A Sliver Of Black For MicroStrategy's First Quarter - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

A Sliver Of Black For MicroStrategy's First Quarter

The business-intelligence software maker comes back from a loss a year ago, but sales are down.

MicroStrategy Inc. is in the black--barely. Monday, the business-intelligence software vendor reported that it had eked out a first-quarter profit, despite slower sales.

MicroStrategy reported net income of $428,000 for the quarter ended March 31, a marked improvement over the $22.7 million loss it recorded a year ago. But sales were $35.7 million, down 28% compared with $49.4 million last year. License revenue, a key indicator of future growth, was down 22%, to $14.5 million.

Still, the company says it continues to attract new customers--109 in the quarter, representing about half of all sales. That, chief operating officer Sanju Bansul says, indicates that the company is "maintaining and building MicroStrategy mindshare."

Deep spending cuts last year helped the company return to profitability. MicroStrategy's spending for sales and marketing, research and development, and general administration, for example, are all roughly half what they were a year ago. The company has been struggling since it restated 1998 and 1999 financial results because of accounting irregularities. It's been slashing costs and laying off workers in the aftermath as it focuses on business-intelligence products.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Commentary
Is Cloud Migration a Path to Carbon Footprint Reduction?
Joao-Pierre S. Ruth, Senior Writer,  10/5/2020
News
IT Spending, Priorities, Projects: What's Ahead in 2021
Jessica Davis, Senior Editor, Enterprise Apps,  10/2/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll