MicroStrategy Cited as Fastest Growing Top 10 Business Intelligence Vendor, According to Leading Industry Analyst Firm
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that IDCâ??s Worldwide Business Intelligence 2004 Vendor Shares report identified MicroStrategy as the fastest-growing top 10 Business Intelligence software vendor for the sec
McLean, Va., (July 27, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that IDC’s Worldwide Business Intelligence 2004 Vendor Shares report identified MicroStrategy as the fastest-growing top 10 Business Intelligence software vendor for the second year in a row, with software license and maintenance revenue growth of 32.8% in 2004 and 24.0% in 2003.
According to the IDC report, MicroStrategy’s results during these periods have been based on a strong focus on its core strength in highly scalable business intelligence deployments. The IDC report also cited the company’s legacy as the primary relational OLAP (ROLAP) vendor and noted that MicroStrategy has also been on the leading edge in user interface development for both end users and developers.
“The robust interactivity and visualization of MicroStrategy’s reporting environment can certainly be considered best of breed,” said Dan Vesset of IDC. “With the introduction of MicroStrategy 8 earlier this year, MicroStrategy is offering an integrated platform for reporting and analysis with an intuitive Web interface tailored for the mainstream business user. In addition, the user-friendly report design and editing capabilities make it a strong option for organizations looking to deploy business intelligence throughout their enterprise.”
“MicroStrategy is proud of its revenue growth and technology advancements,” said MicroStrategy’s COO Sanju Bansal. “We are also delighted with the positive response from our customers and industry analysts to MicroStrategy 8 and its enhanced user interface. While MicroStrategy has long been known for innovative technology and exceptional user and data scalability, the newly designed Web interface of MicroStrategy 8 makes business intelligence more accessible to the average business user.”
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks that could cause MicroStrategy’s actual results to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the ability of MicroStrategy to implement and achieve widespread customer acceptance of its software on a timely basis; delays in MicroStrategy’s ability to develop or ship new products; market acceptance of new products; competitive factors; currency fluctuations; and other risks detailed in MicroStrategy’s periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy