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MicroStrategy Reports Fourfold Jump In Earnings

MicroStrategy Inc. reported a fourfold increase in earnings for the second quarter, and a 14 percent increase in revenues.
MicroStrategy Inc. on Tuesday reported a fourfold increase in earnings for the second quarter, and a 14 percent increase in revenues.

The McLean, Va.-based, business intelligence software maker said net income for the quarter, based on generally accepted accounting principles, was $11.4 million, or 67 cents a share, compared with $2.3 million, or 16 cents a share, for the same period a year ago.

Revenues for the quarter ended June 30 were $49.9 million, compared with $43.6 million a year ago.

“MicroStrategy has benefited from a very robust new product cycle, with three new product launches since last November,” Michael J. Saylor, chairman and chief executive of MicroStrategy, said in a statement. “June's release of a Unix-based version of our platform, MicroStrategy 7i Universal Edition, marked another important milestone, opening up a significant new marketplace sector to MicroStrategy.”

For the full year, MicroStrategy forecast revenues from $190 million to $202 million, and net income from $33.1 million to $38.3 million. Earnings based on GAAP are expected to be from $1.95 to $2.20 a share.

For the third quarter, the company expects revenues from $43 million to $47.5 million, net income from $2.6 million to $7 million, and earnings based on GAAP from 15 cents to 40 cents a share.