Enterprise software platform developer MicroStrategy has announced its first quarter results. While the company’s revenues were slightly down compared to those from Q1 2014, operating expenses were much lower.
Overall, it’s a pretty decent fiscal picture. Q1 2015 revenues came in at $123.9 million, a 10 percent drop from the $137.9 million revenues of Q1 last year; but operating expenses were down 35 percent, having dropped from $113.2 in Q1 of 2014 to $74.1 million this quarter. So it seems like, despite the dip in revenues, the company’s bottom line remains solid.
And there’s good reason to expect higher revenues for the coming year: MicroStrategy has been busying itself at the front lines of mobile and wearable tech. At its annual conference this January, MicroStrategy CEO Michael Saylor discussed the enterprise trend of moving into mobile computing and the attendant security risks, and the company has followed up on this issue with Usher, an enterprise security platform aiming to enhance mobile security by replacing passwords with biometric authentication, among other strategies.
MicroStrategy Usher has also notably made its debut on the Apple Watch, right along with that device’s launch. Usher on Apple Watch leverages the smartwatch’s features to integrate it into the overall security architecture of an organization; for example, it can essentially make a user’s Apple Watch into their own keycard, allowing for access control in work environments using such security infrastructure.
It’s obviously much too early to predict how that venture will work out for the company, but given the high expectations surrounding the Apple Watch and wearables more broadly, it’s quite possible that many forward-thinking organizations, especially in the tech world, will be keen to explore the benefits of Usher for Apple Watch.