MicroStrategy's Losses Narrow In Second 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

MicroStrategy's Losses Narrow In Second Quarter

MicroStrategy shows signs of recovery as losses narrow in second quarter.

MicroStrategy Inc. (MSTR-Nasdaq) is showing signs of recovering from last year's financial debacle. The business-intelligence-software vendor Tuesday said that losses in its second quarter, ended June 30, narrowed from a year ago and sales held relatively steady despite the sagging economy.

Total revenue for the period was $49.2 million, down only 2% from last year. Product license revenue was $21.2 million, down 3% from the same period a year ago. "Our core business of business-intelligence tools has been a pretty strong performer in this difficult business environment," CEO Michael Saylor said Tuesday during a conference call with investors. He contrasted the company's performance with other software vendors that have experienced steep drops in sales this year.

MicroStrategy continues to be awash in red ink, although managers are having some success in stemming the company's losses. On a pro forma basis, the company reported a $9.8 million net loss or 12 cents per share, compared with a pro forma net loss of $42.8 million, or 54 cents per share, one year ago. Net loss attributable to common shareholders was $5.6 million, or 7 cents per share, compared with $71.8 million, or 90 cents per share, in the same quarter last year.

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.
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Commentary
Enterprise Guide to Multi-Cloud Adoption
Cathleen Gagne, Managing Editor, InformationWeek,  9/27/2019
Commentary
5 Ways CIOs Can Better Compete to Recruit Top Tech Talent
Guest Commentary, Guest Commentary,  10/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!
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