MicroStrategy's Q4 2004 Revenue Increases 39% Over Q4 2003 and Operating Margin Rises to 38% in Q4 2
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MicroStrategy's Q4 2004 Revenue Increases 39% Over Q4 2003 and Operating Margin Rises to 38% in Q4 2004
MicroStrategy Ends 2004 With USD 132,5 Million in Cash Plus Short and Long-Term Investments, an USD 80,6 Million Increase Over 2003
MCLEAN/UTRECHT, 27 of January - MicroStrategy Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced its financial results for the three- month period ended December 31, 2004 (the fourth quarter of its 2004 fiscal year) and for the full year ended December 31, 2004.
Fourth quarter 2004 revenue was USD 71,6 million versus USD 51,7 million in the fourth quarter of 2003, a 39% increase. License revenue for the quarter was USD 34,1 million versus USD 23,4 million in the fourth quarter of 2003, a 46% increase. Net income for the fourth quarter of 2004, determined in accordance with GAAP, was USD 24,5 million, or USD 1,43 per share on a diluted basis. Fourth quarter 2004 income from operations was USD 27,2 million, or 38% of revenue, versus USD 12,5 million, or 24% of revenue, in the fourth quarter of 2003. MicroStrategy's cash plus short and long-term investments at the end of the fourth quarter of 2004 was USD 132,5 million versus USD 51,9 million at the end of the fourth quarter 2003.
Full year 2004 revenue was USD 231,2 million versus USD 175,6 million in 2003, a 32% increase. License revenue for the full year 2004 was USD 97,0 million versus USD 77,2 million in 2003, a 26% increase. Net income for the full year 2004, determined in accordance with GAAP, was USD 168,3 million, or USD 9,83 per share on a diluted basis. The full year 2004 tax benefit of USD 99,0 million included a net non-cash benefit of USD 102,1 million related to the release of the Company's U. S. and Canadian deferred tax asset valuation allowance and the utilization of non-cash U. S. deferred tax assets. Full year 2004 income from operations was USD 68,5 million, or 30% of revenue, versus USD 28,0 million, or 16% of revenue, in 2003.
"MicroStrategy delivered another strong quarter, with record revenues, excellent operating margins, and outstanding license revenue growth," said MicroStrategy President and CEO Michael Saylor. "Sales execution was excellent, and we continued to drive operational efficiency throughout our business. MicroStrategy benefited from a robust new product cycle, including the release of MicroStrategy Report Services, MicroStrategy Office, and MicroStrategy Universal in the past fourteen months. With the scheduled release next week of MicroStrategy 8, we believe we are well positioned for another solid year in 2005. "
You can read MicroStrategy's full 2004 Financial results at:
http://www. corporate-ir. net/ireye/ir_site. zhtml?ticker=mstr&script=410&layout=-6&item_id=667799
Do you want more information about Microstrategy, or an interview with Michel Haagmans, country manager Microstrategy Benelux, please contact Yves Van Seters at Luna: +32 2 658 02 93 or yves@luna. be
Founded in 1989, MicroStrategy (Nasdaq: MSTR) is a worldwide leader in the business intelligence software market. Leading Fortune 2000 companies are increasingly integrating MicroStrategy's business monitoring, reporting, and analysis software into their operations. The MicroStrategy Business Intelligence Platform distills vast amounts of data into vital insight to help drive cost-efficiency, revenue-generation, and productivity. Top companies are using MicroStrategy to cost-effectively empower thousands of employees, partners, and suppliers with the business insight they need to make better business decisions everyday. MicroStrategy's enterprise-class customers include General Motors, Yahoo!, Visa International, Telecom Italia, AT&T Wireless Group, Sanofi Aventis, Generali Insurancegroup and the FBI. MicroStrategy also has relationships with over 300 systems integrators and application development and platform partners, including IBM, HP, PeopleSoft, Sun, and Teradata, a division of NCR. For more information, visit MicroStrategy's Web site at http://www. microstrategy. com.
Or contact MicroStrategy Benelux: +31 (0)30 2408116.