Kronos
Enables customers to easily and cost-effectively extend increased value of their ERP investments
ORLANDO
Category: Computer & Electronics
MicroStrategy Announces First Quarter 2009 Financial Results
–Diluted Earnings Per Share of $1.88
MCLEAN, Va. (May 06, 2009) –
MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced financial results for the three-month period ended March 31, 2009 (the first quarter of its 2009 fiscal year).
First quarter 2009 revenues were $80.2 million versus $85.9 million for the first quarter of 2008. Product licenses revenues for the first quarter of 2009 were $17.0 million versus $22.1 million for the first quarter of 2008. Product support and other services revenues for MicroStrategy’s core business intelligence (BI) business in the first quarter of 2009 were $60.6 million versus $61.4 million for the first quarter of 2008.
Operating expenses for the first quarter of 2009 were $52.7 million versus $57.3 million for the first quarter of 2008. Contributing to the decrease was the capitalization of $4.2 million in software development costs associated with the release of the Company’s MicroStrategy 9(TM) software, which was made generally available in March 2009. MicroStrategy did not capitalize any software development costs during the first quarter of 2008.
Net income for the first quarter of 2009 was $23.0 million, or $1.88 per share on a diluted basis. Income from continuing operations before financing and other income and income taxes for the first quarter of 2009 was $12.9 million, or 16% of revenue, versus $14.1 million, or 16% of revenue for the first quarter of 2008. Income from continuing operations for the first quarter of 2009 was $8.7 million, or $0.71 per share on a diluted basis, compared to $9.0 million, or $0.72 per share on a diluted basis, for the first quarter of 2008.
Income from discontinued operations, net of tax, for the first quarter of 2009 was $14.3 million, or $1.17 per share on a diluted basis. On February 13, 2009, MicroStrategy completed the sale of its majority-owned subsidiary, Alarm.com Incorporated, which was classified as a discontinued operation, resulting in a gain of $14.4 million net of tax during the first quarter of 2009.
As of March 31, 2009, MicroStrategy had cash and cash equivalents of approximately $162.2 million versus $122.9 million as of December 31, 2008, an increase of $39.3 million. As of March 31, 2009, MicroStrategy had 9,120,452 shares of class A common stock and 2,770,244 shares of class B common stock outstanding.
New Customers and New Deals with Existing Customers in Q1 2009 Included:
AIM Healthcare Services, Inc.; AutoTrader.com, LLC; Bank of America; BC Ministry of Health; Capital Group Companies; CCC Information Services Inc.; Charming Shoppes of Delaware, Inc.; Classmates Online, Inc.; Coca Cola Enterprises; Dana-Farber Cancer Institute; Department of the Army; Department of Veterans Affairs; eBay Inc.; Electronic Arts; Elementis Worldwide, Inc.; Focus Technology Group; GE Healthcare; Government Employees Insurance Company; Limited Stores, LLC; Lund Food Holdings; Marvin’s Inc.; McDonald’s Corporation; Michelin North America; Montgomery County Public Schools; National Aeronautics and Space Administration; Nordstrom, Inc.; PMSI, Inc.; Premier, Inc.; Republic National Distributing Company, LLC; Ross Stores, Inc.; Southern California Edison; Shoppers Drug Mart Inc.; Spartan Stores; Starbucks Corporation; Time Warner Cable; Universal Studios, Inc.; VHA Inc.; Wawanesa; Wells Fargo Bank, N.A.; and Wilbur-Ellis Company
Examples of Customer Deals from Q1 2009:
AIM Healthcare Services, Inc.
A national leader in healthcare business solutions, AIM recently expanded its use of MicroStrategy by providing enhanced reporting capabilities to business users. MicroStrategy is AIM’s business intelligence standard, and AIM relies on the technology for multiple business intelligence applications across the organization. AIM users produce more than 10,000 MicroStrategy-based reports each month for enhanced insights into key areas of the business, including accounting, operations, and client management.
Lund Food Holdings
Lund Food Holdings expanded its deployment of MicroStrategy for enhanced sales and financial reporting at its upscale supermarkets in the Minneapolis-St. Paul region. Store general managers and merchandising personnel at Lund Food Holdings use MicroStrategy for detailed insights into product sales at Lund Food Holdings’ 21 locations. MicroStrategy-based BI applications also provide Lund Food Holdings’ financial analysts with visibility into the company’s business and financial operations. MicroStrategy’s strong expertise in retail business intelligence and its integration with Teradata were key factors in Lund Food Holdings’ selection of MicroStrategy.
Spartan Stores
Spartan Stores, the nation’s tenth largest grocery distributor, has expanded its deployment of MicroStrategy to provide enhanced reporting capabilities for its retail operations and distribution network. Spartan Stores uses MicroStrategy’s software across the company for a broad range of BI applications, including sales and profitability reports to monitor business performance, merchandising reports for detailed insights into gross margins and category management, marketing reports to evaluate sales promotion trends and opportunities, and supply chain reports to manage supplier delivery performance. Spartan Stores recently expanded its deployment of MicroStrategy to enable Store Directors and Department Managers to evaluate and manage individual store and department performance.
Wawanesa
Wawanesa is one of the largest property and casualty insurers in Canada. After a thorough evaluation of leading BI products, Wawanesa selected MicroStrategy as its enterprise BI platform. Wawanesa plans to use MicroStrategy as the single view into its multiple lines of business. MicroStrategy-based reports and dashboards will provide Wawanesa management with detailed insights into key business areas, including customer relationship management, underwriting and policy management, claims, and human resources. Wawanesa selected MicroStrategy because of its integrated platform, ease-of-use, and low total cost of ownership.
General Availability of MicroStrategy 9 Announced:
MicroStrategy 9 was introduced in January 2009 at the Company’s annual user conference and was made generally available on March 20, 2009. MicroStrategy’s most significant release in nearly a decade, MicroStrategy 9 delivers new technology and features designed to extend enterprise BI with enhancements for greater scalability, performance and efficiency; enable rapid development and deployment of departmental BI applications; and provide a seamless consolidation path from departmental BI to enterprise BI.
MicroStrategy’s Report Services Product Rated by Gartner, Inc.:
MicroStrategy’s Report Services product was rated 4.4 overall by Gartner, Inc. in its recent report, Critical Capabilities for Business Intelligence Reporting. The rating was based on a scale of 1 to 5, with 5 representing the highest score in each critical capability. The overall ranking is a weighted average of the critical capabilities defined by Gartner. The Critical Capabilities report rates the reporting capabilities of nine business intelligence platforms across three common use cases. To view the entire Gartner report, compliments of MicroStrategy, visit www.microstrategy.com/GartnerBIReporting2009.
MicroStrategy Develops Information Dashboard for Tracking U.S. Recovery Act Funds:
MicroStrategy has developed an information dashboard that can help citizens track American Recovery and Reinvestment Act expenditures. MicroStrategy submitted its dashboard to Recovery.gov as a tool that government agencies can also utilize to provide greater transparency into their use of the recovery funds.
MicroStrategy’s Recovery.gov dashboard provides at-a-glance insights into current data available on the Recovery.gov Web site. The dashboard can be viewed at http://www.microstrategy.com/recovery-act-data/. Government agencies receiving Recovery Act funds will be charged with providing regular updates to government officials, Congress, and the public on how much money is being spent and on what programs. MicroStrategy created this dashboard as an example of how agencies can streamline their own reporting of this information.
MicroStrategy Recognized in Consumer Goods Technology 2009 Readers’ Choice Survey:
MicroStrategy was recognized by Consumer Goods Technology (CGT) in its ninth annual Readers’ Choice survey. Each year, CGT asks its subscribers to identify their most valued solution and service providers across multiple categories. MicroStrategy was recognized in the Business Intelligence category. Survey results are derived from feedback from consumer goods business and IT executives.
MicroStrategy’s software is used by a wide array of global consumer goods companies, including Avon Products, Chiquita Brands, The Estee Lauder Companies, Inc., Giorgio Armani Corporation, Groupe Danone, Gucci, Herbalife, and Levi Strauss & Co. Using MicroStrategy’s BI platform, consumer goods companies can analyze vast amounts of data to gain greater insight into their operations and make more strategic and proactive decisions.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy 9, MicroStrategy Report Services, and MicroStrategy Dynamic Enterprise Dashboards are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
This press release may include statements that may constitute “forward-looking statements,” including estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 9 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, including significant downturns in industries, including the financial services and retail industries, in which we have a significant number of customers; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
MicroStrategy Incorporated
Investor Relations
ir@microstrategy.com
(703) 848-8600
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended
March 31,
———
2009 2008
—- —-
(unaudited) (unaudited)
Revenues
Product licenses $16,971 $22,127
Product support and other services 63,269 63,777
—— ——
Total revenues 80,240 85,904
—— ——
Cost of Revenues
Product licenses 596 559
Product support and other services 14,065 13,947
—— ——
Total cost of revenues 14,661 14,506
—— ——
Gross profit 65,579 71,398
—— ——
Operating Expenses
Sales and marketing 30,530 29,688
Research and development 7,839 10,324
General and administrative 14,344 17,310
—— ——
Total operating expenses 52,713 57,322
—— ——
Income from continuing operations before
financing and other income and income taxes 12,866 14,076
—— ——
Financing and Other Income (Expense)
Interest income, net 145 800
Other income (expense) 536 (861)
— —-
Total financing and other income (expense) 681 (61)
— —
Income from continuing operations before
income taxes 13,547 14,015
Provision for income taxes 4,888 5,054
—– —–
Income from continuing operations 8,659 8,961
—– —–
Discontinued operations:
Gain from sale of discontinued operations, net
of tax provision of $11,121 14,422 –
Loss from discontinued operations, net of tax
benefit ($54 and $74, respectively) (106) (663)
—- —-
Discontinued operations, net of tax 14,316 (663)
——- ——
Net Income $22,975 $8,298
======= ======
Basic earnings (loss) per share (1):
From continuing operations $0.73 $0.75
From discontinued operations $1.20 $(0.05)
—– ——
Basic earnings per share $1.93 $0.70
===== =====
Weighted average shares outstanding used in
computing basic earnings per share 11,890 11,927
====== ======
Diluted earnings (loss) per share (1):
From continuing operations $0.71 $0.72
From discontinued operations $1.17 $(0.05)
—– ——
Diluted earnings per share $1.88 $0.67
===== =====
Weighted average shares outstanding used in
computing diluted earnings per share 12,219 12,381
====== ======
(1) Basic and fully diluted earnings per share for class A and class B
common stock are the same
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Core BI Business Angel.com Consolidated
—————- ——— ————
Three Months Three Months Three Months
Ended Ended Ended
March 31, March 31, March 31,
——— ——— ———
2009 2008 2009 2008 2009 2008
—- —- —- —- —- —-
Revenues
Product licenses $16,971 $22,127 $- $- $16,971 $22,127
Product support and
other services 60,610 61,412 – – 60,610 61,412
Angel.com telephony
services – – 2,659 2,365 2,659 2,365
— — —– —– —– —–
Total revenues 77,581 83,539 2,659 2,365 80,240 85,904
—— —— —– —– —— ——
Cost of Revenues
Product licenses 596 559 – – 596 559
Product support and
services revenues 13,027 13,487 – – 13,027 13,487
Angel.com telephony
services – – 1,038 460 1,038 460
— — —– — —– —
Total cost of
revenues 13,623 14,046 1,038 460 14,661 14,506
—— —— —– — —— ——
Gross profit 63,958 69,493 1,621 1,905 65,579 71,398
—— —— —– —– —— ——
Operating Expenses
Sales and marketing 29,358 28,132 1,172 1,556 30,530 29,688
Research and
development 6,827 9,736 1,012 588 7,839 10,324
General and
administrative 13,907 17,250 437 60(a) 14,344 17,310
—— —— — — —— ——
Total operating
expenses 50,092 55,118 2,621 2,204 52,713 57,322
—— —— —– —– —— ——
Income (loss) from
continuing
operations 13,866 14,375 (1,000) (299) 12,866 14,076
—— —— —— —- —— ——
Financing and Other
Income (Expense)
Interest income, net 145 800 – – 145 800
Other income
(expense), net 536 (861) – – 536 (861)
— —- — — — —-
Total financing and
other income
(expense) 681 (61) – – 681 (61)
— — — — — —
Income (loss) from
continuing
operations before
income taxes $14,547 $14,314 $(1,000) $(299) $13,547 $14,015
Provision for
income taxes 4,888 5,054
—– —–
Income from
continuing
operations 8,659 8,961
—– —–
Discontinued
operations:
Gain from sale
of discontinued
operations, net
of tax 14,422 –
Loss from
discontinued
operations, net
of tax (106) (663)
—- —-
Discontinued
operations, net
of tax 14,316 (663)
——- ——
Net income $22,975 $8,298
======= ======
Basic earnings
(loss) per share:
From continuing
operations $0.73 $0.75
From discontinued
operations $1.20 $(0.05)
—– ——
Basic
earnings
per share $1.93 $0.70
===== =====
Diluted earnings
(loss) per share:
From continuing
operations $0.71 $0.72
From discontinued
operations $1.17 $(0.05)
—– ——
Diluted
earnings
per share $1.88 $0.67
===== =====
Basic weighted
average shares
outstanding 11,890 11,927
====== ======
Diluted weighted
average shares
outstanding 12,219 12,381
====== ======
(a) An insignificant amount of general and administrative services was
allocated to the Angel.com business unit by MicroStrategy’s core
business operations.
MICROSTRATEGY INCORPORATED
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
March 31, December 31,
2009 2008
—- —-
Assets (unaudited) (audited)
Current assets
Cash and cash equivalents $162,193 $122,915
Restricted cash and investments 542 619
Accounts receivable, net 37,971 49,670
Prepaid expenses and other current assets 9,881 9,518
Deferred tax assets, net 14,442 26,743
Assets held-for-sale – 4,964
— —–
Total current assets 225,029 214,429
Property and equipment, net 8,611 8,978
Capitalized software development cost, net 18,619 14,823
Deposits and other assets 36,288 36,804
Deferred tax assets, net 15,368 17,105
—— ——
Total Assets $303,915 $292,139
======== ========
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable and accrued expenses $24,187 $27,697
Accrued compensation and employee benefits 27,761 42,634
Deferred revenue and advance payments 78,690 66,495
Liabilities held-for-sale – 6,325
— —–
Total current liabilities 130,638 143,151
Deferred revenue and advance payments 3,467 1,679
Other long-term liabilities 9,246 9,268
—– —–
Total Liabilities 143,351 154,098
——- ——-
Stockholders’ Equity
Preferred stock undesignated, $0.001
par value; 5,000 shares authorized;
no shares issued or outstanding – –
Class A common stock, $0.001 par value;
330,000 shares authorized; 14,168 shares
issued and 9,121 shares outstanding, and
14,167 shares issued and 9,120 shares
outstanding, respectively 14 14
Class B common stock, $0.001 par value;
165,000 shares authorized; 2,770 issued
and outstanding 3 3
Additional paid-in capital 450,919 450,953
Treasury stock, at cost; 5,047 shares (366,191) (366,191)
Accumulated other comprehensive income 1,053 1,471
Retained earnings 74,766 51,791
—— ——
Total Stockholders’ Equity 160,564 138,041
——- ——-
Total Liabilities and Stockholders’ Equity $303,915 $292,139
======== ========
MICROSTRATEGY INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three Months Ended
March 31,
———
2009 2008
—- —-
Operating activities:
Net income $22,975 $8,298
Plus: (Income) loss from discontinued operations,
net of tax (14,316) 663
——- —
Income from continuing operations 8,659 8,961
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 1,770 1,642
Bad debt expense 222 632
Deferred taxes 2,823 2,753
Stock-based compensation – 44
Excess tax benefits from stock-based payment
arrangements – (56)
Other, net – 10
Changes in operating assets and liabilities:
Accounts receivable 9,281 4,485
Prepaid expenses and other current assets (609) (1,301)
Deposits and other assets 354 191
Accounts payable and accrued expenses,
compensation and employee benefits (16,328) (13,239)
Deferred revenue and advance payments 16,960 13,283
Other long-term liabilities (23) 890
— —
Net cash provided by operating activities from
continuing operations 23,109 18,295
Net cash used in operating activities from
discontinued operations (472) (206)
—- —-
Net cash provided by operating activities 22,637 18,089
—— ——
Investing activities:
Purchases of property and equipment, net (1,131) (699)
Capitalized software development costs (4,218) –
Decrease in restricted cash and investments 23 56
— —
Net cash used in investing activities from
continuing operations (5,326) (643)
Net cash provided by (used in) investing
activities from discontinued operations 24,546 (24)
—— —
Net cash provided by (used in) investing
activities 19,220 (667)
—— —-
Financing activities:
Distribution to Alarm.com minority shareholders (60) –
Proceeds from sale of class A common stock under
exercise of employee stock options 19 124
Excess tax benefits from stock-based payment
arrangements – 56
Purchases of treasury stock – (5,366)
— ——
Net cash used in financing activities from
continuing activities (41) (5,186)
Net cash used in financing activities from
discontinued activities – –
— —
Net cash used in financing activities (41) (5,186)
Effect of foreign exchange rate changes on
cash and cash equivalents (2,538) 2,447
—— —–
Net increase in cash and cash equivalents 39,278 14,683
Cash and cash equivalents, beginning of period 122,915 85,194
——- ——
Cash and cash equivalents, end of period $162,193 $99,877
======== =======
SOURCE MicroStrategy Incorporated
http://www.microstrategy.com
Copyright (C) 2009 PR Newswire. All rights reserved
Source: MicroStrategy
iWay Software Expands Universal Adapter Suite for IBM WebSphere
AmBev and Others Benefit From Enhanced Connectivity Between IBM WebSphere Products and Enterprise Information Assets decentralise
NEW YORK, NY (May 05, 2009) –
iWay Software, an Information Builders division and innovator of enterprise integration solutions, today announced the continued momentum of iWay adapter projects with IBM WebSphere business integration offerings. The company now offers support for WebSphere Message Broker, WebSphere Message Broker Toolkit, WebSphere Process Server, WebSphere ESB, and WebSphere Integration Developer.
Developed on, and built for, IBM WebSphere technology, the iWay Universal Adapter Suite for IBM middleware, now includes all iWay customized adapters for IBM customers, which are provided via a new on-demand delivery model. This allows companies to more effectively leverage underlying technologies for service-oriented architecture- (SOA) and WebSphere-based deployments. For example, AmBev, the biggest private producer of consumer goods in Brazil and the biggest brewery in Latin America, is leveraging the iWay adapter for i2 for WebSphere Message Broker and WebSphere Message Broker Toolkit to integrate their global transportation management systems to SAP.
The iWay Universal Adapter Suite for IBM middleware enables unparalleled connectivity for industry-leading applications to IBM’s middleware offerings. Recent iWay Software engagements with IBM customers include the following adapters: i2, Manugistics, Connect:Direct, HL7, MLLP, FIX, JD Edwards, Oracle eBusiness Suite, Amdocs/Clarify CRM, and MSMQ. iWay continues to provide adapters for these additional applications: Ariba, Baan, Broadvision, Documentum, Lawson, MFG/PRO, Oracle Retek, Salesforce.com, Tibco, and more.
“We are helping companies accelerate business integration by providing a foundation for business agility with a low cost of entry and full project reusability,” said Gerald Cohen, president and CEO of Information Builders. “Our simply assembled and configured off-the-shelf components allow for rapid data access and application integration without lengthy custom coding, expensive systems overhauls or costly delays.”
Also at IBM Impact 2009, iWay Software introduced a Salesforce.com resource adapter for WebSphere Integration Developer (design-time discovery and configuration), WebSphere Process Server, and WebSphere ESB run-time environments. The Salesforce.com adapter is available for free trial purposes at the Information Builders/iWay Software booth #P1B in area ZOS.
About IBM
For more information about IBM, visit www.ibm.com/soa
About iWay Software
iWay Software’s integration methodology is simple: it uses a single, integrated set of graphical design tools to assemble powerful pre-built components for enterprise-class business-to-business (B2B) integration, business process automation (BPA), or enterprise information management (EIM) integration scenarios – without the use of custom code. Integration configurations can be deployed in a stand-alone manner to any environment supporting a JVM – or to Web application servers from any vendor. iWay delivers the fastest, most cost-effective, and simplest way to integrate and streamline critical business processes. iWay Software’s vendor-, platform-, and protocol-neutral solutions achieve the promise of SOA: true reusability.
About Information Builders
Information Builders’ award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers for the past 30 years. WebFOCUS is the world’s most widely utilized business intelligence platform. It provides the security, scalability and flexibility needed at every level of global extended enterprises. Its simplicity helps create executive, analytical, and operational applications that reach dozens to millions of users. Information Builders’ iWay Software suite provides state of the art, multi-purpose, pre-built integration components that address all SOA, application, data and information management requirements. Its integration adapters have been adopted by the leading software platform providers. Together, these products give Information Builders’ customers the ability to grow and innovate according to their needs.
Information Builders’ customers include most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners.
Source: Information Builders
iWay Software Offers New Salesforce.com Adapter for WebSphere
Companies Reduce Time and Cost With Seamless Integration for all SaaS-Based Applications
NEW YORK, NY (May 05, 2009) –
iWay Software, an Information Builders company and innovator of enterprise integration solutions, today announced the addition of a new Salesforce.com adapter for WebSphere. This new adapter allows companies of all sizes, across all industries, to enhance their Salesforce.com environment with secure and code-free integration of “cloud- based” and on-premise applications. The iWay Salesforce.com adapter is available now. A free trial is being offered at the IBM Impact Conference at the Information Builders/iWay Software booth # P1B in area ZOS, as well as on the iWay Software Web site.
iWay’s Salesforce.com adapter provides interface and integration touchpoints for all software-as-a-service- (SaaS)-based Salesforce.com applications and services, including sales, service and support, partner relationship management, analytics, and industry or custom applications. It enables information-sharing between Salesforce.com and virtually any other type of information system including: packaged applications, e-business connections, transaction processing environments, database systems, message systems, and file transfer technologies. This tight integration will facilitate the rapid sharing of critical information about prospects and customers, sales and marketing programs, post-sales support activities, and more across the entire technology infrastructure.
“Our new Salesforce.com adapter provides seamless integration between Salesforce.com applications and other internal and external systems, eliminating the need for costly, time-consuming, high-risk hand-coding,” said Gerald Cohen, president and CEO of Information Builders.
iWay’s Salesforce.com adapter integrates with WebSphere Integration Developer, WebSphere Process Server, and WebSphere ESB run-time environments allowing users to:
* Share timely data between service and support applications as well as engineering, manufacturing, and quality management systems to more effectively identify and track product defects
* Link sales and inventory management systems to facilitate better stock and demand planning
* Synchronize sales pipelines and forecasts with accounting information for improved financial planning and management
* Exchange order status and delivery information with clients and partners
* Integrate sales, marketing, accounting, call center, and other applications, for a single, accurate view of prospect and customer details and histories across the business.
The iWay Salesforce.com adapter is available immediately. A free 90-day trial version is available at the iWay Software Web site.
About iWay Software
iWay Software’s integration methodology is simple: it uses a single, integrated set of graphical design tools to assemble powerful pre-built components for enterprise-class business-to-business (B2B) integration, business process automation (BPA), or enterprise information management (EIM) integration scenarios – without the use of custom code. Integration configurations can be deployed in a stand-alone manner to any environment supporting a JVM – or to Web application servers from any vendor. iWay delivers the fastest, most cost-effective, and simplest way to integrate and streamline critical business processes. iWay Software’s vendor-, platform-, and protocol-neutral solutions achieve the promise of SOA: true reusability.
About Information Builders
Information Builders’ award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers for the past 30 years. WebFOCUS is the world’s most widely utilized business intelligence platform. It provides the security, scalability and flexibility needed at every level of global extended enterprises. Its simplicity helps create executive, analytical, and operational applications that reach dozens to millions of users. Information Builders’ iWay Software suite provides state of the art, multi-purpose, pre-built integration components that address all SOA, application, data and information management requirements. Its integration adapters have been adopted by the leading software platform providers. Together, these products give Information Builders’ customers the ability to grow and innovate according to their needs.
Information Builders’ customers include most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners. More information is available at www.informationbuilders.com.
Source: Information Builders
The Durst Organization Builds Comprehensive Workforce Management Solution with Kronos
Kronos® Incorporated today announced that The Durst Organization, a world leader in the development of technologically advanced and environmentally responsible commercial property, has replaced its partially automated time and attendance, payroll, and human resources systems with a single, integrat
CHELMSFORD, Mass. (April 29, 2009) –
Kronos® Incorporated today announced that The Durst Organization, a world leader in the development of technologically advanced and environmentally responsible commercial property, has replaced its partially automated time and attendance, payroll, and human resources systems with a single, integrated solution, Kronos Essentials(TM).
News Facts
* Durst chose Kronos for its ability to completely automate business processes to effectively manage its 800 employees across 13 locations.
* Employees – both hourly and salaried – adopted the easy-to-use technology, resulting in improved morale and accurate time and attendance tracking.
* Benefits include accuracy in payroll leading to labor cost control; elimination of manual, error-prone processes for improved productivity; and centralized control and enforcement to manage compliance with its variety of union work rules.
* With 40 percent year-over-year growth, Kronos Essentials delivers world-class capabilities simply and cost effectively so organizations don’t have to settle for a partially automated system. Kronos Essentials maximizes limited budgets through flexible payment and deployment options, fits seamlessly within existing IT infrastructure, and can be easily extended as business needs grow.
Supporting Quotes
* Barry Fagan , vice president, information systems, The Durst Organization
“Kronos provides comprehensive functionality without requiring additional customization, which gives us full control over the system and a lower overall total cost of ownership. By automating all processes on a single platform and database, Kronos proved to be an easy-to-own solution that was swiftly implemented. Also, by effectively tracking the time and attendance of our diverse workforce with varied schedules and needs, Kronos helps us keep our labor costs accurate and predictable – in real time.”
* Charlie DeWitt, vice president of vertical markets, Kronos
“Partially automated and disparate systems can not only be productivity killers, but can drastically impact the accuracy of a paycheck as well. Kronos takes the guesswork out of time reporting and optimizes processes to control labor costs, minimize compliance risk, and improve workforce productivity.”
About The Durst Organization
The Durst Organization is one of New York’s oldest and most respected privately held owner/builder/managers of commercial and residential real estate. Started in 1915 by Joseph Durst, the company is now headed by his grandsons, Douglas and Jonathan Durst and has become one of nations’ foremost green builders. The company owns and manages more than 8.5 million square feet of Class A midtown office space as well as over 1.5 million square feet of residential rental building. Today, the Durst Organization is finishing the most environmentally advances skyscraper in the U.S., the 2.1 million square foot Bank of America Tower at One Bryant Park. The Durst Organization continues to grow and seek out new opportunities for innovative commercial and residential development in and around New York City.
About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.
© 2009 Kronos Incorporated. Kronos and Kronos Essentials are registered trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Source: Kronos
MicroStrategy Develops Information Dashboard for Tracking U.S. Recovery Act Funds
Dashboard Submitted to Recovery.gov as a Tool for Government Agencies to Provide Greater Transparency into Fund Expenditures
McLean, Va., (April 28, 2009) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that it has developed an information dashboard that can help citizens track American Recovery and Reinvestment Act expenditures. MicroStrategy submitted its dashboard to Recovery.gov as a tool that government agencies can also utilize to provide greater transparency into their use of the recovery funds.
This week, the Recovery Accountability and Transparency Board and the Office of Management and Budget is hosting a national online dialogue to engage leading information technology vendors, thinkers, and consumers in finding approaches to ensure that all citizens can monitor the expenditure and use of recovery funds. Participants will recommend, discuss, and vote on the best ideas, tools, and approaches at Recovery.gov.
MicroStrategy’s Recovery.gov dashboard provides at-a-glance insights into current data available on the Recovery.gov Web site. The dashboard can be viewed at http://www.microstrategy.com/recovery-act-data/. Government agencies receiving Recovery Act funds will be charged with providing regular updates to government officials, Congress, and the public on how much money is being spent and on what programs. MicroStrategy created this dashboard as an example of how agencies can streamline their own reporting of this information.
MicroStrategy’s dynamic dashboards are used by businesses and government agencies to augment data comprehension and optimize decision-making. Business intelligence dashboards display a tremendous amount of information in an easy-to-use and compelling manner. MicroStrategy offers an extensive library of data visualization tools and selector controls to further enhance data exploration.
“Government agencies will be faced with developing an efficient way for reporting their use of recovery funds in a clear, accurate, and timely manner,” said Sanju Bansal, MicroStrategy’s COO. “Information dashboards are ideal for this initiative, providing the ability to display large volumes of information in an intuitive, graphical format that will allow citizens to analyze and evaluate how their tax dollars are being spent.”
To view additional MicroStrategy interactive dashboards, visit http://www.microstrategy.com/dashboard-demo.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy
Survey: Despite Budget Cuts and Belt Tightening, Employees Remain Upbeat
75 percent trust their companies are making the right decisions to weather the storm
Troy, MI (April 22, 2009) –
The economy may be tanking but employees across the country seem to be taking it in stride, trusting that their employers are making decisions that may hurt a bit today, but will prove critical to future success. This according to a March 2009 online survey of 214 public and private company employees conducted by Zoomerang, on behalf of iDashboards, the leader in Business Intelligence (BI) dashboard software. You can view the comprehensive survey results in dashboard form here.
Companies eliminating bonus plans, reducing 401(k) contributions and freezing promotions is old news. Not surprisingly, almost everyone is feeling the impact of cost cutting. For example, a full 60 percent of respondents shared that they have experienced cuts, with layoffs being the number one cut at 54 percent, followed by travel restrictions at 38 percent and employee furloughs at 13 percent. Remarkably, 75 percent of the respondents felt the budget cuts were reasonable and would ensure the longevity of their companies.
Why all the goodwill?
Despite the numerous cuts in benefits, the survey shows that employers have yet to largely slash compensation.
A total of 80 percent of the respondents (172 people) noted that their salary has either remained the same or increased. A startling 12 percent (26 people) reported their salaries have increased since the economic decline and 68 percent (146 people) state their compensation remains unchanged.
Of those lucky 26 workers receiving a pay hike, 54 percent saw an uptick of less than 5 percent, while 31 percent reported increases in the 5-10 percent range.
“Our survey shows that a corporation’s greatest assets, its people, are proving to be extremely resilient in these tough economic times,” said Shadan Malik, president and CEO, iDashboards. “Now is the time to reward employees, perhaps with non-monetary perks, like tools and technologies to make their jobs easier and let them know that their efforts are making a difference.”
All for one and one for all
According to the survey results, the upbeat and positive attitude should last for the foreseeable future as long as employers continue with the openness, transparency and daily communications of where the company stands in the market and how individuals can contribute. Obviously, employees want more visibility into their organizations. For most corporations, sharing this data can be as easy as adding people to a weekly report or providing access to a visual asset tool.
Further evidence that employees are invested in their current careers is that 74 percent of the respondents confirmed they would not seek another job over the next 12 months. Employees understand that to remain viable in the current market, they must be prepared to take on additional responsibilities and be open to new processes that closely track and monitor their performance.
“It’s unfortunate that the pervasive negative economic storylines consistently fail to address the positives – the significant number of employees who remain loyal to their organizations and committed to helping their companies ‘weather the storm,'” continued Malik.
More good news for employers is that boosting morale and motivating employees is getting easier. Respondents noted that “consistent feedback” and “positive reinforcement,” as well as “non-monetary rewards” such as “dress down days,” “vacation time” and “contests” are the best ways for corporations to show their appreciation.
###
About iDashboards
Through its award-winning engineering and patented software, iDashboards helps companies leverage information assets through visually rich, real-time and personalized business intelligence dashboards to analyze, track, and drill down through a wealth of information. iDashboards’ global customer base consists of organizations ranging from large, fortune 500 companies to small and medium-sized businesses, all of which are making quicker, well-informed business decisions with the help of iDashboards. The company is privately held and headquartered in Troy, Michigan. To find out more about iDashboards’ solutions, please call (248) 952-0840 or visit www.idashboards.com.
Press Contacts:
Lauren Grassetti
LEWIS PR
617.226.8840
idashboards@lewispr.com
Source: iDashboards
Kronos
A new survey sponsored by The Workforce Instituteâ?¢ at Kronos® Incorporated and conducted by Harris Interactive reveals that people’s work habits have changed as a result of the turbulent economy
CHELMSFORD, Mass. (April 22, 2009) –
A new survey sponsored by The Workforce Institute(TM) at Kronos® Incorporated and conducted by Harris Interactive reveals that people’s work habits have changed as a result of the turbulent economy. Across America, employees want to demonstrate their value to employers and increase the size of their paycheck by putting in extra time at their jobs. According to the survey “Workplace Tug-of-War: Workers Want More Work; Employers Want to Control Costs”, employees want to work more even with an increased workload.
News Facts
* Got work? Employees are feeling the pressure of the current economy and want to work more to protect their job security and earn extra money. Forty-five percent of workers surveyed say they are more willing to take any available and additional shifts because of financial motivations.
* Staying home not an option. Employees are feeling the pressure to go to work. Thirty percent of respondents stated that they are more likely to go to work in this economy regardless of their physical or emotional state, or scheduling conflicts. This kind of mentality can lead to “presenteeism” (when employees are at work but not functioning at full capacity leading to negative repercussions on business performance).
* Moonlighting goes mainstream. Forty-nine percent of respondents have considered taking on a second job in recent months because of financial reasons, while 27 percent said that they are actively applying for or have already secured a second job.
* Conflicting demands. Employees may want to work more, but companies are cracking down on overtime to save on labor costs. Twenty-nine percent of hourly workers eligible for overtime pay say that because of the economy their managers are reducing the amount of overtime they can work.
* Doing more with less. Across the country, workers and organizations alike are being pushed to do more with fewer resources. Thirty-three percent of respondents say their companies have downsized during the past year because of the economy, and 28 percent of respondents say their workload has increased, putting added pressure on employees who are already feeling the financial crunch.
Supporting Quotes
* Joyce Maroney, director of The Workforce Institute, Kronos
“Our Workplace Tug-of-War survey indicates that many folks are taking second jobs to deal with these tough economic times. Managers of multi- job employees often have to deal with more complicated scheduling constraints. Proactively communicating with employees about their scheduling needs and availability can save time on the back-end, as can the use of an automated scheduling solution.”
“The results of this survey clearly indicate that workers are willing to work more to show their dedication and value to their employer. In this shaky financial environment, remaining employed is the number one goal for all workers.”
* Steve Hunt, board member of The Workforce Institute
“During normal economic times, many organizations do not scrutinize overtime costs. As work has slowed down and customer orders have dropped off, there is less of a need for overtime. Companies seeking to control labor costs will benefit from investing in workforce planning and scheduling, rather than paying overtime because of a failure to properly forecast labor demand.”
“Managers who expect their employees to work harder without giving recognition or reward are likely to burn employees out, leading to decreased morale, poor work quality, and turnover.”
Supporting Resources
* About Harris Interactive
Survey Methodology
This “Workplace Tug-of-War: Workers Want More Work; Employers Want to Control Costs” survey was conducted online within the U.S. by Harris Interactive on behalf of The Workforce Institute at Kronos Incorporated between January 30 and February 3, 2009 among 2,241 U.S. adults aged 18 and over among whom 1,265 were employed full-time or part-time. Results were weighted as needed for age, sex, race/ethnicity, education, region and household income. Propensity score weighting was also used to adjust for respondents’ propensity to be online.
About The Workforce Institute
The Workforce Institute was founded by Kronos Incorporated in 2006 as a think tank to provide research and education on critical workplace issues facing organizations around the globe. By bringing together thought leaders, The Workforce Institute is uniquely positioned to empower organizations with the knowledge and information they need to manage their workforce effectively and provide a voice for employees on important workplace issues. A hallmark of The Workforce Institute’s research is balancing the needs and desires of diverse employee populations with the needs of organizations. For additional information, visit www.workforceinstitute.org.
About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.
© 2009 Kronos Incorporated. Kronos is a registered trademark and The Workforce Institute is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Source: Kronos
Martin Memorial Health Systems Realizes Fast ROI with Kronos
Hospital saves $600,000 on overtime in one year; gains significantly through swift implementation
San Antonio, Texas (April 15, 2009) –
Martin Memorial Health Systems replaced its previous disparate, partially manual scheduling system with a centralized, automated solution from Kronos® Incorporated and realized ROI within one year of implementation. The Kronos scheduling solution, purchased in July and implemented successfully by November 2007, tightly integrates with the Kronos time and attendance application that the hospital has been using since 2003 and completely automates the scheduling process. As a result, every nursing unit uses a single workforce management system and enjoys the benefits of accurate schedules rid of manual errors.
News Facts
* The fast implementation of the Kronos scheduling solution helped the organization save significantly as the final deployment costs were half of the budgeted amount.
* Additionally, Martin Memorial saved $600,000 in overtime costs within one year of the Kronos implementation and expects to save an additional $380,000 through reduced agency costs.
* Kronos also enables electronic self-service capabilities, boosting staff morale by allowing employees to select their shifts online and eliminating paper schedules.
Supporting Quotes
* Karen Ripper, senior vice president and administrator, chief nursing officer, Martin Memorial Health
“We selected Kronos to have a centralized solution with complete automation and real-time capabilities. Controlling labor costs and boosting staff morale through a fair and consistent system ensures the highest level of productivity, which is essential for quality care delivery. We also achieved swift ROI with Kronos in just one year and we’re looking forward to more results.”
* Brian Graves, global practice leader of healthcare, Kronos
“Martin Memorial Health Systems is committed to embracing the best practices in workforce management to support the delivery of quality care. Simplifying workforce processes, improving workforce productivity, and controlling labor costs are cornerstones of effective workforce management, which the organization has successfully put into effect in just one year. We are committed to helping Martin Memorial for long-term success and productivity gains.”
Supporting Resources
* About Martin Memorial Health Systems
About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.
© 2009 Kronos Incorporated. Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Source: Kronos
MicroStrategy’s Report Services Product Rated “Excellent” by Leading Industry Analyst Firm
MicroStrategy 9 Offers New Self-service Reporting Features for Business Users
McLean, Va., (April 14, 2009) –
MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that MicroStrategy’s Report Services product was rated “Excellent” by Gartner, Inc. in its recent report, Critical Capabilities for Business Intelligence Reporting1. The Critical Capabilities report is a comparative analysis which scores competing products against a set of critical differentiators identified by Gartner. To view the entire Gartner report, compliments of MicroStrategy, visit www.microstrategy.com/GartnerBIReporting2009.com.
“MicroStrategy’s powerful reporting platform is designed for business user productivity, with an intuitive, user-friendly Web interface,” said MicroStrategy’s COO, Sanju Bansal. “We have recently released a significantly enhanced version of our software, MicroStrategy 9. MicroStrategy 9 offers compelling new reporting functionality that puts even more control in the hands of business people to access the information they need without relying on support from IT personnel.”
MicroStrategy’s enterprise reporting engine delivers a full range of report formats, including dashboards, scorecards, financial reports, customer invoices and statements, and highly detailed operational reports. Some of the new MicroStrategy 9 reporting features allow people to:
* Develop reporting applications in less than one day
* Build reports with easy-to-use templates and tools that are intuitive to Microsoft Office users
* Deliver time-critical business information to colleagues with automated exception reports
* Assemble report data from any source across the company with new Multi-source ROLAP functionality
* Present reports in the local language of the business user viewing the information
* Make faster decisions by interactively exploring cause-and-effect on any data with performance dashboards
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (Nasdaq: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy 9, and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
About the Gartner Critical Capabilities Report
The Critical Capabilities report is copyrighted February 18, 2009 by Gartner, Inc. and is reused with permission. The Critical Capabilities report is a comparative analysis which scores competing products against a set of critical differentiators identified by Gartner. Gartner does not endorse any vendor, product or service depicted in the Critical Capabilities report, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1Gartner, Inc. “Critical Capabilities for Business Intelligence Reporting” by James Richardson, Kurt Schlegel, Rita L. Sallam, Feb. 18, 2009
MicroStrategy, MicroStrategy Report Services, MicroStrategy 9 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy