Microstrategy (MSTR) Posts Q2 GAAP EPS of $1.64

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MicroStrategy Announces Second Quarter 2016 Financial Results

July 28, 2016 4:07 PM EDT

TYSONS CORNER, Va., July 28, 2016 /PRNewswire/ -- MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of enterprise software platforms, today announced financial results for the three-month period ended June 30, 2016 (the second quarter of its 2016 fiscal year).

Second quarter 2016 revenues were $123.1 million versus $132.9 million for the second quarter of 2015, a 7% decrease.  Product licenses and subscription services revenues for the second quarter of 2016 were $31.2 million versus $36.4 million for the second quarter of 2015, a 14% decrease.  Product support revenues for the second quarter of 2016 were $71.5 million versus $70.7 million for the second quarter of 2015, a 1% increase.  Other... More