MicroStrategy Profit Falls; ComScore Shares Up

*MicroStrategy said last night that first-quarter profit fell about 16 percent, to $8.3 million (67 cents a share) from $9.8 million (75 cents) in the comparable period a year earlier. Revenue for the McLean company grew 20.5 percent, to $83.5 million. MicroStrategy said it was the 21st consecutive quarter of year-over-year revenue growth.
The company also said that it plans to sell its Alarm.com and Angel.com businesses.
In the earnings statement, CEO Michael J. Saylor did not sound like he saw the company as an acquisition target. "We believe that our independence provides us with a significant competitive advantage," he said.

*Shares of ComScore are gaining today on its earnings outlook. As of about 12:20 p.m., they're up 16.7 percent, at $23.15

By Terri Rupar  |  May 2, 2008; 11:52 AM ET  | Category:  Earnings
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