- MicroStrategy's (NASDAQ:MSTR) product license/subscription services revenue fell an eye-popping 31% Y/Y in Q4 to $148.9M; that's a major reversal from Q3's 8% growth. Product support revenue (driven by past deals) rose 3% to $74.6M, and other services revenue fell 3% to $33.5M.
- Thanks to the business intelligence software vendor's recent restructuring, opex fell 27% Y/Y to $84.1M, allowing EPS to trounce estimates in spite of a big revenue miss. $3.2M worth of restructuring charges are included in the opex figure.
- MicroStrategy ended Q4 with $345.5M in cash/short-term investments. Gross deferred revenue and advance payments totaled $223.7M, up $800K Y/Y.
- Shares are down to $157.00 in AH trading.
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Q4 results, PR