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MicroStrategy Reports Sixth Consecutive Quarter of Profitability in Q2 2003

Jul 29, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

License Revenues Grow by 31 Percent Over Q2 2002

MCLEAN, Va., (July 29, 2003) –

MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three- month period ended June 30, 2003 (the second quarter of its 2003 fiscal year), reporting its sixth consecutive quarter of GAAP profitability and earnings of $0.15 per share on a diluted basis. Revenues reached their highest level in six quarters. License revenues rose approximately 31 percent from the second quarter of the 2002 fiscal year.

Second quarter 2003 revenues were $43.6 million versus $37.4 million in the first quarter of 2003 and $36.8 million in the second quarter of 2002. Second quarter 2003 license revenues were $19.6 million versus $16.5 million in the first quarter of 2003 and $15.0 million in the second quarter of 2002. Net income attributable to common stockholders for the second quarter of 2003, determined in accordance with Generally Accepted Accounting Principles (GAAP), was $2.3 million or $0.15 per share on a diluted basis. This result included non-cash charges for discount amortization expense on notes payable of $0.9 million, a non-cash loss on the partial extinguishment of notes payable of $0.9 million, and a restructuring charge of $1.7 million.

“Q2 was an excellent quarter for MicroStrategy by any objective measure,” said MicroStrategy President and CFO Eric F. Brown. “Six consecutive profitable quarters, the highest revenue in six quarters, and three consecutive quarters of year-over-year license revenue growth all showcase the dynamism of the company.”

“MicroStrategy has made solid financial and technical progress during the past year,” said MicroStrategy Chairman and CEO Michael J. Saylor. “We believe that the current trend toward consolidation in the BI industry is favorable for us, and that we are well positioned for continued market success.”

Added 139 New Customers

New Customers and New Deals with Existing Customers in Q2 2003 included:

Cardinal Distribution, Carl Warren & Co., Cascade Natural Gas Company, CSK Auto Corporation, eBay, FAO, Inc., FleetBoston Financial Corporation, Garden Ridge, GE Medical Systems, Hannaford Bros. Co., Kohl’s Corporation, Land O’Lakes, Inc., National Institutes of Health, NDCHealth Corporation, National Electric Warranty Corp., Pfizer Global Manufacturing, Raley’s, Reynolds and Reynolds, Rheem Manufacturing, Rite-Hite Corporation, Shaw Industries, Stein Mart, Inc., Telephia, Time Warner Cable, Ukrop’s Super Markets, Inc., Unilever Cosmetics International, U.S. Department of State, U.S. Postal Service, Verispan, LLC, Wells Fargo & Company, The Wet Seal, Inc.

Examples of Noteworthy Customer Deals from Q2 2003:

U.S. Postal Service

The U.S. Postal Service purchased over $5 million of MicroStrategy software licenses, education, and software support services in June 2003. The Postal Service will deploy the MicroStrategy Business Intelligence Platform(TM) enterprise-wide for reporting, analysis and information delivery. Additionally, the Postal Service has acquired options to procure consulting services, education, and software support services over the next five years.

Unilever Cosmetics International

Unilever Cosmetics International, a division of Unilever, has selected the MicroStrategy Business Intelligence Platform to increase internal operational efficiency and employee productivity globally. Approximately 200 employees, including sales, marketing and operations personnel, will perform sales promotion management, sales reporting, and supply chain reporting and analyses against an Oracle(R) data warehouse. The company will utilize the MicroStrategy platform to track and assess business data across several areas to provide end users with greater insight. After an evaluation of user requirements, Unilever Cosmetics International selected the MicroStrategy platform for its functionality, scalability and easy-to-use Web interface.

Shaw Industries

Shaw Industries, the world’s largest manufacturer of carpeting, has selected the MicroStrategy Business Intelligence Platform as its enterprise- wide reporting standard. Approximately 1,000 employees, including sales, marketing and accounting personnel, will perform reporting and analyses of sales and marketing information against a Teradata(R) data warehouse. After an in-depth evaluation of many of the competing products in the industry, Shaw Industries selected the MicroStrategy platform for its scalability and superior analytical capabilities.

O’Reilly Automotive, Inc.

O’Reilly Automotive, Inc., a nationally recognized specialty retailer of automotive aftermarket parts, tools, supplies and equipment, has selected the MicroStrategy Business Intelligence Platform for sales and inventory reporting and analysis. With MicroStrategy, O’Reilly Automotive will have a consolidated, dynamic view of sales and stock information, enabling consistent availability of goods across its 1,011 stores. The company will also be able to more effectively monitor and manage inventory levels in order to improve product sales and profitability. The company chose MicroStrategy’s technology for its ability to consolidate and present valuable corporate performance data in an easy-to-understand format over the Web.

MicroStrategy’s Strategic Partnerships

Signed Agreements with 12 Systems Integrators and OEMs (Original Equipment Manufacturers)

New partners include: ALT Consultores, Altia Consultores S.L., DoubleClick, Intelligence Technologies S.A., Marketing Direct, Inc., S & L Siemonsen GmbH, S3 Store System Solutions srl, Saras America, Inc., Systems Evolution Inc, SYSTIME, Tecnologia de Gerencia Comercial SA (GEMCO), WNF Consulting.

Awards for Applications of MicroStrategy Software and Recognition for MicroStrategy’s Financial Turnaround

In June 2003, MicroStrategy and its customers won noteworthy awards for applications of the MicroStrategy business intelligence platform. MicroStrategy and the State of Tennessee’s Department of Finance and Administration were honored with a DM Review World Class Solution Award for a MicroStrategy application that processes and analyzes millions of Tennessee financial records in an efficient manner. This MicroStrategy application has reduced costs and significantly improved the quality of financial information for decision-making by state officials. The DM Review World Class Solutions Award, a symbol of excellence within the business intelligence and data warehousing industry, originated in 1996.

Also in June, the CIO of MicroStrategy customer Lowe’s Home Improvement Warehouse, Steve Stone, won a 2003 Executive Technology Magazine CIO/IT Leadership & Innovation Award for his business intelligence deployment. Lowe’s has deployed the MicroStrategy business intelligence platform to anchor all of its business intelligence applications. One MicroStrategy application, called DART (Data Access and Reporting Tool), plays a key role in empowering employees to obtain any piece of data critical to lifting sales or improving inventory efficiency.

In early July 2003, MicroStrategy was added to the Russell 3000(R) Index. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98 percent of the investable U.S. equity market. MicroStrategy President and CFO Eric Brown noted that “inclusion in this index will help raise MicroStrategy’s visibility with investors and institutions that rely on the Russell indices as part of their investment strategy.”

Outlook and Financial Guidance Information

The following statements are subject to risks and uncertainties described at the end of this press release. Management guidance for 2003 contained herein is valid as of today only and supersedes any previously announced guidance as to the company’s expectations for financial results for 2003.

In considering management’s guidance for the consolidated continuing operations of MicroStrategy for the quarter ending September 30, 2003 and for the full year 2003, it should be noted that on July 30, 2003 (the “Conversion Date”), MicroStrategy will convert the remaining $53,035,445 in principal amount outstanding of its 71/2% series A unsecured notes (the “Notes”) plus all accrued and unpaid interest into class A common stock. The conversion will result in MicroStrategy issuing an aggregate of approximately 1,656,297 shares of class A common stock (the “Conversion Shares”). On the Conversion Date, the company expects to incur a non-recurring, non-cash charge equal to the difference between the fair market value of the Conversion Shares on the Conversion Date and approximately $39.8 million, the carrying value of the Notes plus accrued and unpaid interest on the Conversion Date. For example, if the fair market value of a Conversion Share on the Conversion Date were equal to $40.86, the closing sale price per share of the class A common stock on July 28, 2003, MicroStrategy would incur a non-recurring, non-cash charge in the third quarter of 2003 of approximately $27.9 million as a result of the conversion. Since the fair market value of a Conversion Share on the Conversion Date may be higher or lower than the $40.86 assumed in the example above, the actual charge attributable to the conversion of the Notes may be higher or lower than the $27.9 million reflected in the above example. The actual charge will impact MicroStrategy’s GAAP net income for the third quarter of 2003 and for the year ended December 31, 2003.

Assuming a charge of $27.9 million attributable to the conversion of the Notes, management offers the following guidance for the consolidated continuing operations of MicroStrategy for the quarter ending September 30, 2003 and for the full year 2003:

Approximate Ranges
(in millions, except for
per share data Full Year 2003
Q3 2003 Range Range

Revenue $36.0 – $39.0 $155.0 – $165.0
Net income (loss) ($26.6)- ($25.0) ($16.7)- ($11.7)

GAAP basic and diluted earnings
(loss) per share ($1.75)- ($1.60) ($1.17)- ($0.77)

GAAP basic and diluted weighted
average shares outstanding 15.2 – 15.7 14.3 – 15.3

Additional Financial Information

Discount amortization expense on
notes payable $0.3 – $0.3 $2.1 – $2.1
Restructuring charge $0.0 – $0.0 $1.7 – $1.7
Loss on conversion of notes payable $27.9 – $27.9 $27.9 – $27.9
Loss on early extinguishment of
notes payable $0.0 – $0.0 $0.8 – $0.8
Amortization of intangible assets $0.0 – $0.0 $0.2 – $0.2
Total $28.2 – $28.2 $32.7 – $32.7

Adjusted diluted weighted average
shares outstanding 16.5 – 16.0 16.0 – 15.0

(Note: The adjusted diluted weighted average sharecount was estimated
by taking the GAAP Basic and Diluted weighted average sharecount and
adding an estimate for employee stock options)

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,000 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at http://www.microstrategy.com .

MicroStrategy, MicroStrategy 7, MicroStrategy Business Intelligence Platform, and MicroStrategy 7i 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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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)
(unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
2003 2002 (1) 2003 2002 (1)
(unaudited) (as adjusted) (unaudited) (as adjusted)

Revenues
Product licenses $19,637 $15,032 $36,166 $29,530
Product support
and other services 23,996 21,798 44,902 42,959
Total revenues 43,633 36,830 81,068 72,489

Cost of Revenues
Product licenses 739 572 1,529 1,093
Product support
and other services 6,419 6,486 12,377 13,126
Total cost
of revenues 7,158 7,058 13,906 14,219

Gross profit 36,475 29,772 67,162 58,270

Operating Expenses
Sales and marketing 14,279 11,411 26,962 23,881
Research and
development 7,798 6,850 14,731 12,201
General and
administrative 7,963 6,812 15,147 13,574
Restructuring and
impairment charges 1,699 1,162 1,699 2,394
Amortization of
intangible assets 18 862 148 1,827
Total operating
expenses 31,757 27,097 58,687 53,877

Income from
operations 4,718 2,675 8,475 4,393

Financing and Other
(Expense) Income
Interest income 281 179 371 409
Interest expense
(note 2) (2,049) (1,659) (4,347) (3,278)
Loss on investments – (205) – (494)
Reduction in
estimated cost
of litigation
settlement – 7,936 – 11,396
Loss on early
extinguishment of
notes payable (858) – (840) –
Gain on contract
termination – 16,837 – 16,837
Other income, net 133 2,169 95 2,053
Total financing
and other
(expense) income (2,493) 25,257 (4,721) 26,923

Income before
income taxes 2,225 27,932 3,754 31,316
(Benefit) provision
for income taxes (71) 420 793 819

Net income 2,296 27,512 2,961 30,497
Dividends on
and accretion
of convertible
preferred stock – (2,566) – (5,123)

Net income
attributable to
common stockholders $2,296 $24,946 $2,961 $25,374

Basic earnings
per share $0.16 $2.43 $0.21 $2.58
Diluted earnings
per share $0.15 $2.41 $0.20 $2.54
Basic weighted
average shares
outstanding 14,088 10,440 13,939 10,140
Diluted weighted
average shares
outstanding 14,940 10,498 14,500 10,303

(1) On July 30, 2002, the Company’s Board of Directors approved a reverse
stock split of the Company’s common stock at a ratio of one-for-ten.
All references to common share and per common share amounts for the
prior periods presented have been retroactively restated to reflect
this reverse split.

(2) Interest expense for the three and six months ended June 30, 2003
includes discount amortization expense on notes payable of $883 and
$1,856, respectively.

MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)

June 30, December 31,
2003 2002
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $34,874 $15,036
Restricted cash 679 6,173
Short-term investments 30 44
Accounts receivable, net 28,956 28,195
Prepaid expenses and other current
assets 4,228 5,032
Deferred tax assets, net 740 495
Total current assets 69,507 54,975

Property and equipment, net 16,884 18,471
Goodwill and intangible assets, net 639 789
Capitalized software development
costs, net 3,490 4,414
Deposits and other assets 1,346 1,224
Deferred tax assets, net 76 –
Total Assets $91,942 $79,873

Liabilities and Stockholders’ Equity
(Deficit)
Current liabilities
Accounts payable and accrued
expenses $15,235 $15,267
Accrued compensation and
employee benefits 12,536 11,352
Accrued interest 231 244
Accrued restructuring costs 4,215 5,222
Deferred revenue and advance
payments 28,215 23,961
Deferred tax liabilities, net 10 –
Notes payable 4,955 4,698
Net liabilities of
discontinued operations 1,011 1,151
Total current liabilities 66,408 61,895

Deferred revenue and advance payments 1,835 1,381
Other long-term liabilities 2,084 2,402
Accrued restructuring costs 3,708 3,663
Notes payable 39,183 45,041

Total Liabilities 113,218 114,382

Stockholders’ equity (deficit):
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;
10,455 and 9,157 shares
issued and outstanding,
respectively 10 9
Class B common stock; $0.001 par
value; 165,000 shares authorized;
3,703 and 4,619 shares
issued and outstanding,
respectively 4 5
Additional paid-in capital 315,000 305,334
Deferred compensation – (17)
Accumulated other comprehensive income 2,759 2,170
Accumulated deficit (339,049) (342,010)
Total Stockholders’ Equity (Deficit) (21,276) (34,509)

Total Liabilities and
Stockholders’ Equity (Deficit) $91,942 $79,873

MICROSTRATEGY INCORPORATED
Computation of basic and diluted earnings (loss) per share
(in thousands, except per share data)
(unaudited)

Three months ended Three months ended
June 30, 2003 June 30, 2002
Per Per
Income Shares Share Income Shares Share
(Numerator)(Denominator)Amount(Numerator)(Denominator)Amount

Net income $2,296 $27,512

Dividends on
and accretion
of convertible
preferred stock – (2,566)

Net income
attributable
to common
stockholders 2,296 24,946

Effect of
common stock:
Weighted average
shares of
class A
common stock – 10,385 – 5,079
Weighted average
shares of
class B
common stock – 3,703 – 4,643
Series A
preferred stock – – 151 428
Series D
preferred stock – – 244 290

Basic earnings
per share 2,296 14,088 $0.16 25,341 10,440 $2.43

Effect of
dilutive
securities:
Employee stock
options – 852 – 58

Diluted earnings
per share $2,296 14,940 $0.15 $25,341 10,498 $2.41

The numerator in the basic and diluted earnings per share calculation for the three months ended June 30, 2002 has been adjusted to add back $395,000 of dividends and accretion on the series A and D preferred stock that would have been excluded from net income attributable to common stockholders assuming conversion at the beginning of the period under the if-converted method.

The diluted earnings per share calculation for the three months ended June 30, 2002 excluded the series B and C preferred stock, which were convertible into 265,000 and 159,000 weighted average shares of class A common stock, respectively, because their effect would have been anti-dilutive.

MICROSTRATEGY INCORPORATED
Computation of basic and diluted earnings (loss) per share
(in thousands, except per share data)
(unaudited)

Six months ended Six months ended
June 30, 2003 June 30, 2002
Per Per
Income Shares Share Income Shares Share
(Numerator)(Denominator)Amount(Numerator)(Denominator)Amount

Net income $2,961 $30,497

Dividends on
and accretion
of convertible
preferred stock – (5,123)

Net income
attributable
to common
stockholders 2,961 25,374

Effect of
common stock:
Weighted average
shares of
class A
common stock – 10,236 – 4,887
Weighted average
shares of
class B
common stock – 3,703 – 4,643
Series A
preferred stock – – 327 320
Series D
preferred stock – – 474 290

Basic earnings
per share 2,961 13,939 $0.21 26,175 10,140 $2.58

Effect of
dilutive
securities:
Employee stock
options – 561 – 163

Diluted earnings
per share $2,961 14,500 $0.20 $26,175 10,303 $2.54

The numerator in the basic and diluted earnings per share calculation for the six months ended June 30, 2002 has been adjusted to add back $801,000 of dividends and accretion on the series A and D preferred stock that would have been excluded from net income attribuable to common stockholders assuming conversion at the beginning of the period under the if-converted method.

The diluted earnings per share calculation for the six months ended June 30, 2002 excluded the series B and C preferred stock, which were convertible into 265,000 and 159,000 weighted average shares of class A common stock, respectively, because their effect would have been anti-dilutive.

MICROSTRATEGY INCORPORATED
Additional Financial Information

Net Income and Additional
Financial Information
(in thousands)
(unaudited) Three Months Ended Six Months Ended
June 30, June 30,
2003 2002 2003 2002

Net income $2,296 $27,512 $2,961 $30,497

Additional Financial Information
Restructuring and impairment charges 1,699 1,162 1,699 2,394
Amortization of intangible assets 18 862 148 1,827
Loss on investments – 205 – 494
Reduction in estimated cost of
litigation settlement – (7,936) – (11,396)
Loss on early extinguishments
of notes payable 858 – 840 –
Gain on contract termination – (16,837) – (16,837)
Discount amortization expense on
notes payable 883 – 1,856 –
Other non-recurring items – (65) – (284)
Total $3,458 $(22,609) $4,543 $(23,802)

Additional Financial Information –
Cash vs. Non-cash
(in thousands)
(unaudited) Three Months Ended Six Months Ended
June 30, June 30,
2003 2002 2003 2002

Non-cash:
Amortization of intangible assets $18 $862 $148 $1,827
Loss on investments – 205 – 494
Reduction in estimated cost of
litigation settlement – (7,936) – (11,396)
Loss on early extinguishments
of notes payable 858 – 840 –
Gain on contract termination – (16,837) – (16,837)
Discount amortization expense on
notes payable 883 – 1,856 –
Other non-recurring items – (65) – (78)
Total non-cash 1,759 (23,771) 2,844 (25,990)

Cash:
Restructuring and impairment charges 1,699 1,162 1,699 2,394
Other non-recurring items – – – (206)
Total cash 1,699 1,162 1,699 2,188

Total $3,458 $(22,609) $4,543 $(23,802)

MICROSTRATEGY INCORPORATED
Non-Generally Accepted Accounting Principles (“Non-GAAP”)
Financial Measures

Management believes that the presentation of the additional financial information is helpful in understanding the ongoing operating results and cash flow indicators with respect to the Company’s core business because the additional financial items are non-cash or cash related gains and expenses incurred during the period that are not associated with ongoing operating results and are not cash flow indicators of the Company’s core business operations.

EBITDA and Additional
Financial Information
(in thousands)
(unaudited) Three Months Ended Six Months Ended
June 30, June 30,
2003 2002 2003 2002

Net income attributable
to common stockholders $2,296 $24,946 $2,961 $25,374

Interest income (281) (179) (371) (409)
Interest expense 2,049 1,659 4,347 3,278
(Benefit) provision for
income taxes (71) 420 793 819
Depreciation and amortization 2,247 2,559 4,594 5,087
Amortization of intangible assets 18 862 148 1,827

EBITDA $6,258 $30,267 $12,472 $35,976

Additional Financial Information:
Restructuring and
impairment charges 1,699 1,162 1,699 2,394
Loss on investments – 205 – 494
Reduction in estimated cost of
litigation settlement – (7,936) – (11,396)
Loss on early extinguishment of
notes payable 858 – 840 –
Gain on contract termination – (16,837) – (16,837)
Other income (133) (2,169) (95) (2,053)
Dividends on and accretion of
convertible preferred stock – 2,566 – 5,123

Total $2,424 $(23,009) $2,444 $(22,275)

SOURCE MicroStrategy Incorporated

CONTACT: Marc Brailov of MicroStrategy Incorporated, +1-703-770-1670,
cell: +1-703-407-9884, or mbrailov@microstrategy.com
Web site: http://www.microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Global Telecommunications Company Telef

Jul 28, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Nearly 2,000 Knowledge Workers Utilize Information

McLean, Va., (July 28, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its customer Telefónica S.A. (NYSE and Madrid Exchange: TEF) has licensed the MicroStrategy Business Intelligence Platform(TM) to expand the reach of its enterprise business intelligence applications. Telefónica is the leading telecommunications operator in the Spanish and Portuguese speaking world and the second-largest European operator in terms of stock market capitalization.

“Our MicroStrategy system is a valuable component of our business, as the technology enables our employees to review and analyze information to make better business decisions,” said Luis Morán Abad, manager of technology architecture and information systems at Telefónica. “By adopting MicroStrategy technology across the enterprise, we have seen the speed by which decisions are made and productivity levels increase. MicroStrategy’s intuitive Web interface lets users analyze and share corporate data with ease, and satisfies the business requirements of our widespread end-user community.”

Telefónica has deployed a number of business intelligence applications across the enterprise, including applications for sales analysis, financial analysis, purchase reporting, audit reporting and marketing campaign analysis. Approximately 2,000 users access Oracle® and SQL Server® data warehouses, and rely on MicroStrategy to access information and to share insight with other employees globally via the Web.

“We’re proud to count Telefónica, a global leader in telecommunications, as a MicroStrategy customer,” said MicroStrategy COO Sanju K. Bansal. “MicroStrategy is equipping telecommunications service providers with the technology to recognize new revenue streams, streamline operations, and deliver value-added customer experiences. MicroStrategy’s sophisticated capabilities are well suited for our telecommunications customers, including Telefónica, whose business requirements depend on a scalable, integrated and Web-based infrastructure for mission- critical reporting and analysis.”

About Telefónica, S.A.

Telefónica S.A. is the leading telecommunications operator in the Spanish and Portuguese speaking world and the second-largest European operator in terms of stock market capitalization. Telefónica provides a complete range of communications services which includes fixed telephony, mobile telephony, data transmission and added-value services, business services, internet access, directories, CRM services and content. Telefónica has over 90 million customers. Its main markets comprise 16 countries (Brazil, Mexico, Argentina, Peru, Chile, El Salvador, Guatemala, USA/Puerto Rico, Colombia, Venezuela, Germany, Italy, Switzerland, united Kingdom and Marocco), although it is present in almost 50. At the end of December 2002, Telefónica had over 157,000 employees, half of them in Latin America. Considering 2001 full year, Telefónica’s turnover reached 31,052.6 million of euros and a net profit of 2,106.8 million euros.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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 is a registered trademark 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Sterling Commerce Selects MicroStrategy for Customer Relationship Reporting and Analysis

Jul 24, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Sterling Commerce has selected the MicroStrategy Business Intelligence Platformâ?¢ as its web-enabled, query and reporting standard to host customer support reporting app

McLean, Va., (July 24, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Sterling Commerce has selected the MicroStrategy Business Intelligence Platform(TM) as its web-enabled, query and reporting standard to host customer support reporting applications. Sterling Commerce, a wholly owned subsidiary of SBC Communications Inc. (NYSE:SBC) is one of the world’s largest providers of business integration solutions. Four out of five Fortune 500 companies depend on Sterling Commerce to facilitate, manage and support the electronic exchange of information within a business, as well as within its diverse community.

With the new MicroStrategy-based applications, Sterling Commerce’s Customer Support Department will be able to access a wide range of reports and investigative data patterns using the full range of ad-hoc query, reporting, and statistical analyses.

“At Sterling Commerce, our unwavering commitment to quality customer service is reflected in everything we do,” said Greg Dietz, vice president of customer support, Sterling Commerce. “We chose MicroStrategy because of its powerful analytics, its flexible reporting options, ease-of-use and easy-to-deploy, scalable Web-user interface. MicroStrategy will enable us to better analyze and track our customer service data to ensure that the highest possible service and performance is achieved.”

“MicroStrategy’s capacity to glean valuable insight from vast amounts of data will enable Sterling Commerce to better understand its customers’ needs and preferences and help it provide the highest quality of customer service,” said MicroStrategy’s COO Sanju Bansal. “We’re proud that Sterling Commerce will harness our platform to better serve their growing number of industry-leading customers.”

About Sterling Commerce

Sterling Commerce, a wholly owned subsidiary of SBC Communications Inc. (NYSE:SBC), is one of the world’s largest providers of business integration solutions. For Global 5000 companies and their customers, suppliers and partners, Sterling Commerce software and services help maximize business performance and improve business metrics through integration of applications, external partner systems and people. With more than 25 years of experience serving more than 30,000 customers in a vast range of industries, Sterling Commerce is a recognized pioneer in electronic commerce through its longstanding expertise in EDI. Today, as customers explore new ways to improve business performance via the Internet, Sterling Commerce continues to innovate its software and services to further the global adoption of e-commerce while offering its customers strategic solutions that leverage existing technology. For more information, visit www.sterlingcommerce.com.

SBC Communications Inc. (www.sbc.com) is one of the world’s leading data, voice and Internet services providers. Through its world-class networks, SBC companies provide a full range of voice, data, networking and e-business services, as well as directory advertising and publishing. A Fortune 30 company, America’s leading provider of high-speed DSL Internet Access services, and one of the nation’s leading Internet Service Providers, SBC companies currently serve 58 million access lines nationwide. In addition, SBC companies own 60 percent of America’s second-largest wireless company, Cingular Wireless, which serves more than 22 million wireless customers. Internationally, SBC companies have telecommunications investments in 25 countries.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

National Retailer O’Reilly Automotive Selects MicroStrategy for Reporting, Analysis and Information Delivery

Jul 16, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Oâ??Reilly Automotive, Inc. (NASDAQ: ORLY) has selected the MicroStrategy Business Intelligence Platformâ?¢ for sales and inventory reporting and analysis.

McLean, Va., (July 16, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that O’Reilly Automotive, Inc. (NASDAQ: ORLY) has selected the MicroStrategy Business Intelligence Platform(TM) for sales and inventory reporting and analysis. O’Reilly Automotive is a nationally recognized specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories to do-it-yourself customers, professional mechanics and service technicians.

“The retail industry is very competitive, and understanding and acting on corporate data are invaluable to staying ahead of the competition,” said Greg Henslee, president of O’Reilly Automotive, Inc. “We chose MicroStrategy’s industrial-strength business intelligence technology for its ability to consolidate and present valuable corporate performance data in an easy-to-understand format, over the Web. MicroStrategy will improve our ability to track sales, merchandising and inventory metrics. As a result, we’ll be better able to identify revenue enhancement and cost reduction opportunities.”

With MicroStrategy’s platform, O’Reilly Automotive will have a consolidated, dynamic view of sales and stock information, enabling consistent availability of goods across its 1,011 stores. The company will also be able to more effectively monitor and manage inventory levels in order to improve product sales and profitability.

“We welcome O’Reilly as the latest retailer to use MicroStrategy to improve its merchandising operations,” said MicroStrategy’s COO Sanju K. Bansal. “Approximately 130 of the top 200 global retailers have standardized on MicroStrategy, and we are increasingly recognized as having the preferred business intelligence platform to meet the demanding needs of the retail sector.”

About O’Reilly Automotive, Inc.

O’Reilly Automotive is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional installer markets. Founded in 1957 by the O’Reilly family, the Company operates 1,011 stores within the states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, Tennessee and Texas as of March 31, 2003.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Named to Russell 3000

Jul 11, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that MicroStrategy has been added to the widely respected Russell 3000Â® Index. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on to

McLean, Va., (July 11, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that MicroStrategy has been added to the widely respected Russell 3000® Index. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98 percent of the investable U.S. equity market.

“We’re very proud to be added to the Russell 3000 index,” said MicroStrategy President and CFO Eric Brown. “Inclusion in this index will help raise MicroStrategy’s visibility with investors and institutions that rely on the Russell indices as part of their investment strategy. Our inclusion in this index reflects another milestone as we continue to execute on our strategy of delivering solid operating and financial performance.”

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Signs $5 Million Deal with U.S. Postal Service

Jul 07, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

In a landmark new deal involving an initial order just over $5 million, MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading provider of business intelligence software, today announced that the U.S. Postal Service will deploy the MicroStrategy Business Intelligence Platformâ?¢ enterprise-wide for

McLEAN, Va., (July 07, 2003) –

In a landmark new deal involving an initial order just over $5 million, MicroStrategy® Incorporated (NASDAQ: MSTR), a leading provider of business intelligence software, today announced that the U.S. Postal Service will deploy the MicroStrategy Business Intelligence Platform(TM) enterprise-wide for reporting, analysis and information delivery.

“The Postal Service is investing in business intelligence to improve the service we provide our customers as well as the efficiency of our operations,” said Robert Otto, Chief Technology Officer for the Postal Service. “This platform will eventually be used by up to 30,000 employees to enhance efficiencies in areas that include retail, financial, and network operations, transportation logistics, and supply-chain management.”

The Postal Service purchased over $5 million of MicroStrategy software licenses, education, and software support services in June 2003. Additionally, the Postal Service has acquired options to procure consulting services, education, and software support services over the next 5 years.

“We’re proud to work with an organization as prestigious as the Postal Service,” said MicroStrategy’s COO Sanju Bansal. “It’s MicroStrategy’s experience that large companies such as the Postal Service have found that business intelligence, when deployed on an enterprise scale, can have a remarkable impact on operational efficiency.”

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Dick’s Sporting Goods Chooses MicroStrategy as its Enterprise Reporting Standard

Jul 01, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Dickâ??s Sporting Goods, Inc. (NYSE: DKS) has chosen MicroStrategy Business Intelligence Platformâ?¢ as its enterprise reporting standard. Dickâ??s Sporting Goods is an a

McLean, Va., (July 01, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Dick’s Sporting Goods, Inc. (NYSE: DKS) has chosen MicroStrategy Business Intelligence Platform(TM) as its enterprise reporting standard. Dick’s Sporting Goods is an authentic sporting goods retailer that offers a broad selection of high-quality, competitively-priced brand name sporting goods equipment, apparel and footwear.

After reviewing reporting solutions from among the many available business intelligence products, Dick’s chose MicroStrategy to replace their Cognos installation.

Dick’s Sporting Goods employees, including store managers, merchandising analysts, and senior management, will use MicroStrategy software to analyze an 800-gigabyte Oracle® data warehouse. End users will be able to perform sales, category and inventory management analyses in order to more effectively track product sales, product mix and inventory levels.

“Dick’s Sporting Goods’ commitment to MicroStrategy is further proof of the importance of business intelligence to large corporations today,” said MicroStrategy’s COO Sanju K. Bansal. “Leading retailers like Dick’s Sporting Goods are choosing MicroStrategy’s industrial-strength platform to gain visibility into their operations and make revenue-generating decisions that please management, shareholders, and most importantly, a discerning customer base.”

About Dick’s Sporting Goods, Inc.

Pittsburgh-based Dick’s Sporting Goods is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. As of May 22, 2003, Dick’s Sporting Goods operated 149 stores in 26 states throughout the Eastern half of the U.S. For more information, visit www.dickssportinggoods.com.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Deloitte & Touche in Spain Selects MicroStrategy to Deploy Enterprise-Wide Corporate Performance Management Application

Jun 26, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Deloitte & Touche in Spain has purchased additional licenses of the MicroStrategy Business Intelligence Platformâ?¢ to deploy a mission-critical corporate performance man

McLean, Va. (June 26, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Deloitte & Touche in Spain has purchased additional licenses of the MicroStrategy Business Intelligence Platform(TM) to deploy a mission-critical corporate performance management application across its enterprise. Deloitte & Touche in Spain is a member firm of Deloitte Touche Tohmatsu, one of the world’s leading professional services organizations.

“MicroStrategy is one of the leaders in the business intelligence market, and an important component of our services and products portfolio,” said Joaquín Aspiroz, Partner in Management Solutions at Deloitte & Touche in Spain. “Over the years, Deloitte & Touche in Spain has implemented MicroStrategy-based systems at many leading companies. This new deal with MicroStrategy will expand the reach of our corporate performance reporting system, which we view as one of our most important, internal reporting projects.”

The enterprise-wide reporting application will enable approximately 800 partners, managers and other professionals to perform corporate performance management analyses and run reports against a SQL Server data warehouse. Users will be able to more effectively track valuable business information, such as time distribution reports, net fees, job inventory, backlog, accounts receivable, profit and loss items, and service line and industry line reports.

“We value our relationship with Deloitte & Touche in Spain,” said MicroStrategy’s COO Sanju Bansal. “MicroStrategy’s sophisticated capabilities — proven scalability to thousands of users and to terabytes of data, ease-of-use, exceptional analytical flexibility and industrial-strength reliability — make it an ideal business intelligence platform for Deloitte & Touche’s internal reporting initiatives as well as for the complex business requirements of Deloitte & Touche customers.”

About Deloitte & Touche in Spain

Deloitte & Touche in Spain is a member firm of Deloitte Touche Tohmatsu, one of the world’s leading professional services organizations. The member firms of Deloitte Touche Tohmatsu deliver world-class assurance and advisory, tax, and consulting services. With more than 119,000 people in more than 140 countries, the member firms serve over one-half of the world’s largest companies, as well as large national enterprises, public institutions, and successful, fast-growing global growth companies. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit: www.deloittetouche.com.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

Leading Analyst Firm Updates MicroStrategy Vendor Rating

Jun 23, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Gartner has updated its MicroStrategy Vendor Rating.

MCLEAN, Va., (June 23, 2003) –

MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that Gartner has updated its MicroStrategy Vendor Rating.

“Gartner has established the vision and direction for the business intelligence platform market, and MicroStrategy is a leading provider of industrial-strength business intelligence technology,” said Sanju Bansal, COO of MicroStrategy. “Companies are increasingly turning to MicroStrategy when they’re ready to deploy their business intelligence applications on an enterprise scale.”

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

MicroStrategy Customer Lowe’s Home Improvement Warehouse Wins 2003 Executive Technology Magazine Award

Jun 20, 2003 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

MicroStrategyÂ® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the CIO of MicroStrategy customer Loweâ??s Home Improvement Warehouse, Steve Stone, has won a 2003 Executive Technology Magazine CIO/IT Leadership & Innovation Award for

McLean, Va., (June 20, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the CIO of MicroStrategy customer Lowe’s Home Improvement Warehouse, Steve Stone, has won a 2003 Executive Technology Magazine CIO/IT Leadership & Innovation Award for his business intelligence deployment. The Executive Technology Magazine Award pinpointed thirteen exemplary chief information officers, chief technology officers and vice presidents of IT whose pioneering spirit and cutting-edge ideas deserve special recognition.

Lowe’s has deployed MicroStrategy’s Business Intelligence Platform(TM) to anchor all of its business intelligence applications. One MicroStrategy application, called DART (Data Access and Reporting Tool), plays a key role in empowering employees to obtain any piece of data critical to lifting sales or improving inventory efficiency. Over the last twelve months, Lowe’s has grown its business-intelligence user base by 100 percent.

“With MicroStrategy technology, our employees are able to understand what is going on at any given store location across the country helping us to realize significant benefits through improved merchandising decisions, more timely responses to information requests, cost-reductions efforts, and enhanced employee productivity,” said Mr. Stone. “This solution has allowed for us to develop a new set of Web-based applications that will further our success.”

“We congratulate Lowe’s Steve Stone for winning the prestigious Executive Technology award,” said MicroStrategy’s COO Sanju Bansal. “We’re very proud to be his business intelligence vendor of choice, and we look forward to continuing to provide Lowe’s with a scalable and flexible platform that provides valuable, strategic insight.”

Executive Technology provides top-level retail executives with the strategic information required to make the right decisions in leveraging technology solutions in all areas of the business.

About Lowe’s

With fiscal year 2002 sales of $26.5 billion, Lowe’s Companies, Inc. is a FORTUNE 100 company that serves approximately nine million customers a week at more than 875 home improvement stores in 45 states. In 2003, FORTUNE named Lowe’s America’s Most Admired Specialty Retailer. Based in Wilkesboro, N.C., the 57-year old company is the second-largest home improvement retailer in the world.

About MicroStrategy Incorporated

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 Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i 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.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy

Tags: MicroStrategy

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