MicroStrategy Inc. (MSTR) reported that fourth quarter net income of $20.5 million or $1.66 per share, up 44% from $14.3 million or $1.17 per share in the prior year quarter.
Revenues for the quarter rose 11% to $105.8 million from $95.0 million in the year-ago quarter. Product licenses revenues for quarter increased 7% to $30.0 million from $28.0 million last year. Product support and other services revenues for MicroStrategy's core business intelligence business for the quarter were $71.5 million, up 12% from $64.0 million in the previous year quarter.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.61 per share on revenues of $107.28 million for the quarter. Analysts estimate typically exclude special items.
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