MicroStrategy Announces First Quarter 2006 Financial Results
First Quarter Revenue Up 16% Year-Over-Year
MCLEAN, Va., April 27 /PRNewswire-FirstCall/ -- 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, 2006 (the first quarter of its 2006 fiscal year).
netfinity
First quarter 2006 revenue was $69.5 million versus $60.0 million for the first quarter of 2005, a 16% increase. This marked the thirteenth consecutive quarter of year-over-year revenue growth. Product licenses revenue for the first quarter of 2006 was $23.1 million versus $21.8 million for the first quarter of 2005, a 6% increase. Product support and other services revenue for the first quarter of 2006 was $46.4 million versus $38.2 million for the first quarter of 2005, a 21% increase. Operating expenses for the first quarter of 2006 were $39.0 million versus $32.8 million for the first quarter of 2005, a 19% increase which resulted primarily from an increase in worldwide employee headcount as well as the inclusion of approximately $404,000 in stock option compensation expense in connection with the implementation of the Financial Accounting Standards Board's Statement of Financial Accounting Standards Number 123(r). First quarter 2006 income from operations increased by 14% to $21.0 million, or 30% of revenue, compared to $18.5 million, or 31% of revenue, for the first quarter of 2005. Net income for the first quarter of 2006 was $15.0 million, or $1.05 per share on a diluted basis.
Stamps.com Reports First Quarter 2001 Financial Results Company reports 158% growth in revenue over first quarter 2000, with 39% gross margin and narrowed losses SANTA MONICA, Calif. April 17, Stamps.com™ ( STMP) today announced that revenue in the first quarter of 2001 was $5.3 million, an increase of 158% over the first quarter of 2000.
internet
Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers.
cheap computer
MicroStrategy's effective tax rate was 30.8% for the first quarter of 2006 compared to 23.2% for the first quarter of 2005. MicroStrategy intends to indefinitely reinvest undistributed 2006 foreign earnings. Accordingly, the annualized effective tax rate applied to our pre-tax income for the first quarter of 2006 did not include the effect of any provision for United States federal and state taxes on MicroStrategy's projected undistributed 2006 foreign earnings.
Nuance Communications, Inc. ( NUAN) today announced financial results for the fourth fiscal quarter ended September 30, 2007. Nuance reported revenues of $179.9 million in the quarter ended September 30, 2007, a 40 percent increase over revenues of $128.1 million in the quarter ended September 30, 2006. On a GAAP basis, Nuance recognized a net loss of $3.4 million, or $(0.02) per share, in the quarter ended September 30, 2007, compared with a net loss of $7.2 million, or $(0.04) per share, in the quarter ended September 30, 2006.
digital camera
Stamps.com Reports Second Quarter 2000 Financial Results Second Quarter Revenue Grows 80 Percent SANTA MONICA, Calif. July 13, Stamps.com today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. term investments ended the second quarter at $333.6 million, or $7 per share.
printer
"We are pleased with our financial and business progress in the first quarter. Our technical support renewal rates remained strong as we continued to expand our installed base of customers," said Arthur S. Locke, III, MicroStrategy's Vice President, Finance & Chief Financial Officer. "This is a tribute to the strength of our technology and the loyalty of our customers. Our results demonstrate solid fundamentals, with operating margins of 30% and operating cash flow of $29.8 million during the first quarter."
Tom Huntington DivX, Inc. 0672 DivX, Inc. Announces Preliminary Results for First Quarter of 2007> San Diego, - April 9, - DivX, Inc. ( DIVX) today announced that, based on preliminary information, tax earnings for the quarter ended March 31, 2007 will be higher than previous guidance. The Company expects that revenue for the quarter will be between $19.8 million and $20. tax earnings will be flat to up compared with the fourth quarter of 2006. On February 8, 2007, the Company had said that it expected first quarter revenue to be between $17.3 million and $19. tax earnings flat to slightly down compared to the fourth quarter of 2006. The Company plans to report complete quarterly results after the market closes on May 1, 2007.
xseries
maxtor
New Customers and New Deals with Existing Customers in Q1 2006 included:
data storage
hitachi
21st Century Insurance, Aperity, Applebee's International Inc., Cancer Care Ontario, Cardinal Glass Industries, Carl Warren & Co., Children International, Cingular Wireless, The Container Store, Inc., Cryptologic, Inc., CSK Auto Corporation, Danier Leather Inc., Dick's Sporting Goods Inc., The Donnelley Group, DoubleClick, eMedco, Grange Insurance, Ingenix, Katz Group Canada Ltd., The Marcus Corporation, N.E.W. Corp., Oakwood Homes, Playboy Enterprises, Priceline, Rheem Manufacturing, Shoppers Drug Mart, TRX Data Services Inc., Upsher-Smith Laboratories, Inc., Vcommerce, Inc., XM Satellite Radio Inc., and ZipRealty.
rational
websphere
Examples of Customer Deals from Q1 2006:
battery
it support
Children International
western digital
music
Established in 1936, Children International is a nonprofit humanitarian organization dedicated to bettering the lives of impoverished children, their families, and communities. Children International selected MicroStrategy to analyze, report, and deliver vital transaction information across its organization. Executives and administrative personnel use MicroStrategy to analyze active sponsorships, track advertising buys, and measure advertising response rates to enhance customer acquisition initiatives and strengthen customer loyalty. MicroStrategy was selected for its ease-of-use and outstanding performance. Children International is currently expanding its deployment of MicroStrategy enterprise-wide and doubling the number of business intelligence users as it transitions to a new enterprise resource planning (ERP) system.
networks
toner
Oakwood Homes
cheap laptops
wholesale
Oakwood Homes is Colorado's largest privately held hometown builder, with a 96 percent customer satisfaction rating and more than 8,000 satisfied households. MicroStrategy is the enterprise-wide reporting and analysis standard for Oakwood Homes, providing daily operational reports to employees across finance, HR, sales, and building operations. A MicroStrategy-powered extranet also helps trade partners, lenders, and realtors better serve the home buyers. Oakwood Homes is pleased with MicroStrategy's user friendly reporting environment and professional-looking report presentation. Recently, Oakwood Homes expanded its use of MicroStrategy with the deployment of reporting capabilities to business users across the company, giving them the flexibility to create their own reports to suit their specific requirements.
brother
netvista
ZipRealty
camera
networking
ZipRealty, a national full-service residential real estate brokerage firm, selected MicroStrategy to provide enhanced analysis of sales and marketing data. With MicroStrategy, ZipRealty corporate personnel can gain deeper insights into sales productivity, customer buying patterns, and housing market trends. ZipRealty plans to use MicroStrategy to analyze the effectiveness of its marketing programs and to make data-driven decisions on future marketing campaigns. ZipRealty selected MicroStrategy for its user friendly reporting features and its dynamic metadata architecture that automatically updates reports across the company.
sharp
cheap
MicroStrategy 8 Enhancements:
windows
monitors
MicroStrategy announced the latest release of MicroStrategy 8(TM) during the first quarter of 2006, featuring numerous enhancements that make it easier for customers to standardize on MicroStrategy for enterprise-wide reporting and analysis. MicroStrategy 8 now offers access to multi-dimensional data sources, including Microsoft Analysis Services and Hyperion Essbase, as well as access to the most popular open source databases, MySQL and PostgreSQL. The company continued to strengthen its position in 64-bit business intelligence with certification of MicroStrategy 8 on HP Integrity servers running HP-UX 11i, providing customers with a highly scalable and efficient architecture for large scale business intelligence deployments. MicroStrategy also extended its reporting capabilities with the addition of a graphical Query Builder interface for ad-hoc queries, offering new functionality for power users.
linux
computer support
New, Attractively-priced Business Reporting Packages:
used laptops
cameras
MicroStrategy recently announced the availability of new low-cost reporting software packages, with prices starting as low as $150 per named user. These reporting packages are bundles of existing MicroStrategy products, designed to deliver Pixel Perfect(TM) reporting to business users. Priced 30- 70% lower than MicroStrategy's full-featured a la carte products, these packages give report consumers the reporting features they require while taking advantage of MicroStrategy's outstanding scalability and reliability. Customers can economically deploy reporting applications to thousands of users against terabytes of data. Since the metadata is 100% compatible with MicroStrategy's full-featured product line, companies can leverage all of their reporting project investments including report definitions, security definitions, user roles, and user privileges, if and when they migrate to MicroStrategy's full-featured products.
scanners
panasonic
New OEM Partners:
workstation
iseries
Since January 2005, MicroStrategy has signed agreements with more than 15 new Original Equipment Manufacturer (OEM) partners. OEMs embed MicroStrategy's reporting and analysis engine into new product offerings or as an enhancement to existing solutions. They select MicroStrategy as their partner of choice due to the extensibility of the MicroStrategy Software Development Kit for embedding and integration, as well as MicroStrategy's state-of-the-art BI platform that provides a single technology foundation spanning the continuum of reporting and analytics. The new OEM partners include companies such as Amadeus International, Data 911 Systems, EmpowerMx, Razor Knowledge Systems, and Rivermine Software.
backup
information technology
MicroStrategy 2006 Symposia Series:
routers
180gxp
MicroStrategy launched its 2006 Symposia series with the Winter Symposium in Barcelona, Spain, February 6 - 8. These events offer an interactive venue for participants to share ideas with peers and industry experts, learn practical BI strategies from leading companies, and gain new insights from MicroStrategy's top technology leaders.
notebook battery
security
The Spring Symposia were held in Los Angeles, April 19 - 21, and Paris, April 24 - 26. At each event, MicroStrategy customers presented case studies demonstrating how they successfully deployed enterprise BI applications to improve business performance. The Los Angeles Spring Symposium included speakers from Victoria's Secret Direct, Cancer Care Ontario, BearingPoint, Oakwood Homes, and InQuira. At the Paris Spring Symposium, customer speakers included representatives from Boucheron, Lancel, Bledina, Materis Peintures, and MRM Worldwide. The upcoming Summer Symposia will be held in London, July 10-12, and New York City, July 17-19.
lotus
virus
About MicroStrategy Incorporated
thinkpad t42
thinkpad 600
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 http://www.microstrategy.com.
thinkpad 600e
thinkpad 570
MicroStrategy, MicroStrategy Report Services, MicroStrategy 8, Pixel Perfect, 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.
thinkpad 600x
thinkpad 390x
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 8 software on a timely basis; the Company's ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company's products in the marketplace; the timing of significant orders; delays in the Company's ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
thinkpad a31
Source: MicroStrategy
