MicroStrategy Incorporated Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 31, 2017 at 04:01 pm
Share
MicroStrategy Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, total revenues were $140,108,000 against $143,522,000 a year ago. Income from operations was $36,742,000 against $45,894,000 a year ago. Income before income taxes was $41,100,000 against $47,006,000 a year ago. Net income was $31,124,000 against $39,111,000 a year ago. Diluted earnings per share were $2.69 against $3.38 a year ago. Non-GAAP income from operations was $40,135,000 against $50,708,000 a year ago.
For full year, total revenues were $512,161,000 against $529,869,000 a year ago. Income from operations was $107,625,000 against $134,022,000 a year ago. Income before income taxes was $113,046,000 against $137,864,000 a year ago. Net income was $90,908,000 against $105,931,000 a year ago. Diluted earnings per share were $7.89 against $9.18 a year ago. Net cash provided by operating activities was $110,589,000 against $149,699,000 a year ago. Purchases of property and equipment were $2,337,000 against $3,484,000 a year ago. Non-GAAP income from operations was $119,487,000 against $151,600,000 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.