On Wednesday, Business Objects reported Q3 earnings of 41 cents per share after adjustment of one-time charges, beating the consensus estimate of 34 cents. Revenue was $310.4 M, ahead of the consensus estimate of $295 M. License revenue was $132 M (up 9% YoY), while service revenue was $179 M (up 27% YoY).
Yesterday, MicroStrategy reported Q3 earnings of $1.32 per share, beating the consensus estimate of $1.19. Revenue was $77.7 M, also beating the consensus estimate of $74.1 M. Product license revenue was $24.5 M (up 8% YoY), and support/services revenue was $53.2 M (up 23% YoY).
Wall Street cheered the results of both companies, sending Business Objects share up 9% on Thursday MicroStrategy shares up 4% today.
These are good reports for the data warehousing in general, as both companies are important players in the space. Their reports also show that the big software companies, Microsoft, Oracle and SAP, do not yet have their business intelligence products quite up to the level of the specialist players yet. Given that this is still a growth area, it remains to be seen if any of these 3 big companies will make a big move (either releasing a next-generation product or acquiring an existing company) in the near future.