Latest Business Intelligence News
MicroStrategy Sustains Profitability in Q3 2002
Marks Third Consecutive Quarter of GAAP Profitability; Fourth Consecutive Quarter of Pro Forma Profitability
MCLEAN, Va., (October 24, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three-month period ended September 30, 2002 (the third quarter of its 2002 fiscal year), reporting both GAAP and pro forma profitability. This marked MicroStrategy’s third consecutive quarter of GAAP profitability and its fourth consecutive quarter of pro forma profitability.
Third quarter 2002 revenues were $33.4 million versus $36.8 million in the second quarter of 2002 and $41.4 million in the third quarter of 2001. Net income attributable to common stockholders for the third quarter of 2002, determined in accordance with Generally Accepted Accounting Principles (GAAP), was $37.4 million, or $0.18 per share on a diluted basis. Pro forma net income for the third quarter of 2002 was $1.0 million, or $0.08 per share on a diluted basis. Pro forma net income excludes restructuring and impairment charges, amortization of goodwill and intangible assets, loss on investments, amortization of the discount on notes payable, gains totaling $40.8 million attributable to the refinancing of MicroStrategy’s series B, C, and D preferred stock and the partial extinguishment of notes payable, and other non-recurring items. A reconciliation of GAAP to pro forma earnings is included in the attached financial exhibits.
“We’re pleased to report that we have once again achieved profitability, particularly during the challenging summer quarter,” said MicroStrategy President and CFO Eric Brown. “We also made significant improvements to our balance sheet through a preferred stock refinancing and maintained positive operating cash flow. We also generated $5.3 million in pro forma EBITDA for the third quarter and $19.0 million for the three quarters completed to date.”
“MicroStrategy has made remarkable progress strengthening itself financially during the last two years,” said MicroStrategy Chairman and CEO Michael J. Saylor. “We’re confident about our future and are expanding our sales force. We’re building on our technological leadership by enhancing our award-winning business intelligence platform with the latest release of MicroStrategy 7i, which has new features for financial reporting. Our impressive roster of customer deals this quarter demonstrates that we continue to win major business with leading companies and organizations worldwide.”
Highlights from Q3 2002
Signed Agreements with 21 Systems Integrators and OEMs (Original Equipment Manufacturers)
New partners include: Angoss Software Corporation, Asquare Global, LLC, AutomationOne, Inc., Born Information Services, Diversified Systems, Inc., e-Bank, LLC, General Technology, Inc., Honovi Solutions Inc., QuantiSense, Inc., Solution Builders, StrategyEdu, LLC and Weingartner Consulting.
Added 110 New Customers
New Customers and New Deals with Existing Customers in Q3 2002 Included: AdvancePCS, AmerisourceBergen, Alticor, Bull Moose Tube Company, Centers for Medicare and Medicaid Services, Cole National Corporation, Deutsche Lufthansa AG, El Corte Inglés, Federal Highway Administration, Garden Ridge, Interacciona, Katz Group, KeyBank, Liz Claiborne, Mixx Ltd., Nationwide Insurance, Pfizer, PPL Corporation, Prescription Solutions, RxWEST, Scottish Widows, Serpro, Siemens Business Services, Solucient, Thomas Cook AG, United States Department of Education, United States Postal Service, Universal Music Group, Verizon, Yamanouchi, Inc. and Zomax Incorporated.
Examples of Noteworthy Customer Deals from Q3 2002:
Liz Claiborne Inc.
Liz Claiborne Inc., a leading marketer and designer of apparel and accessories for women and men, purchased MicroStrategy software and services in the third quarter of 2002 to extend its business intelligence capabilities to over 200 employees within its wholesale division. With MicroStrategy technology, company employees will have the ability to dynamically examine retail sales information pertaining to product and classification performance, SKU level analysis, account/store performance and geographic analysis. This application will allow Liz Claiborne to refine future product lines, product assortments and retail account forecasts, and thereby improve customer intimacy.
AdvancePCS
In the third quarter of 2002, AdvancePCS, the nation’s largest provider of health improvement services, expanded its agreement with MicroStrategy for products and services that will enhance extranet applications for clients. AdvancePCS serves more than 75 million health plan members (approximately 1 in 4 Americans), links to nearly 60,000 pharmacies and manages $28 billion annually in health care expenditures.
Cole National Corporation
Cole National Corporation, a leading retailer of optical services with over 1,700 locations throughout North America and the Caribbean, purchased MicroStrategy software and services in the third quarter of 2002 to extend its business intelligence applications across the corporation. The application will enable the merchandising, finance, and field employees to perform detailed sales analysis over the web.
Solucient
Solucient, a leading provider of data-intensive, Internet-based tools in the health care field, licensed MicroStrategy software in 2002 to update and enhance Solucient’s suite of marketing and planning products. MicroStrategy enabled Solucient to meet both the product’s functional requirements and its very aggressive time-to-market objectives. Moreover, MicroStrategy was able to manage extremely large data sets — terabytes — which are characteristic of Solucient applications. The Company also provided strong analytic capabilities and a sophisticated web development API which allowed it to be integrated with other applications.
Serpro
Serpro, Brazil’s Federal Government IT Agency, renewed its commitment with MicroStrategy by purchasing additional software and services in the third quarter of 2002 in order to better service its customers. With MicroStrategy’s Web-based platform, Serpro’s customers (federal government organizations), with more than 800 end users, are able to access its several data warehouses with ease, and use the MicroStrategy platform to support decision-making at various strategic, tactical and operational levels within the organization. With MicroStrategy technology, Serpro expects to increase productivity, improve customer service and reduce costs.
Verizon
In the third quarter of 2002, Verizon purchased additional licenses from MicroStrategy to expand the reach of its MicroStrategy-based business intelligence application. End users of Verizon’s Network Metrics Portal will use MicroStrategy technology to analyze the information contained in its data warehouse in order to make better business decisions. Verizon Communications is one of the world’s leading providers of communications services.
MicroStrategy Further Expands the Capabilities of its Industrial-Strength Business Intelligence Platform
Earlier this year, MicroStrategy released its new, significantly enhanced version of its business intelligence software platform, MicroStrategy 7i. Winning high praise from customers and leading industry analysts alike, MicroStrategy 7i represents a technological breakthrough for the industry as it is the first truly integrated, 100-percent Web-based platform that puts a wide range of user functionality into a single business intelligence technology.
In the third quarter, MicroStrategy further expanded the capabilities of its business intelligence platform with the latest release of MicroStrategy 7i (7.2.1). Addressing the urgent industry need for transparent financial tracking and reporting, this latest release is designed specifically to meet the demanding new requirements for financial reporting and analysis imposed on business by new government mandates with highly sophisticated, yet easy-to-use features. These new features allow fast deployment of Web-based financial reporting systems — companies can deploy an operational system within 90-120 days rather than the usual 6-12 months. While other accounting systems provide only rudimentary reporting functionality, lack analytic breadth, and cannot provide interactive data analysis to a wide population of users, MicroStrategy 7i can drill down to the full depths of transactional data and perform automated fraud and anomaly detection.
MicroStrategy 7i can report on data contained in SAP, Oracle, J.D. Edwards, PeopleSoft, and Baan financial systems, as well as data in custom-developed financial applications, providing greater transparency without expensive modifications to these installed financial applications.
Finance Commentary
As previously announced, on August 6, 2002, the Company closed a refinancing transaction with all the holders of its Series B, Series C, and Series D preferred stock. This refinancing resulted in the elimination of approximately $13 million in preferred stock dividends that would otherwise have been due over the next 2 years. The refinancing resulted in a $36.1 million GAAP gain in Q3 2002; this gain has been excluded from the Q3 2002 pro forma results. As of October 24, 2002, all $21.0 million stated value of the Series F preferred stock issued in connection with this refinancing transaction has been converted into an aggregate of 1,397,174 shares of common stock.
On July 30, 2002, the Company effected a one-for-ten reverse stock split of its Class A Common Stock and Class B Common Stock. All references to shares and per share amounts are stated on a post-split basis.
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 2002 supersedes any previously announced guidance as to the Company’s expectations for financial results for 2002.
Management offers the following guidance for the consolidated continuing operations of MicroStrategy, for the quarter ending December 31, 2002:
Revenue is expected to be in the range of approximately $35 to $39 million. Pro forma results of operations, excluding special items, are expected to range from breakeven to a profit of $2 million. Pro forma earnings per share, excluding special items and assuming a diluted weighted average share count, is expected to range from approximately breakeven to $0.15 per share. Average share count in the quarter using the diluted weighted average share count method is expected to be 13 to 14 million.
Management offers the following guidance for the full year 2003, which supersedes any previously announced guidance as to the Company’s expectations for financial results for 2003:
Consolidated revenue is expected to be in the range of $150 to $160 million. License revenue for 2003 is expected to increase by approximately 15% versus 2002. Pro forma results of operations, excluding special items, are expected to be a profit in the range of $15 to $20 million. Pro forma earnings per share, excluding special items and assuming a diluted weighted average share count of 14 to 15 million shares, is expected to range from approximately $1.00 to $1.40 per share. The Company expects to be profitable, on a pro forma basis, in each quarter of 2003. The Company also expects to have positive operating cash flow in each quarter of 2003.
To view the Consolidated Statement of Operations, Balance Sheets and other charts please visit: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=mstr&script=410&layout=-6&item_id=349183.
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the Company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
CompAir Deploys MicroStrategy for Strategic Sourcing Analysis
Selects MicroStrategy Over Brio, Business Objects and Cognos
McLEAN, Va., (October 23, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that CompAir, one of the world’s leading manufacturers of compressed air and gas systems, has successfully deployed the MicroStrategy Business Intelligence Platform(TM) in only four weeks. CompAir, with manufacturing facilities in North America, the United Kingdom, Continental Europe and China, selected MicroStrategy over Brio, Business Objects and Cognos in June of 2002 as the easiest business intelligence platform to customize, integrate and deploy for its rigorous strategic sourcing analysis.
Today, the strategic sourcing team at CompAir analyzes real-time, enterprise-wide information contained in an Oracle data warehouse. End users are able to easily run reports online and perform standard and ad hoc analyses aimed at reducing material costs associated with CompAir’s business.
“The single largest cost to our business is supplier expenditures,” said Mark Simmons, vice president of sourcing at CompAir. “With our MicroStrategy application, our strategic sourcing team is able to analyze supplier, commercial and technical information. The analyses drive a wide range of benefits such as supplier and component rationalization, thereby reducing direct material and other indirect costs by 10-15 percent. We’re taking advantage of the platform’s powerful analytics, tremendous reporting capabilities and user-friendly interface to help us to make better cost-cutting decisions.”
The supplier management application will also provide CompAir and third parties with online access to scorecards that post relevant supplier performance and CompAir order information. CompAir is now exploring the expansion of its MicroStrategy platform to other areas of the business, including sales order and operations management.
About CompAir
CompAir is one of the world’s leading manufacturers of compressed air and gas systems. The company has manufacturing facilities in the UK, Continental Europe, North America and China, with sales and service outlets in more than 95 countries worldwide.
CompAir’s compressors, equipment and services are in use across the globe, providing economic, clean, quality and reliable compressed air and gas for virtually every compressed air application from general industry, offshore, oil-free, construction, high pressure marine to gas compression. Its product ranges include rotary screw, oil-free, vane, piston and portable compressors, plus ancillary downstream products and services.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy
Global Healthcare Products Distributor Henry Schein Tracks Sales/Marketing Trends With MicroStrategy Software
MicroStrategy Selected Over Business Objects and Cognos
McLean, Va., (October 14, 2002) –
MicroStrategy® Incorporated (Nasdaq: MSTR – News), a leading worldwide provider of business intelligence software, today announced that Henry Schein, Inc. (Nasdaq: HSIC – News), the largest distributor of healthcare products and services to office-based practitioners in the combined North American and European markets, is using the MicroStrategy Business Intelligence Platform(TM) to gain better insight into its sales and marketing operations. With the technology, Melville, NY- based Henry Schein is able to track sales of its more than 80,000 products and analyze buying trends across its customer base.
“MicroStrategy is the platform upon which the entire company is accessing product, customer and sales information,” said Darryl Kelley, director of MIS at Henry Schein, Inc. “The crux of our business is our customers and our products, and MicroStrategy enables Henry Schein to track sales over time for all of our medical, dental and veterinary products. We selected MicroStrategy for its platform’s superior analytics, flexibility and impressive information delivery capabilities. Thus far, we have received excellent feedback from our end user community.”
Currently, Henry Schein employees are able to perform sales and marketing analyses against a centralized IBM® DB2® data warehouse. End users can, for example, track the performance of a prior sales promotion or analyze the buying trends of a particular product on a given day, to determine who is buying what items and at what times. In the future, the company expects to continue to expand the reach of its MicroStrategy-based system to include other areas of the business.
About Henry Schein, Inc.
Henry Schein Inc. is the largest distributor of healthcare products and services to office-based healthcare practitioners in the combined North American and European markets. Recognized for its excellent customer service and low prices, Henry Schein serves more than 400,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions.
Headquartered in Melville, New York, Henry Schein employs over 6,700 people in 16 countries. The Company’s 2001 sales reached a record $2.6 billion. For more information, visit the Henry Schein Web site at http://www.henryschein.com.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
MicroStrategy to Announce Third Quarter 2002 Financial Results
MicroStrategy (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, will announce its financial results for the third quarter of 2002 and hold a conference call, which will include managementâ??s comments followed by a question-and-answer period.
USA (October 11, 2002) –
WHAT: MicroStrategy (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, will announce its financial results for the third quarter of 2002 and hold a conference call, which will include management’s comments followed by a question-and-answer period.
WHEN: Thursday, October 24, 2002 Results will be announced at approximately 4:30 PM EST; a conference call will follow at 5:30 PM EST
WHO: Scheduled MicroStrategy speakers on the conference call:
* Michael Saylor, Chairman and Chief Executive Officer
* Sanju Bansal, Vice Chairman and Chief Operating Officer
* Eric Brown, President and Chief Financial Officer
HOW: Domestically, dial 877-597-9704 and mention Michael Saylor as the chairperson prior to 5:30 p.m. EST, or for 48-hour playback access, dial 800-642-1687 and enter the conference ID 6087068. Internationally, dial 706-634-6550 and mention Michael Saylor as the chairperson prior to 5:30 p.m. EST, or for 48-hour playback, dial 706-645-9291 and enter the conference ID 6087068. For a live Webcast or replay of the call, visit — http://www.microstrategy.com/investor or http://www.streetevents.com for StreetEvents subscribers.
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
Liquor Control Board of Ontario Strengthens Supply Chain with MicroStrategy Business Intelligence
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its customer, the Liquor Control Board of Ontario (LCBO) is successfully providing its end users with insight into supply chain operations through the MicroStrategy Busin
McLean, Va., (October 08, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its customer, the Liquor Control Board of Ontario (LCBO) is successfully providing its end users with insight into supply chain operations through the MicroStrategy Business Intelligence Platform(TM). The LCBO is the largest single purchaser of beverage alcohol in the world, purchasing fine wines, spirits and beer from more than 60 countries for Ontario consumers and licensees. Through its integrated distribution and retail network, over 6,500 quality products are available in some 600 LCBO retail stores across Ontario.
“We distribute critical purchase order reports to our internal clients and supplier agents,” said Tom Stanley, director of IT at LCBO. “This enables them to follow the flow of any given product from the supplier to the warehouse. MicroStrategy is the organization-wide business intelligence standard at LCBO that enables our end users to make more effective decisions that reduce costs and excess inventory levels.”
A wide range of LCBO staff, including category managers, inventory managers and financial analysts, use MicroStrategy to help analyze daily sales transactions, inventory, financial and shipment data. With MicroStrategy software, LCBO distributes purchase order reports – containing information on the status and expected arrival of outstanding or shipped products — to key staff as well as agents. The LCBO and agents are also able to follow the flow of goods from the order placed with the supplier to its final destination. For instance, if LCBO purchases wine from Spain, LCBO staff and agents can determine whether it is at port, on a ship, or on a truck en route to a warehouse.
About LCBO
A $3 billion (Canadian) provincial government enterprise, the LCBO has 600 retail stores, five warehouses and employs some 6,000 people, including part-time staff. In 1997 and 1998, the LCBO was named Innovative Retailer of the Year in the large store category by the Retail Council of Canada (RCC). In 1997, the LCBO was also named Socially Responsible Retailer of the Year by the RCC. In recent years, the LCBO has won some 35 major retailing awards, including the 2000 Outstanding Business Achievement Award from the Ontario Chamber of Commerce.
In fiscal 2001-2002, the LCBO transferred a record $905 million dividend, in addition to $275 million in provincial sales tax, to the Ontario treasury. The LCBO also remitted more than $373 million in federal and municipal taxes. These revenues support a wide range of important government social programs, services and capital projects. For more information on the LCBO, please visit http://www.lcbo.com.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
MicroStrategy’s New Web Services Development Kit Earning Praise
Facilitating & Speeding Intranet and Extranet Application Integration and Deployment
McLEAN, Va., (October 07, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today reported that its recently released Web Services Development Kit is earning praise from MicroStrategy partners and enabling them to provide enhanced reporting and analysis capabilities to their customers. Available through its business intelligence platform MicroStrategy 7i(TM), the Web Services Development Kit allows systems integrators to help organizations quickly build, integrate and deploy analytical applications to corporate intranets and extranets using the Web services framework.
“Web services play a significant role in fully optimizing the application of business intelligence software,” said Sanju Bansal, MicroStrategy’s Vice Chairman and COO. “MicroStrategy’s Web Services Development Kit allows companies to incorporate MicroStrategy 7i’s sophisticated reporting and analysis functionality directly into their corporate portals, extranets, and operational applications. With the Web Services Development Kit, MicroStrategy 7i business intelligence applications deliver data integrity enterprise-wide because they can feed, in real-time, the correct data, calculations and analytics to a company’s operational applications.”
“With MicroStrategy’s Web Services Development Kit, we can now very quickly and easily meet customer demands by providing them with the sophisticated analytical strength of business intelligence applications as Web services,” said John Parker, chief technology officer at Anexinet. “MicroStrategy 7i’s reliability and performance ensure that our business intelligence applications allow our customers to make business decisions based on the latest, most accurate data.”
The new Web Services Development Kit opens up all the business intelligence functionality, ranging from basic performance reporting to statistical analysis, available in the MicroStrategy 7i Business Intelligence Platform(TM) as Web services. MicroStrategy 7i’s pure XML-based architecture requires no ‘adapters’, as does Cognos, or ‘bolt-on’ code, as does Business Objects, to translate data into XML for use with any Web services-compatible system.
“The point of Web services for business intelligence (BI) is to integrate reporting, query, and analysis functions into almost any kind of application, portal, or extranet, both inside and outside an enterprise,” said Philip Russom, research director at Giga Information Group, Inc. In a recent Giga report, Building Web Services for Business Intelligence, July 2002, Russom notes that “BI Web services show promise and could well be a commonly applied enabling technology (especially with Business-to-Business BI) within the next two years …[and] it makes sense for CIOs to foster education via exploratory projects with BI Web services.”
Nithi Vivatrat, managing director at Claraview states: “MicroStrategy now delivers the power of its business intelligence platform through Web services, making it easier for organizations to provide end users with the information and reporting functionality they need.” He added, “MicroStrategy’s Web Services Development Kit will allow our customers to easily and effectively share information within and beyond their organizations and make more informed business decisions.”
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR.
For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7, MicroStrategy SDK, 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
Court Orders Key Actuate Employees to Testify under Oath Regarding Alleged Theft of MicroStrategy Trade Secrets
Actuate also Ordered to Provide MicroStrategyâ??s Expert with Access to Actuate 6 Source Code
McLEAN, Va. (October 01, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced two important developments in its litigation against rival Actuate Corporation (NASDAQ: ACTU).
In June 2001, MicroStrategy filed suit against Actuate and two of its senior software engineers who had previously worked for MicroStrategy. MicroStrategy has accused these two former employees of putting their knowledge of MicroStrategy 7 to work in helping Actuate design and develop Actuate 6, released in May 2002. Among the relief that MicroStrategy is seeking is an injunction blocking the further marketing and sale of Actuate 6, payment to MicroStrategy of all of Actuate’s profits from the sale of Actuate 6, and treble damages.
On September 20, 2002, the Circuit Court of Fairfax County, Virginia ordered Actuate to make the two individual defendants available for questioning, under oath, by MicroStrategy’s lawyers. The court also required Actuate to make relevant portions of the source code for Actuate 6 available for inspection by MicroStrategy’s expert, and to do so by October 21, 2002. Until the court acted, Actuate had been refusing to permit MicroStrategy to question these two important witnesses, and had been refusing to provide access to the Actuate 6 source code. To allow reasonable time for discovery to be completed, the court has rescheduled the trial date to February 10, 2003.
Jonathan F. Klein, MicroStrategy’s Vice President, Law and General Counsel, stated: “We are confident that, once all the facts come to light, we can prove that Actuate has misappropriated our trade secrets and confidential information.”
About MicroStrategy Incorporated
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7, 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.
Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy
Boise State University Receives Grant of MicroStrategy Software to Teach Technology Course
Will Teach Best Practices in Business Intelligence Using MicroStrategy Software
McLEAN, Va., (September 24, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Boise State University has received a grant of MicroStrategy product licenses for use in teaching best practices techniques in business intelligence in the classroom. The grant will be used in the University’s School of Applied Technology to teach a course that will examine the fundamental concepts and theories relevant to business and information technology professionals in data warehousing.
“We chose MicroStrategy for its award-winning technology platform and its leadership position in the business intelligence industry,” said Scott Hilpert, Adjunct Faculty member in the Networking, Operations and Information Systems Department at Boise State University. “The complete range of user functionality combined with sophisticated analytical capabilities make the MicroStrategy platform very attractive to students interested in learning all the aspects of designing, implementing and deploying data warehouse methodologies.”
This semester-long course will use MicroStrategy software and review competing data warehousing methodologies, best practice approaches and structures for planning and designing successful data warehouses, as well as project management pitfalls and success factors. The course will also examine data warehouse modeling, implementation and deployment techniques, as well as data quality planning.
“We are delighted to provide a leading educational institution with the tools required to help students learn the fundamentals of business intelligence and data warehousing technologies,” said Sanju K. Bansal, vice chairman and COO at MicroStrategy Incorporated. “As business and technology strategies become more aligned, today’s students and tomorrow’s leaders will need a much more comprehensive understanding of those technologies that are essential to running efficient business operations. Our platform can provide the foundation for excellence in business intelligence and we’re proud of our relationship with Boise State University.”
About Boise State University
Boise State is Idaho’s metropolitan university, located in the state’s population center and capital city, a hub of government, business, the arts, health care, industry and technology.
The university offers a variety of undergraduate, graduate and technical programs to serve the diverse needs of the area.
The university offers courses in eight colleges: Applied Technology, Arts and Sciences, Business and Economics, Education, Engineering, Graduate Studies, Health Sciences, and Social Sciences and Public Affairs.
In addition to its main campus located less than one mile from downtown Boise, the university operates education centers in Canyon County, Mountain Home Air Force Base, Gowen Field and Twin Falls. A new satellite campus — Boise State West in Canyon County — is in the construction stages.
The university delivers classes via the Internet, compressed video, microwave, cable, computer conferencing and radio. The university has an extensive evening program at both the undergraduate and graduate levels, and the summer session is the state’s largest.
Boise State is accredited by the Northwest Association of Schools and Colleges. Several individual programs are accredited by professional accrediting associations. Through all of its programs, Boise State University is fulfilling its commitment to the citizens of Idaho by providing quality teaching, research and public service.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7i, Scalable Business Intelligence Platform Built for the Internet 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.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy
Bavarian Universities More Effectively Allocate Resources With MicroStrategy Business Intelligence
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the University of Bamberg, the Technical University of Munich and the Bavarian State Ministry for Education, Research and Art rely on the MicroStrategy Business Intellige
McLean, Va., (September 16, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the University of Bamberg, the Technical University of Munich and the Bavarian State Ministry for Education, Research and Art rely on the MicroStrategy Business Intelligence Platform(TM) to access key information aimed at gaining critical education funding.
Universities across Bavaria compete for funding that is awarded on a performance basis, and these three institutions needed a secure, Web-based platform that could support a wide array of queries across their intranet and extranet environments. Today, they are able to run an unlimited number of queries against their MicroStrategy-based systems with ease. With the MicroStrategy platform, they can allocate resources more selectively, and thus, more efficiently.
End users of the universities’ data warehouse application are able to analyze student administration, human resources and financial assistance data as well as exam information. Deans, professors or committee members, for example, can determine the number of students enrolled in a particular subject, identify the financial resources available to a particular chair, or uncover the number of students that dropped out of a specific course in a given semester.
MicroStrategy technology gives university end users up-to-the-minute information, enabling them to react more quickly to trends and make better financial and planning decisions. In the future, the reach of the data warehouse solution will be extended to support research projects and allow interested citizens to access publicly available academic information. Furthermore, the Bavarian State Ministry for Education, Research and Art plans to extend the project to all nine Bavarian universities.
About the University of Bamberg
The University of Bamberg was founded in 1647. Approximately 7,000 students are currently enrolled in 47 programs across 7 departments. More than 120 professors and approximately 270 teaching and research assistants from more than 700 full-time employees are involved in the academic education. In 2001, a new department for business information systems and applied computer science was opened.
About the Technical University of Munich
The Technical University of Munich was founded in 1823. There are approximately 20,000 students enrolled in 50 programs across 12 departments. About 400 professors and more than 3,700 teaching and research assistants from an overall 9,600 full-time employees are involved in the academic education.
About the Bavarian State Ministry for Education, Research and Art
In Germany, each federal state is responsible for its educational policy. For that reason, the Bavarian State Ministry for Education, Research and Art is responsible for the management of higher education in nine universities, 17 universities of applied sciences, four universities of art and one university of film in Bavaria. Currently, there are approximately 220,000 students enrolled in all Bavarian universities.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7, 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.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy
Italian Department Store Chain La Rinascente Increases Productivity With MicroStrategy Technology
Optimizing Supply Chain Operations and Efficiency
McLEAN, Va., (September 10, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that its customer La Rinascente is using the MicroStrategy Business Intelligence Platform(TM) to perform sales and inventory analyses and optimize supply chain operations to enhance productivity. Milan-based La Rinascente is a leading department store chain with store locations across Italy.
“The MicroStrategy platform meets the needs of our complex retail environment with superior flexibility and ease-of-use,” said Alfredo Barbieri, manager of information systems at La Rinascente. “Our MicroStrategy-based system is truly innovative and has completely changed the way we leverage our data, allowing us to realize improvements in productivity and efficiency.”
With MicroStrategy technology, La Rinascente end users are able to track what has been sold and when to make timely business decisions. Buyers and sales managers, for instance, are able to easily analyze data in an online, secure environment and more effectively manage the shipment and delivery of products between La Rinascente’s suppliers and its store locations. La Rinascente is also distributing critical insight to its suppliers, thereby strengthening business performance and supplier relationships. End users, as a result, are optimizing efficiency by controlling inventory levels and analyzing detailed sales and discount information.
“The feedback from our end users has been very positive,” added Barbieri. Satisfied with the accomplishments of its MicroStrategy applications, La Rinascente plans to extend the reach of its MicroStrategy platform and roll out additional query and reporting capabilities to its end user community.
About La Rinascente
The Rinascente Group is today one of the largest retail trade firms in Italy with 1,358 sales outlets (under direct management, affiliated and associated), and approximately 30,000 employees. Investments totaling EUR 303 million and sales totaling EUR 5,543 million summarize the Group’s activities in the year 2000. The Rinascente Group is listed on the Italian Stock Exchange. Eurofind, a company shared by Ifil Spa and the French Group Auchan, which is one of the most prestigious large-scale retail trade firms in the world, holds the controlling stake in La Rinascente.
The Rinascente Group operates different store brands (including La Rinascente, Upim, SMA, Cityper, Punto Sma, Auchan), and manages 38 commercial malls under the brand name Galleria Auchan. It also has an online selection of fine foods (http://www.ioverrei.it) and an online site for apparel and household products (http://www.rinascente.it). For more information, please visit The Rinanscente Group’s site at http://www.rinascente.it.
About MicroStrategy Incorporated.
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user-friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,700 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Hewlett-Packard, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site 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 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; the Company’s ability to effect the sale of non-core assets on reasonable terms; 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, MicroStrategy Business Intelligence Platform, MicroStrategy 7, 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.
Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy