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MICROSTRATEGY INCORPORATED

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MicroStrategy Incorporated : HUD Receives Microstrategy's 2019 Federal It Innovation Award

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05/22/2019 | 08:13am EDT

WASHINGTON, May 17 -- The U.S. Department of Housing and Urban Development issued the following news release:

* * *

- Department receiving award for advancements in data analytics and digital transformation

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The U.S. Department of Housing and Urban Development (HUD) yesterday received MicroStrategy's 2019 Federal Information Technology Innovation Award. HUD won the Award because HUD's Office of Community Planning and Development's (CPD) modernized its Grants Dashboard.

CPD Grants Dashboard provides funding information for each city and state that receives CPD program funds, in a place-based format. The Dashboard details the size of each grant received over the past several years, as well as the total amount of funds currently available to be spent on affordable housing and community and economic development activities. Before modernizing the Grants Dashboard, HUD relied on manual reports that could not efficiently drive critical decisions or provide oversight into all grant programs.

"It is a great honor to receive MicroStrategy's 2019 Federal IT Innovation Award. We have made it a priority to modernize our systems to improve the way HUD does business," said Secretary Ben Carson. "We still have work to do until all of HUD's systems are up to date, but this award shows that our efforts are paying dividends and the results have made HUD a stronger, more nimble agency."

"We are incredibly proud to recognize the U.S. Department of Housing and Urban Development with the 2019 Federal IT Innovation Award for their exemplary use of analytics to achieve significant ROI and operational efficiencies," said Michael J. Saylor, CEO, MicroStrategy Incorporated. "Their CPD Grants Dashboard showcases an innovative enterprise analytics solution while serving as a blueprint for digital transformation initiatives across the federal government."

Steven W. Rawlinson, the Deputy Assistant Secretary for Economic Development for CPD, and Maribel Gatica, Advisor to the Assistant Secretary for CPD, received the award on behalf of HUD at MicroStrategy's Federal IT Summit in Washington, D.C.

© 2019 Targeted News Service, source News Service

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Financials (USD)
Sales 2019 496 M
EBIT 2019 4,88 M
Net income 2019 8,38 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 146x
P/E ratio 2020 34,3x
Capi. / Sales2019 2,52x
Capi. / Sales2020 2,33x
Capitalization 1 252 M
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Mean consensus HOLD
Number of Analysts 3
Average target price 166,67  $
Last Close Price 122,25  $
Spread / Highest target 63,6%
Spread / Average Target 36,3%
Spread / Lowest Target 20,2%
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Managers
NameTitle
Michael J. Saylor Chairman, President & Chief Executive Officer
Phong Q. Le Senior EVP, Chief Operating & Financial Officer
Timothy Edwin Lang Chief Technology Officer & Senior Executive VP
Jarrod M. Patten Independent Director
Carl J. Rickertsen Independent Director
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