Kronos® Incorporated today announced that Aker Philadelphia Shipyard has achieved more than $660,000 in savings by using Kronos human resources and payroll applications
LONG BEACH, Calif.
Kronos® Incorporated customer Karen Mantel, manager of payroll and retirement at STIHL Inc., will present with Kronos partner, Steve Levy, principal of Axsium Group, on the organizational impact of an enterprise-wide workforce management implementation
USA (May 18, 2009) –
What:
Kronos® Incorporated customer Karen Mantel, manager of payroll and retirement at STIHL Inc., will present with Kronos partner, Steve Levy, principal of Axsium Group, on the organizational impact of an enterprise-wide workforce management implementation. Their presentation will demonstrate how such technology can enable payroll departments to transition from an administrative function to a business partner, supporting business objectives through labor cost control and improved workforce productivity.
When:
Tuesday, May 19, 2009, 8:00 a.m. PT
Where:
American Payroll Association (APA) Annual Congress Long Beach, California; Long Beach Convention Center, Promenade 203AB Kronos is exhibiting in booth # 427
Why:
STIHL Inc., a manufacturer of the world’s largest-selling brand of chain saws, is a longstanding Kronos time and attendance customer. Mantel will provide payroll professionals with best practice information on successfully implementing workforce management to drive organizational benefits and ROI.
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.
About STIHL Inc.
STIHL Inc. manufactures the world’s largest selling brand of chain saws and cut-off machines and produces a full line of powerful, lightweight, and versatile handheld outdoor power equipment for homeowners and professional users. STIHL products are sold through independent servicing power equipment retailers from coast to coast – not mass merchants. STIHL products sold through U.S. STIHL dealers are for distribution in the U.S. only. For more information or for the name of the closest STIHL retailer call toll free 1-800-GO STIHL (1-800-467-8445) or visit the STIHL Web site at www.stihlusa.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® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Spartan Stores, Inc., (NASDAQ: SPTN), has expanded its deployment of MicroStrategy to provide enhanced reporting capabilities for its retail operations and distribut
McLean, Va., (May 13, 2009) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that Spartan Stores, Inc., (NASDAQ: SPTN), has expanded its deployment of MicroStrategy to provide enhanced reporting capabilities for its retail operations and distribution network. Spartan Stores is the nation’s tenth largest grocery distributor.
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. MicroStrategy is utilized by BI users throughout the organization, including the CEO, executive management, regional District Managers, as well as personnel in finance, marketing, merchandising, and supply chain management.
“With MicroStrategy, we are able to analyze a tremendous amount of information in a quick and easy manner,” said David Couch, Chief Information Officer of Spartan Stores. “MicroStrategy provides approximately 80% of our retail operations and sales reporting. We appreciate its reliability, ease-of-use, and integrated reporting, and we believe that MicroStrategy is the best value BI software available on the market today.”
“MicroStrategy is an excellent fit for retailers with large amounts of data and diverse user populations,” said Sanju Bansal, MicroStrategy’s Chief Operating Officer. “Our scalable BI platform helps retailers analyze their data for enhanced insights into business areas such as sales trends, inventory management, store operations, and customer loyalty. We are delighted that Spartan Stores selected MicroStrategy to support its expanding BI applications.”
About Spartan Stores
Grand Rapids, Michigan-based Spartan Stores, Inc., (NASDAQ: SPTN) is the nation’s tenth largest grocery distributor with warehouse facilities in Grand Rapids and Plymouth, Michigan. The Company distributes more than 40,000 private-label and national brand products to more than 350 independent grocery stores in Michigan, Indiana and Ohio. Spartan Stores also owns and operates 100 retail supermarkets in Michigan, including D&W Fresh Markets, Family Fare Supermarkets, Felpausch Food Centers, Glen’s Markets, and VG’s Food and Pharmacy and 18 gas stations.
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 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.
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
Grocer uses scheduling solution following fast payback from time and attendance system
CHELMSFORD, Mass. (May 12, 2009) –
Kronos® Incorporated today announced that United Supermarkets is using its employee scheduling application to enhance customer service and drive store productivity by accurately matching staffing levels to store traffic patterns.
News Facts
*
United Supermarkets achieved favorable results and a fast payback using a time and attendance solution from Kronos. As a result of the positive experience, the retailer extended its relationship with Kronos to include employee scheduling.
*
United Supermarkets is implementing the Kronos scheduling application across 50 stores to optimize labor scheduling by accurately forecasting business needs and calculating labor requirements.
*
United Supermarkets previously used a partially automated process to create employee schedules for a variety of departments. Other departments manually scheduled employees. With the Kronos scheduling solution, United Supermarkets is poised to anticipate the demands that impact its workforce across each store, thus driving store productivity by minimizing over- and under-staffing.
*
United Supermarkets will use the Kronos application to schedule front-end, bookkeeper, fuel, and food service employees, and plans to eventually use Kronos to schedule all departments.
* The forecasting capabilities of the solution will leverage each store’s historical trends, traffic patterns, and labor standards to derive accurate sales and labor plans which, when combined with actual labor spend, will enable enterprise visibility and control of store productivity. The scheduling application will also help ensure compliance with labor laws, union rules, and corporate/store policies.
Supporting Quotes
*
Chris St. Clair, chief information officer and vice president, United Supermarkets
“Our growth and success are the result of our unwavering commitment to service. Our use of Kronos ties directly to this commitment because excellent customer service begins with a productive and well-managed workforce. After experiencing very favorable results and a fast payback on our time and attendance project, we knew Kronos could successfully help us optimize labor scheduling in our stores.”
*
John Anderson, director, industry marketing, Kronos
“United Supermarkets is one of many forward-thinking food retailers that are implementing optimized scheduling to drive results at store-level. The leadership team at United Supermarkets realizes the direct correlation between store productivity and the customer experience. Using Kronos workforce management solutions will enable United Supermarkets to control labor costs, minimize compliance risk, and improve workforce productivity.”
Supporting Resources
* About United Supermarkets
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
BI Reporting From WebFOCUS to Help in Revitalization Efforts
NEW YORK, NY (May 11, 2009) –
Information Builders, the leader in business intelligence (BI) solutions, today announced that the City of Richardson, Texas, is using its WebFOCUS BI platform to create a citywide reporting environment for departments as diverse as police, finance, and human resources. WebFOCUS reports are being used by every department in the city, helping city workers find the information they need to better support revitalization projects.
With a population of about 100,000 citizens, the City of Richardson sought to upgrade much of the city’s infrastructure which included updating information systems in addition to civic projects. Regarding IT, most city departments were using out-of-date BI software from Crystal Reports. The cumbersome reporting system made it difficult to access, combine, and distribute information, delaying the city’s revitalization projects. The city needed a scalable reporting environment that could easily translate large amounts of information into meaningful reports for decision-makers across several departments.
The city turned to Information Builders WebFOCUS platform for an effective reporting system that could accommodate Richardson’s diverse needs. The new system integrates reporting with GIS mapping from ESRI GIS software, creating important visualization capabilities. After converting Crystal Reports to WebFOCUS, city workers immediately experienced the benefits with a variety of informative reports. Every department in the city currently runs at least one WebFOCUS report, and many departments run several. In total, more than 500 city workers depend on WebFOCUS to run between 150 and 200 reports.
“While Richardson works toward revitalization, there is an increased need for timely, accurate information to help make real-time decisions regarding city resources,” said Eric Matthews, deputy CIO for the City of Richardson. “With WebFOCUS, we put the right tools in place to improve citywide communication and are reaching many of the city council’s goals for neighborhood improvements. To date, the reporting environment has provided impressive ROI with savings in both time and money.”
The City of Richardson is truly a business intelligence community. City administrators use the BI platform throughout departments including accounting, budgeting, building inspection, municipal court, police, fire, and neighborhood protection. Some departments, such as Neighborhood Services, have even created external reports for the general public. The group, charged with enforcing city codes and enhancing communication with citizens, uses WebFOCUS to maintain a running history of citations for citizens to view. WebFOCUS provides details about citations issued and all follow-up activity so that citizens can see, for example, what inspectors are doing about an abandoned car parked on a neighbor’s lawn. Publishing this type of information reassures citizens that, not only is the city writing tickets, but also following through on neighborhood issues until they are resolved.
WebFOCUS is a vital tool for Richardson’s fire and police departments. The fire stations use reports to track the operational status of fire hydrants. This task was previously done manually, but now all stations share a digital map linked to a database of information about the status of city hydrants. Police chiefs throughout the city leverage a mobile reporting environment that delivers relevant crime data to their BlackBerrys. For example, officers can obtain information about the criminals being held in the city’s jail, including specific details of each person’s incarceration. Police and fire chiefs can also track active 911 calls with their mobile devices, discovering the status of active patrol cars, fire trucks, and ambulances.
“Cities like Richardson, with complex infrastructures, benefit enormously from increased information access,” said Gerald Cohen, CEO of Information Builders. “The city was able to leverage business intelligence technology from WebFOCUS to empower city officers and city employees to make well-informed more timely decisions. These decisions are keeping revitalization initiatives both on track and on budget. Staff members across the city have the information they need to better support revitalization efforts and run the city more efficiently.”
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
Kronos announces second-quarter Fiscal 2009 momentum
USA (May 11, 2009) –
Kronos® Incorporated today announced financial results, company advancements, and customer successes for the second quarter of Fiscal 2009. Kronos revenue for the quarter was $159.7 million. Earnings before interest, tax, and amortization (EBITA) were $31.8 million.1
“Demand for our workforce management solutions remains strong in spite of the bleak economy. The critical business issues that we address — control labor costs, minimize compliance risk, and improve workforce productivity — intensify during times like these,” said Aron Ain, Kronos chief executive officer. “Because we solve real problems and deliver real results, we’re poised for success during the current economic turbulence and will emerge stronger than ever when the economy turns around.”
News Facts
* Kronos delivered three major products during the quarter.
o The latest version of Workforce Central® is in high demand for its ease-of-use enhancements and deep functionality. Major advancements include enhanced ERP integration; lower total cost of ownership; complete automation of various workforce management business processes; and additional global capabilities.
o The Workforce Acquisition(TM) hiring solution now includes advanced selection science for long-term care organizations, as well as support for field/hourly hiring in the UK.
o Marking a major release of its time and attendance solution for small- and mid-sized businesses in Europe, Kronos delivered the latest version of Kronos Efficient(TM).
* Demand for high-quality information and complete automation of workforce management processes is driving interest in Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and analytics applications.
o County of Guilford, the third-largest county in North Carolina, chose to automate time and attendance, scheduling, and absence management for 2,700 employees in all departments. The automation of time and attendance functions will be integrated with the overall effort to implement a new payroll system for the county.
o Finning International Inc, the world’s largest Caterpillar equipment dealer, headquartered in Vancouver, British Columbia, Canada, selected Kronos for time and attendance as part of a global deployment of its new ERP solution.
o Mt. Rogers, a national recreation area with 800 employees, purchased HR and payroll applications in an effort to trim five percent of administrative costs.
o Wellstar Health System, a five-hospital system in Georgia, selected time and attendance, scheduling, absence management, and analytics for 11,000 employees.
o Yale University purchased a 16,000-employee license for time and attendance, absence management, and analytics for use across 150 departments.
* More organizations are choosing Kronos to extend the value of their existing ERP application.
o City of Denver, Colo., purchased time and attendance, scheduling, labor activities and absence management applications for use by 13,000 employees in 50 government agencies. The city selected Kronos to replace a previously purchased time and labor system from a leading ERP vendor, citing issues with time-to-value.
o New Mexico Department of Health Facilities Management chose to automate its time and attendance processes with Kronos to reduce payroll inflation and consistently enforce compliance requirements. The granular view of time and attendance data provided by the Kronos solution will help the Department of Health reduce compliance risk and minimize unnecessary overtime. The Kronos application will work in conjunction with the State of New Mexico investment in PeopleSoft.
o One of the largest non-profit public health systems in the U.S. chose to remove the time and labor application from PeopleSoft/Oracle in exchange for Kronos, citing a desire for more complete automation of the time and attendance function without costly customization.
* Global demand remains strong despite weak economy.
o The UK had a very strong quarter with a large number of new customer contracts. Customer wins included: Accor, a European hospitality company and Alstom, a global leader in the world of power generation.
o Customer wins in Australia included DFS, a leading luxury retailer catering to the travelling public; Linfox, a supply chain solutions provider; and Southern Health, a large metropolitan health service.
o Customer wins in China included automotive supplier ArvinMeritor, an existing Kronos customer across multiple regions. In addition, Kronos entered the China healthcare market by securing a contract with United Family Hospitals and Clinics (UFH), one of the top healthcare service providers in China.
o In India, business is increasingly coming from organizations that have realized deficiencies in how their ERP system handles local, country-specific workforce management business processes. Customer wins included GMR Group, India’s leading infrastructure developer; Firstsource, a global business process outsourcer; and Viraj Profiles Limited, one of the world’s largest producers of stainless steel products.
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 Workforce Central are registered trademarks and Workforce Acquisition and Kronos Efficient are trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Footnote 1: Revenue excludes purchase accounting adjustments related to the company going private in June 2007 and its acquisition of Unicru and Captor businesses in 2006 and 2007. EBITA excludes purchase accounting adjustments, FAS 123R charges, and non-recurring one-time charges.
Source: Kronos
Enables customers to easily and cost-effectively extend increased value of their ERP investments
ORLANDO
–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
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
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