MicroStrategy Announces Second Quarter 2020 Financial Results
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Microstrategy, Inc. (MSTR) Misses Q2 EPS by 5c, Revenues Miss
July 28, 2020 4:53 PM EDTMicrostrategy, Inc. (NASDAQ: MSTR) reported Q2 EPS of $0.35, $0.05 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $110.6 million versus the consensus estimate of $112.22 million.
Second Quarter 2020 Financial Highlights
Revenues: Total revenues for the second quarter of 2020 were $110.6 million, a 6.1% decrease, or a 4.3% decrease on a non-GAAP constant currency basis, compared to the second quarter of 2019. Product licenses and subscription services revenues for the second quarter of 2020 were $22.8 million, a 16.1% decrease, or a 13.5% decrease on a non-GAAP constant currency basis, compared to the second quarter of 2019. Product support revenues for the... More