MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Phoenix, Ariz.-based CSK Auto Corporation (NYSE: CAO) is successfully using the MicroStrategy Business Intelligence Platform⢠for enterprise reporting and analysis
McLean, Va. (September 16, 2003) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Phoenix, Ariz.-based CSK Auto Corporation (NYSE: CAO) is successfully using the MicroStrategy Business Intelligence Platform(TM) for enterprise reporting and analysis. CSK Auto Corporation is the parent company of CSK Auto, Inc., the largest specialty retailer of automotive parts and accessories in the Western United States and one of the largest such retailers in the United States, based on store count.
“We chose MicroStrategy because it had the lowest cost of entry with all the user-friendly reporting features and performance our users wanted,” said David Waxberg, Director of Business Intelligence at CSK Auto Corporation. “Having access to MicroStrategy’s industrial-strength platform allows us to enhance our business performance and that of our vendors.”
Approximately 50 CSK Auto employees use the MicroStrategy platform to run loss prevention and vendor performance reports against a 500-gigabyte IBM® DB2® data warehouse. Company employees are able to perform shrink analysis and track changes in inventory movement by region and product category. They also analyze product performance by vendor and store to enable them to more effectively manage vendors toward profitability. The user community will expand to 300 employees by the end of 2003, and the data warehouse is expected to grow to 2 terabytes in one year.
“We’re proud to count CSK Auto Corporation as a MicroStrategy customer benefiting from our industrial-strength platform,” said MicroStrategy COO Sanju Bansal. “Leading retailers like CSK Auto Corporation are adopting MicroStrategy’s business intelligence platform to build high-value, user-friendly applications against large and growing data warehouses.” Seven of the top ten global retailers are MicroStrategy customers, using MicroStrategy for such key areas as store operations, merchandise management, loss prevention, marketing analysis and category management.
About CSK Auto Corporation
CSK Auto Corporation is the parent company of CSK Auto Inc., a specialty retailer in the automotive aftermarket. As of May 4, 2003, the Company operated 1,108 stores in 19 states.
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.
MicroStrategy has over 2,200 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.
This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com
Source: MicroStrategy