Business intelligence software provider MicroStrategy has reported revenues of $108m for the second quarter of 2010, an increase of 23% compared to $88m for the same period last year.
The company has posted an operating income of $12m, compared to $10m for the same quarter last year. Operating expenses increased 25% to $69m from $55.3m in the same period a year ago.
For the second quarter ended June 30, 2010, the company posted a net income of $12m, or $0.97 per share, compared to $10m, or $0.81 per share for the second quarter of 2010.
Product licenses revenues grew 47% to $30m from $20.5m and product support and other services revenues increased by to $79m from $67m in the second quarter of 2010.
Michael Saylor, president and CEO of MicroStrategy, said: "The mobile Internet is the next wave of information technology. We see a revolution afoot in business intelligence as organisations can now empower their executives, workforce, suppliers, and partners with immediate access to business information from mobile devices.
"We believe that mobile business intelligence has the potential to expand the BI market dramatically and that MicroStrategy Mobile is on the leading edge of this new market."
