New Customers Spark MicroStrategy Growth - 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

New Customers Spark MicroStrategy Growth

MicroStrategy Inc. today posted strong fourth-quarter earnings, representing a 90% increase over the corresponding quarter the previous year.

The decision-support software maker, which went public in June 1998, announced revenue of $35.7 million for the fourth quarter ended Dec. 31, up from $18.7 million in the fourth quarter of 1997. Its 1998 revenue was $106.4 million, a 98.7% increase over revenue of $53.5 million the year before.

Net income for 1998 was $6.2 million, or 16 cents per share, on a diluted basis, vs. net income of $100,000 in 1997, the company said.

MicroStrategy attributed its positive growth in the fourth quarter to several new customer wins, including a $4.5 million software licensing deal with ShopKo Stores. The company also signed a multimillion-dollar deal with Eckerd Pharmacy, which will standardize on MicroStrategy's Web-based analysis platform for its enterprise business-intelligence system, the company said.

Overall, the company acquired 38 new customers, such as Air Canada, Ameritrade Holding Companies, Blockbuster Entertainment, the Capital Group Companies, and Vodafone.

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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Study Proposes 5 Primary Traits of Innovation Leaders
Joao-Pierre S. Ruth, Senior Writer,  11/8/2019
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
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