Monday, October 29, 2012 5:58:51 PM
MicroStrategy Announces Third Quarter 2012 Financial Results
TYSONS CORNER, Va., Oct. 29, 2012 /PRNewswire/ -- MicroStrategy® Incorporated (Nasdaq: MSTR), a leading global provider of business intelligence (BI) software, today announced financial results for the three-month period ended September 30, 2012 (the third quarter of its 2012 fiscal year).
Third quarter 2012 revenues were $143.2 million versus $141.7 million for the third quarter of 2011, a 1% increase. Product licenses revenues for the third quarter of 2012 were $31.7 million versus $39.3 million for the third quarter of 2011, a 19% decrease. Product support and other services revenues for MicroStrategy's core BI business for the third quarter of 2012 were $104.3 million versus $96.6 million for the third quarter of 2011, an 8% increase.
Operating expenses for the third quarter of 2012 were $99.0 million versus $103.5 million for the third quarter of 2011, a 4% decrease. The decrease in operating expenses was primarily driven by a reduction in sales and marketing expense. In addition, during the third quarter of 2012, MicroStrategy capitalized $3.1 million in costs associated with the development of its MicroStrategy 9.3 software versus $0.5 million in costs capitalized during the third quarter of 2011 associated with the development of its MicroStrategy 9.2.1 software.
Net income for the third quarter of 2012 was $4.8 million, or $0.43 per share on a diluted basis, compared to $4.9 million, or $0.44 per share on a diluted basis, for the third quarter of 2011. Third quarter 2011 net income included a $3.4 million pre-tax gain on the sale of an equity investment.
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
Recent MSTR News
- Google Cloud and Solana Launch Gameshift for Web3; Ethereum ETFs Face $79 Million Outflows, and More in Crypto • IH Market News • 09/24/2024 07:20:56 PM
- Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More • IH Market News • 09/23/2024 10:32:25 AM
- Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4 • IH Market News • 09/20/2024 08:10:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 01:04:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 12:04:29 PM
- MicroStrategy Completes $1.01 Billion Offering of 0.625% Convertible Senior Notes Due 2028 • Business Wire • 09/20/2024 12:00:00 PM
- SIX Plans Institutional Exchange; Former Coinbase Execs Launch TrueX; River Enhances Transparency with Proof of Reserves • IH Market News • 09/18/2024 06:46:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 12:11:52 PM
- MicroStrategy Announces Pricing of Offering of Convertible Senior Notes • Business Wire • 09/18/2024 12:00:00 PM
- MicroStrategy Announces Conditional Full Redemption of 6.125% Senior Secured Notes due 2028 • Business Wire • 09/16/2024 08:05:00 PM
- MicroStrategy Announces Proposed Private Offering of $700 Million of Convertible Senior Notes • Business Wire • 09/16/2024 08:05:00 PM
- Worldcoin Integrates World ID with Solana; cbBTC Hits $103 Million; SEC Expands Binance Lawsuit, Adds New Tokens as Securities • IH Market News • 09/13/2024 06:55:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 12:01:00 PM
- Nansen Acquires StakeWithUs; Polygon Labs Launches Crypto Chip; Bitcoin ETFs See Positive Inflows • IH Market News • 09/10/2024 03:11:09 PM
- Travala Now Available on Skyscanner, Siemens Issues New Digital Bond on Blockchain, Bitcoin Volatility on Thursday • IH Market News • 09/05/2024 06:09:29 PM
- Crypto.com and PayPal Partner Up, OpenSea Receives Wells Notice, Bitcoin ETFs Record Largest Monthly Outflow • IH Market News • 08/28/2024 07:43:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 08:25:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:50:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:45:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 08:14:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 08:53:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 08:11:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 09:02:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 08:08:49 PM
- NYSE and Nasdaq Pull ETF Options Requests, 75% of Bitcoins Remain Inactive, MakerDAO Halts WBTC Loans • IH Market News • 08/16/2024 07:25:47 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM