrategy
MicroStrategy Cited as Fastest Growing Top 10 Business Intelligence Vendor, According to Leading Industry Analyst Firm
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that IDCâ??s Worldwide Business Intelligence 2004 Vendor Shares report identified MicroStrategy as the fastest-growing top 10 Business Intelligence software vendor for the sec
McLean, Va., (July 27, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that IDC’s Worldwide Business Intelligence 2004 Vendor Shares report identified MicroStrategy as the fastest-growing top 10 Business Intelligence software vendor for the second year in a row, with software license and maintenance revenue growth of 32.8% in 2004 and 24.0% in 2003.
According to the IDC report, MicroStrategy’s results during these periods have been based on a strong focus on its core strength in highly scalable business intelligence deployments. The IDC report also cited the company’s legacy as the primary relational OLAP (ROLAP) vendor and noted that MicroStrategy has also been on the leading edge in user interface development for both end users and developers.
“The robust interactivity and visualization of MicroStrategy’s reporting environment can certainly be considered best of breed,” said Dan Vesset of IDC. “With the introduction of MicroStrategy 8 earlier this year, MicroStrategy is offering an integrated platform for reporting and analysis with an intuitive Web interface tailored for the mainstream business user. In addition, the user-friendly report design and editing capabilities make it a strong option for organizations looking to deploy business intelligence throughout their enterprise.”
“MicroStrategy is proud of its revenue growth and technology advancements,” said MicroStrategy’s COO Sanju Bansal. “We are also delighted with the positive response from our customers and industry analysts to MicroStrategy 8 and its enhanced user interface. While MicroStrategy has long been known for innovative technology and exceptional user and data scalability, the newly designed Web interface of MicroStrategy 8 makes business intelligence more accessible to the average business user.”
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.
This press release may include statements that may constitute “forward-looking statements,” including its 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy to Announce Second Quarter 2005 Financial Results
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, expects to issue a press release on July 28, 2005, to announce its financial results for the second quarter of 2005.
MCLEAN, Va., (July 21, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, expects to issue a press release on July 28, 2005, to announce its financial results for the second quarter of 2005.
MicroStrategy has recently reviewed its practice of holding a conference call to discuss its quarterly financial results. The Company believes that it is in the best interests of its shareholders to focus on long-term financial performance, which allows the management team to more effectively run operations and build long-term shareholder value. Accordingly, consistent with our decision at the beginning of this year to discontinue providing revenue or earnings guidance, the Company has also decided that it will no longer hold conference calls following the release of its quarterly financial results. Investors who wish to receive a copy of the Company’s most recent annual report or proxy statement may contact us by e-mail at ir@microstrategy.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 http://www.microstrategy.com.
This press release may include statements that may constitute “forward-looking statements,” including its 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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 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.
Investor Relations Director
MicroStrategy Incorporated
(703) 848-8600
ir@microstrategy.com
Source: MicroStrategy
Turkish Airlines Enhances Reporting and Analysis Capabilities with MicroStrategy
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Turkish Airlines, the flag carrier of Turkey, has selected MicroStrategy to report on and analyze its corporate performance data.
McLean, VA., (July 21, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Turkish Airlines, the flag carrier of Turkey, has selected MicroStrategy to report on and analyze its corporate performance data.
Turkish Airlines uses MicroStrategy for reporting and analysis of sales and flight data stored in a 1-terabyte data warehouse. Turkish Airlines personnel including business analysts, IT experts, and executives make proactive business decisions using the analytical power of the MicroStrategy platform.
“With greater insight into our business data, our management team can make timely, informed business decisions and promptly communicate the necessary actions to our operational departments,” said Ali Güler, SVP of Turkish Airlines IT. “By using MicroStrategy, we have the capabilities to effectively analyze and interpret the volumes of data we have collected.”
“MicroStrategy allows companies like Turkish Airlines to gain a deeper understanding of its operations and its customer base,” said Sanju Bansal, MicroStrategy’s COO. “With MicroStrategy’s easy-to-use Web interface and outstanding scalability, Turkish Airlines’ personnel can drill down into their data and seek the answers they need to enhance operations and customer service.”
About Turkish Airlines
Founded in 1933 by the architect of modern Turkey, Mustafa Kemal Atatürk, Turkish Airlines at the time had a tiny fleet of five planes able to carry a total of 28 people. The company, which made its first domestic flight in 1933 and its first international flight in 1947, has now become a reliable and friendly brand name with a smile, not only for Turks but for citizens of the whole world who prefer it for their travels. Over 12 million passengers a year currently choose Turkish Airlines. The Turkish flag flies through the skies of four continents, carrying passengers on direct flights to a total of 107 destinations, 29 at home and 78 abroad. With an average age of 6, our fleet is now slated to be further modernized and rejuvenated with the addition, starting at the end of 2005, of 59 new aircraft for which contracts have already been signed.
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 Release of MicroStrategy 8 on 64-Bit Linux
MicroStrategy Supports Newest 64-Bit Servers
McLean, Va., (July 14, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced the release of MicroStrategy 8 certified on Red Hat Enterprise Linux. MicroStrategy 8, introduced earlier this year, features a single unified architecture for reporting, analysis, and monitoring and an innovative Web interface that makes business intelligence more approachable for all users.
MicroStrategy 8 running in 64-bit mode enhances the scalability of the MicroStrategy platform, giving customers the ability to support larger numbers of users and build more complex applications. MicroStrategy’s 64-bit architecture is designed for business intelligence deployments with a large user base and high data scale, and is compatible with the newest 64-bit server processors to give customers more choices for increased performance and value.
Additionally, the availability of MicroStrategy on Linux, an operating system gaining broader corporate acceptance for its stability and cost-effectiveness, will provide MicroStrategy customers with increased flexibility for deployment of their enterprise business intelligence applications. MicroStrategy’s single code base ensures enhancements are immediately available on all platforms that MicroStrategy supports: Windows, AIX, Solaris, and now Red Hat Enterprise Linux.
“The upcoming release of MicroStrategy 8 on 64-bit Linux is yet another indicator of MicroStrategy’s commitment to providing our customers with the versatility they require to implement performance enhancing business intelligence applications,” said MicroStrategy COO Sanju Bansal. “Our customers have sophisticated business intelligence applications and the combination of 64-bit Linux with MicroStrategy 8 delivers powerful new capabilities that can scale to meet our customers’ ever-growing requirements.”
“We expect to see substantial growth and a rising interest in Linux-based BI products over the next five years,” said Dan Vesset of IDC. “As the fastest growing top 10 BI software vendor based on 2004 license and maintenance revenue, it’s no surprise that MicroStrategy is announcing the availability of MicroStrategy 8 on 64-bit Linux. MicroStrategy continues to stay on the leading edge of technology, which is one of the key reasons for their success.”
“Through participation in the Intel® Early Access Program, MicroStrategy has used the latest Intel technology to help provide their customers with the flexibility and functionality required for large-scale business intelligence deployments,” said Melissa Laird, General Manager of Intel’s Developer Relations Division. “The 64-bit Intel Xeon(TM) processors open vast amounts of memory addressability, while providing improved performance for traditional 32-bit applications.”
“For customers who want an economical decision support-system, combining MicroStrategy 8 with HP industry-standard platforms running Linux is a win-win,” said Efrain Rovira, Worldwide Director of Open Source & Linux Organization, HP. “HP offers choices from the broadest range of industry-standard servers with Linux – from HP ProLiant servers to HP BladeSystem with x86 64-bit processors – providing extraordinary value to companies who want 64-bit performance.”
“Red Hat applauds partners like MicroStrategy who choose Red Hat Enterprise Linux as a standard, supported platform,” said Tim Yeaton, Senior Vice President of Marketing at Red Hat. “We are pleased to work with our partner community to provide choices to customers building open source architectures in the 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.
This press release may include statements that may constitute “forward-looking statements,” including its 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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, 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
Monster Government Solutions Selects MicroStrategy for New Enterprise Hiring Management Solution Module
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Monster Government Solutions, a business unit of Monster Worldwide, Inc. (NASDAQ: MNST), has selected MicroStrategy to support a new module of QuickHire, its enterprise h
McLean, Va., (June 29, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Monster Government Solutions, a business unit of Monster Worldwide, Inc. (NASDAQ: MNST), has selected MicroStrategy to support a new module of QuickHire, its enterprise hiring management solution. QuickHire utilizes the Internet to allow government HR professionals to build and post vacancy announcements and develop online questionnaires to help them evaluate and hire the best candidates.
Monster Government Solutions selected MicroStrategy to develop a new business intelligence module for QuickHire, which is used by more than 100 government agencies. The new module will allow Monster Government Solutions’ customers to easily create, view, and distribute reports on critical human capital initiatives such as the 45-day hiring model and race and national origin reporting.
“We chose MicroStrategy over the competing business intelligence products because of its easy-to-use Web interface, security, and scalability for our growing number of users,” said Monster Government Solutions SVP and General Manager, Chris McCarrick. “MicroStrategy provides the sophisticated capabilities for our QuickHire Business Intelligence module that will give our customers the detailed analytics needed to make important business decisions to improve hiring cycle time, regulatory compliance, and the overall quality of applicants.”
“We are proud to be working with Monster Government Solutions to support their innovative application for government hiring,” said MicroStrategy COO, Sanju Bansal. “MicroStrategy software is recognized for its user-friendly reporting features, data scalability, and its ability to be Web-deployed to thousands of users securely.”
About Monster Government Solutions
A wholly owned subsidiary of Monster Worldwide, Inc., Monster Government Solutions applies the proven expertise essential to solving the human capital challenges facing government agencies. Through our Performance Continuum(TM), we offer a host of solutions from planning and recruitment to assessment, staffing and hiring, including QuickHire, our enterprise hiring management system. Monster Government Solutions serves more than 100 government agencies and has offices in the Washington, D.C. and Boston metropolitan areas. More information about Monster Government Solutions is available at www.monstergovernmentsolutions.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
Transportation Security Administration Implements MicroStrategy Software to Assess Airport Security Nationwide
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Transportation Security Administrationâ??s (TSA) Office of Strategic Management and Analysis, part of the U.S. Department of Homeland Security, has implemented the Mi
McLean, Va., (June 22, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the Transportation Security Administration’s (TSA) Office of Strategic Management and Analysis, part of the U.S. Department of Homeland Security, has implemented the MicroStrategy Business Intelligence Platform(TM) to analyze transportation security operations at commercial airports nationwide. The solution was implemented by McLean, Virginia-headquartered BearingPoint, Inc.
TSA executives, Federal Security Directors, and TSA field staff use MicroStrategy’s software to assess and streamline the performance of commercial airport security operations. MicroStrategy anchors TSA’s Performance Management Information System (PMIS), which collects, analyzes, and reports passenger and baggage screening data. Operational performance metrics, such as wait times at selected airports, TSA staff utilization, and screening equipment utilization are collected and reported via the PMIS system.
“We’re proud that our technology is TSA’s software-of-choice for these critical performance reporting applications, and that it is being deployed for work so clearly vital to the nation’s security and the well-being of its citizens,” said MicroStrategy’s COO Sanju Bansal. “Federal and state government agencies are choosing MicroStrategy to gain better visibility into their operations and to help make important decisions on a wide range of matters.”
About TSA
The Transportation Security Administration protects the nation’s transportation systems to ensure freedom of movement for people and commerce. The TSA was established in 2001 when the President signed into law the Aviation and Transportation Security Act (ATSA). This Act established a series of challenging but critically important milestones toward achieving a secure air travel system.
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.
This press release may include statements that may constitute “forward-looking statements,” including its 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
MicroStrategy Symposium to Highlight Real-world Business Intelligence Solutions
Two-day Event Offers Innovative Forum for Discussion of BI Best Practices
McLean, Va., (June 09, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced it will host the MicroStrategy Summer Symposium on July 18-20, 2005 at the Hyatt Regency McCormick Place in Chicago, Illinois. The two-day event will provide a unique, interactive forum for participants to exchange ideas with peers and industry experts, learn best practices in business intelligence from successful companies, and meet with MicroStrategy’s top technology leaders to gain valuable technical insights.
The Symposium will feature real-world case studies on how industry-leading companies use MicroStrategy to increase revenues, reduce operational costs, and improve performance. MicroStrategy customers scheduled to present at the Summer Symposium include Intel, Cardinal Health, Nationwide, Corporate Express, Inovant, and Sprint.
MicroStrategy Summer Symposium attendees can choose from more than 40 sessions covering a wide range of business and technology topics. MicroStrategy customers will demonstrate and discuss corporate performance management applications, and product managers and engineers will demonstrate advanced BI development techniques as well as share proven strategies for optimizing BI application usage and performance.
Unique to this event, MicroStrategy will introduce Product Direction Sessions, led by senior product and program managers, where attendees can share their experiences to help shape future enhancements of MicroStrategy products. Another exclusive opportunity at the Symposium is for participants to schedule a one-hour consultation, at no charge, with a member of the MicroStrategy Technical Advisory Services Team to discuss their most challenging questions.
“We are excited about the highly collaborative format of our Summer Symposium, where attendees can engage in lively discussions on their most pressing business intelligence questions and even schedule a free consultation with our top technical experts,” said Sanju Bansal, MicroStrategy COO. “The Summer Symposium offers an interactive environment that will provide participants with practical ideas and information to enhance their organization’s business intelligence initiatives.”
To learn more about the MicroStrategy Summer Symposium, visit www.microstrategy.com/summersymposium.
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 Tops Peer Group as Preferred Business Intelligence Product to Standardize on, According to Independent Survey
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that in an independent survey of companies using different business intelligence software to improve their performance, MicroStrategy was the preferred product on which to sta
McLean, Va., (June 07, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that in an independent survey of companies using different business intelligence software to improve their performance, MicroStrategy was the preferred product on which to standardize as compared to its Peer Group. The Peer Group consists of MicroStrategy, Hyperion Essbase, Cognos PowerPlay, Business Objects and Oracle Discoverer.
Conducted by one of the leading authorities in the OLAP field, Nigel Pendse, The OLAP Survey 4 compiled findings from almost 1,000 customer sites. In the survey, companies using more than one BI product were asked which product they would choose to standardize on and why. MicroStrategy was selected by 87.5% of the respondents. When asked about their decision, participants cited several reasons, including product features, ease of management and Web deployability.
The OLAP Survey 4 Peer Group Ranking for Preferred Product to Standardize On:
Product
Ranking
MicroStrategy
1
Business Objects
2
Cognos PowerPlay
3
Hyperion Essbase
4
Oracle Discoverer
5
“The tendency of MicroStrategy customers to choose it as the product to standardize on for sites with multiple BI products is a testament to the range of features it now offers,” reported Nigel Pendse, author of The OLAP Survey 4.
“The preference for standardizing on MicroStrategy is indicative of MicroStrategy’s ability to serve organizations’ decision-making needs from a single integrated reporting and analysis architecture,” said Sanju Bansal, MicroStrategy’s COO. “These results highlight MicroStrategy’s flexibility to accommodate a wide range of BI applications, ease of use, and extensive range of BI functionality.”
To view a summary of The OLAP Survey 4 results, go to: http://www.microstrategy.com/bisurvey
About The OLAP Survey 4
The OLAP Survey 4 (http://www.survey.com/olap), the largest and most comprehensive survey of OLAP products to date, is a quantifiable survey of the $4 billion OLAP market. The survey, conducted by Nigel Pendse and Survey.com, analyzed data from nearly 1,000 sites in 51 countries. No vendors were involved in developing the questions, or in sponsoring the survey, making it the most reliable and unbiased research on the OLAP market. This year’s survey asked more than 50 usage and adoption questions concerning 42 different OLAP products.
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.
This press release may include statements that may constitute “forward-looking statements,” including its 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 that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s 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, 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
JALCARD, Incorporated Selects MicroStrategy for Customer Reporting and Analysis
Tokyo-based Credit Card Provider Enhances Service to 1.35 Million Customers
McLean, Va., (June 01, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, and MicroStrategy distributor, JMA Systems, today announced that JALCARD, Incorporated has deployed the MicroStrategy Business Intelligence PlatformTM to enhance service to its approximately 1.35 million customers.
JALCARD offers credit cards in conjunction with Visa, MasterCard, JCB, and Diners Club. In addition to offering mileage to customers’ Japan Airlines Mileage Bank accounts, JALCARD provides value-added offerings such as shopping, insurance, and travel services. To provide higher quality service to its customers and gain greater insight into its rapidly changing market, JALCARD plans to improve its information systems infrastructure using MicroStrategy.
With its new business intelligence environment, JALCARD will leverage its vast data assets with a timely reporting and analysis system. JALCARD will use MicroStrategy for customer analysis applications such as customer segmentation, and customer behavioral and purchase analysis, which will enable them to enhance current services and offer targeted new services to customers. The primary factors that led to JALCARD’s selection of MicroStrategy were the ability to access all information stored in the data warehouse, an easy-to-use Web interface, and the extensibility of the MicroStrategy platform.
“MicroStrategy is an excellent solution for reporting on and analyzing the large volumes of transactional data generated by credit card issuers,” said MicroStrategy COO, Sanju Bansal. “We are committed to providing a business intelligence architecture that meets the demanding data scalability and web deployability requirements of customers like JALCARD.”
About JALCARD, Incorporated
JALCARD was established in 1984 by Japan Airlines and five affiliate companies. Since then, along with its core credit card service, it has offered a wide variety of services to its approximately 1,350,000 members. Partnered with Japan Airlines Mileage Bank Service, JALCARD allows members to gain Japan Airline Mileage Bank points by using their credit cards, as well as offering value added services such as shopping, travel, and insurance services. Online services from the web have also been enhanced, such that special events and attractive services can be offered to JALCARD members in a timely manner.
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