Microstrategy, Inc. (MSTR) Posts Q1 EPS of $0.15
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MicroStrategy Announces First Quarter 2018 Financial Results
April 26, 2018 4:05 PM EDTTYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR), a leading worldwide provider of enterprise analytics and mobility software, today announced financial results for the three-month period ended March 31, 2018 (the first quarter of its 2018 fiscal year).
MicroStrategy adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) and its subsequent amendments (ASU 2014-09), effective January 1, 2018, and has adjusted its prior period consolidated financial statements to reflect full retrospective adoption.
First quarter 2018 revenues were $123.0 million versus $122.2 million for the first quarter of 2017, a 0.6% increase. Product licenses and subscription services revenues... More
