Fresh off the launch of its mobile business intelligence apps for the Apple iPhone and iPad early last month, BI software maker MicroStrategy posted better-than-expected results for its most recent quarter.
Yet despite beating the Street — and trumpeting advancements in both its mobile offerings and its core MicroStrategy 9 Release 2 platform — the news wasn’t enough to satisfy investors jittery about rising expenses, however. eCRM Guide takes a look at the numbers.
MicroStrategy (NASDAQ: MSTR) posted better than expected quarterly results last night, but shares of the business intelligence software maker traded lower on Wall Street today on concern about rising expenses.
For the second quarter, MicroStrategy reported a 23 percent jump in sales to $107.5 million, up from $87.8 million in the year-ago quarter. That was $7 million better than the Thomson Reuters forecast, while earnings per share of 97 cents were 11 cents ahead of estimates.