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MicroStrategy beats Street
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February 6, 2001: 5:51 p.m. ET
Loss widens from year-ago period, but software co. beats estimates
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NEW YORK (CNNfn) - Business software company MicroStrategy Inc. recorded a narrower-than-expected fourth-quarter loss Tuesday, but also announced revenue projection for the coming year below analyst predictions.
Excluding certain charges, MicroStrategy (MSTR: Research, Estimates) lost $24.9 million, or 31 cents per share, compared to a loss of $14 million, or 18 cents per share in the year-ago period. Analysts surveyed by First Call expected the company to lose 40 cents per share.
Revenue for the quarter jumped 48 percent compared to the same period a year ago, to $58.1 million.
 But the company said its full-year 2001 revenue growth will be between 24 percent and 28 percent, below estimates compiled by First Call.
"We believe we are well on our way toward achieving our financial goal of becoming profitable in our core business by Q4 2000," said Michael J. Saylor, chairman and CEO of MicroStrategy, in a statement. "For the year 2001, our priorities are clear: profitability, market share and revenue growth, in that order."
In December, the Vienna, Va.-based company settled a Securities and Exchange Commission investigation after an earnings restatement caused its stock to plunge.
As part of the settlement – in which the company did not admit any wrongdoing -- Saylor, Chief Operating Officer Sanju Bansal, and former chief financial officer Mark Lynch each will pay a $350,000 fine.
Shares of MicroStrategy rose 81 cents to $16.94 on the Nasdaq exchange. 
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