Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MicroStrategy Inc. (MSTR) -- Ignore unavailable to you. Want to Upgrade?

To: Brad Rogers who wrote (231)	10/29/1998 4:23:00 PM
From: Beltropolis Boy	Respond to of 717

MicroStrategy Reports 83% Revenue Growth for Third Quarter October 29, 1998 04:07 PM VIENNA, Va.--(BUSINESS WIRE)--Oct. 29, 1998-- Net Income Increased Almost 300% Versus Corresponding Quarter Last Year MicroStrategy Incorporated (MSTR), a leading worldwide provider of mission-critical decision support systems, today announced revenues of $27.0 million for the third quarter ended September 30, 1998. This represents an 83% increase over the corresponding quarter the previous year. Net income for the quarter was $1.9 million, or $0.05 per share on a diluted basis, representing a 297% increase over the corresponding quarter last year. Revenues for the nine months ending September 30, 1998 were $70.7 million, representing an 103% increase over the corresponding period a year ago. Net income for the current nine-month period was $3.4 million, or $0.09 per share on a diluted basis, versus a loss of $0.4 million for the same period a year ago. "We are pleased to announce our 11th consecutive quarter of increased revenues," said Michael J. Saylor, president and CEO of MicroStrategy. "Our growth rate indicates that MicroStrategy continues to further its position as a leading platform for the development and deployment of e-business and decision support solutions. More Global 2000 customers are choosing MicroStrategy to gain business intelligence and deliver value to all internal and external constituents who touch their business." Quarterly Highlights The following highlights were announced or occurred during MicroStrategy's third quarter of 1998: -- MicroStrategy announced the general availability of DSS Broadcaster(tm), a powerful Information Broadcast Server that leverages existing and emerging communication channels to extend access to information throughout the enterprise and beyond. DSS Broadcaster unleashes the value of data warehouse investments with active decision support: the ability to deliver personalized business analyses on a need-to-know basis. In conjunction with this announcement, MicroStrategy successfully completed a 35-city seminar series with IBM entitled "The Active Data Warehouse." -- MicroStrategy announced updated versions of both DSS Web(tm) and DSS Agent(tm), enhancing the most advanced suite of products for the development and deployment of large-scale decision support and e-business applications. -- MicroStrategy won several industry awards during the third quarter ended September 30, 1998. The company was selected for a 1998 FastTrack Award and was recognized by The Red Herring magazine as one of the 100 best technology companies of 1998. MicroStrategy was ranked No. 15 on DM Review magazine's Data Warehousing 100. MicroStrategy and ICL Retail Systems announced that their joint customer, Camelot Music Holdings, Inc. received the first place honor in the 1998 Retail Innovation Technology Awards (RITA). Finally, MicroStrategy and its customers MCI Communications and NDC Health Information Services were named as finalists for the 1998 RealWare Awards sponsored by Intelligent Enterprise magazine. -- During the third quarter, MicroStrategy acquired 50 new customers across a broad range of industries. Major new customer acquisitions included Campbell Soup Company, Salomon Smith Barney, R.J. Reynolds Tobacco Company, Royal Bank of Canada, Emory Healthcare, Nine West Group, Inc., and Buena Vista Home Entertainment. -- MicroStrategy entered into agreements with over 30 system integration, application development and platform partners during the quarter increasing the number of partners supporting the company's decision support platform to over 140.