MicroStrategy Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2011
January 30, 2012 at 01:00 pm
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MicroStrategy Inc. announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2011. For the quarter, the company reported total revenues of $160,266,000 against $139,120,000 a year ago. Income from operations before income taxes was $9,680,000 against $19,749,000 a year ago. Net income was $9,000,000 or $0.81 per diluted share against $17,922,000 or $1.60 per diluted share a year ago.
For twelve months, the company reported total revenues of $562,150,000 against $454,577,000 a year ago. Income from operations before income taxes was $19,300,000 against $54,960,000 a year ago. Net income was $17,940,000 or $1.62 per diluted share against $43,792,000 or $3.72 per diluted share a year ago. Net cash provided by operating activities was $56,307,000 against $75,825,000 a year ago. Purchases of property and equipment were $40,660,000 against $16,289,000 a year ago.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.