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MicroStrategy and Veeam announce 2012 Q1 financial results

MicroStrategy and Veeam announce 2012 Q1 financial results

Both experience profits

The first quarter 2012 revenue for business intelligence (BI) software vendor, MicroStrategy Incorporated, has increased by 19 per cent – from $122.0 million in Q1 last year to $145.1 million, the company reported.

For the three-month period ending March 31, tsphe company reported high growth levels in its product licenses and product support and other services revenues – $37.5 million in revenue for product licenses (from $27.4 million in Q1 2012) and $100.9 million in product support and other services revenues (from $87.8 million in Q1 2012).

However, operating expenses increased by 20 per cent since the same time last year, from $87.8 million to $105.6 million. MicroStrategy attributed the hike to increased headcount and related expenses, particularly for engineering personnel and its capitalisation of $3.8 million in costs associated with the development of its MicroStrategy 9.2 software.

Net income for the first quarter of 2012 dropped from $1.1 million, or $0.10 per share on a diluted basis, for the first quarter of 2011 to $0.3 million, or $0.02 per share on a diluted basis.

As of March 31, MicroStrategy had cash and cash equivalents of $211.1 million versus $199.6 million as of December 31, 2011 – an increase of $11.5 million. It also had 8,558,337 shares of class A common stock and 2,281,125 shares of class B common stock outstanding as of March 31.

Virtualisation management vendor, Veeam, also reported triple-digit growth for Q1 2012.

Total bookings revenue grew 108 per cent in Q1 2012 compared to the same period in 2011, and new license bookings revenue increased 103 per cent over the same period.

In A/NZ, total bookings YoY revenue grew 112 per cent, while new license revenue increased by 100 per cent from Q1 2011.

The company has also recently released 24/7 real-time monitoring, resource optimisation, and management reporting for VMware vSphere and Windows Server Hyper-V, Veeam ONE v6; a free System Centre 2012 monitoring solution for VMware, Veeam Management Pack TM1 (MP) 10-Pack; and broad support for System Center 2012 to help customers manage and protect private Clouds that include Windows Server Hyper-V, VMware or both.


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