MicroStrategy Inc. (NASDAQ:MSTR) Q4 2019 Earnings Conference Call - Final Transcript
Jan 28, 2020 • 05:00 pm ET
Michael J. Saylor
all to contribute to the hyper wave.
Existing business intelligence applications built over the past 20 years are just too weak and they're too slow. They're too hard to utilize. They're too difficult to find. People are becoming very impatient at the number of clicks and the number of seconds they need to wait to get to the answer. Most enterprise ERP and CRM applications lack intelligence built into the interface and they're far too expensive to upgrade. Projects can take years and only achieve a small percentage of what most companies would like to see. Customers are increasingly impatient with both of these things because they're becoming used to the convenience and the speed of mobile apps running on iPhones or the latest, greatest application running on chromium-based browsers. This is creating a wave of impatience and enthusiasm to look for a new solution. HyperIntelligence solves both of these problems by allowing enterprises to create HyperCard applications and deploy them across the entire enterprise in a matter of days or weeks.
Our strategy for 2020 is to upgrade our product -- our customers to our latest platform, to migrate them to the cloud, and to deploy HyperIntelligence wherever we can. And that should keep us busy for the coming year. I want to thank everyone for their support and their time today.
And with that, we'll go ahead and pass the floor to analysts for questions.