MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the CIO of MicroStrategy customer Lowe’s Home Improvement Warehouse, Steve Stone, has won a 2003 Executive Technology Magazine CIO/IT Leadership & Innovation Award for

McLean, Va., (June 20, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the CIO of MicroStrategy customer Lowe’s Home Improvement Warehouse, Steve Stone, has won a 2003 Executive Technology Magazine CIO/IT Leadership & Innovation Award for his business intelligence deployment. The Executive Technology Magazine Award pinpointed thirteen exemplary chief information officers, chief technology officers and vice presidents of IT whose pioneering spirit and cutting-edge ideas deserve special recognition.

Lowe’s has deployed MicroStrategy’s Business Intelligence Platform(TM) to anchor all of its business intelligence applications. One MicroStrategy application, called DART (Data Access and Reporting Tool), plays a key role in empowering employees to obtain any piece of data critical to lifting sales or improving inventory efficiency. Over the last twelve months, Lowe’s has grown its business-intelligence user base by 100 percent.

“With MicroStrategy technology, our employees are able to understand what is going on at any given store location across the country helping us to realize significant benefits through improved merchandising decisions, more timely responses to information requests, cost-reductions efforts, and enhanced employee productivity,” said Mr. Stone. “This solution has allowed for us to develop a new set of Web-based applications that will further our success.”

“We congratulate Lowe’s Steve Stone for winning the prestigious Executive Technology award,” said MicroStrategy’s COO Sanju Bansal. “We’re very proud to be his business intelligence vendor of choice, and we look forward to continuing to provide Lowe’s with a scalable and flexible platform that provides valuable, strategic insight.”

Executive Technology provides top-level retail executives with the strategic information required to make the right decisions in leveraging technology solutions in all areas of the business.

About Lowe’s

With fiscal year 2002 sales of $26.5 billion, Lowe’s Companies, Inc. is a FORTUNE 100 company that serves approximately nine million customers a week at more than 875 home improvement stores in 45 states. In 2003, FORTUNE named Lowe’s America’s Most Admired Specialty Retailer. Based in Wilkesboro, N.C., the 57-year old company is the second-largest home improvement retailer in the world.

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,000 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.

This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy