Microstrategy Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 04:01 pm
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MicroStrategy Incorporated announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 125.351 million compared to USD 110.584 million a year ago. Operating loss was USD 414.247 million compared to operating Income of USD 6.328 million a year ago. Net loss was USD 299.347 million compared to net income of USD 3.387 million a year ago. For the half year, total revenue was USD 248.253 million compared to USD 222.008 million a year ago. Operating loss was USD 597.399 million compared to operating Income of USD 6.256 million a year ago. Net loss was USD 409.367 million compared to net income of USD 4.044 million 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.