MicroStrategy (MSTR -3%) trades lower after reporting Q2 revenue of $141.8M (+3% Y/Y) and EPS of $0.65; the latter beat by $0.19, but the former missed by $12.7M. Product license revenue fell 3% Y/Y, which suggests MicroStrategy is losing share to the likes of IBM, SAP, and Qlik (QLIK) in the business intelligence software market. As is CEO Michael Saylor's custom, no earnings call accompanied the Q2 report.
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