MicroStrategy Accelerates Recruiting Program to Attract Top Industry Talent
MCLEAN, Va., March 1 -- MicroStrategy® Incorporated (NASDAQ:MSTR), a leading worldwide provider of business intelligence (BI) software, today announced an aggressive recruiting program to attract top BI professionals. In 2010, MicroStrategy plans to expand its global footprint with the addition of more than 200 employees in key business areas, including sales, engineering, consulting, technology, and marketing. The company currently has over 1,800 employees and direct operations in more than 20 countries.
In 2009, MicroStrategy continued its steady growth and achieved solid financial results. Revenues in 2009 were $377.8 million, an increase of 5% over 2008. Product license revenue increased by 6% over 2008 to $101.9 million. Operating income from continuing operations in 2009 was $86.3 million, or 23% of revenue. Cash flow from operations has also been consistently strong with $96.4 million in 2009 and $88.9 million in 2008. MicroStrategy ended 2009 with $224.8 million in cash and cash equivalents, and no debt.
Last year, MicroStrategy expanded its customer portfolio with hundreds of new customers. MicroStrategy has a strong record of winning new customer deals when its technology is directly compared against its competitors in a "proof-of-concept" demonstration. MicroStrategy's business intelligence software is used by many industry-leading companies, including Lowe's Companies, Yahoo!, Ryder, Estee Lauder, Starwood Hotels & Resorts Worldwide, U.S. Postal Service, and Starbucks.
In early 2009, MicroStrategy announced its most significant software release in nearly a decade, MicroStrategy 9. The company's technology and leadership have been recognized by business and technology publications, as well as leading industry analysts. MicroStrategy was recently positioned by Gartner, Inc. in the Leaders quadrant in the 2010 "Magic Quadrant for Business Intelligence Platforms" report.(1) A copy of the Gartner report is available, compliments of MicroStrategy, at http://www.microstrategy.com/Company/Gartnerquadrant.asp.
"While some BI companies are dealing with upheaval in their leadership, product development, and customer service delivery, MicroStrategy continues to stay focused on delivering the best BI software and providing a high level of customer service," said Sanju Bansal, MicroStrategy's COO. "We are well positioned in the BI marketplace, with consistently high marks for our technology and customer satisfaction. In addition, MicroStrategy has a solid financial foundation with no debt, excellent cash flow, strong margins, and growing revenues. We offer an exciting work environment for experienced BI professionals who are ready to join a dynamic, growing organization."
Parties interested in employment opportunities at MicroStrategy should e-mail their resumes directly to email@example.com.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its ease-of-use, sophisticated analytics, and superior data and user scalability. MicroStrategy offers free reporting software that can be downloaded from its Website, http://www.microstrategy.com/freereportingsoftware. More information about MicroStrategy (NASDAQ:MSTR) is available at http://www.microstrategy.com.
MicroStrategy, MicroStrategy 9, and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
(1)Gartner, Inc. "Magic Quadrant for Business Intelligence Platforms, 2010" by Rita Sallam et al, Jan. 29, 2010