Compuware Narrows Profits

SAN FRANCISCO -- Compuware(CPWR - Cramer's Take - Stockpickr) saw its bottom line narrow in its fiscal fourth quarter, but benefited from a surge in licensing revenue.

The Detroit software company reported its financial results Thursday, a month after pre-announcing stronger-than-expected results that boosted its shares more than 20% at the time.

Thursday's results were in keeping with the revised forecast, as Compuware posted net income of $61.2 million, or 23 cents a share, in the three months ended March 31, vs. $67.5 million, or 47 cents a share at this time last year.

The company's year-ago profit included an $11 million gain from the sale of Compuware's stake in another company.

Compuware's results were above the average analyst expectation, which called for Compuware to earn 21 cents, despite the company's pre-announcement, according to Thomson Reuters.

Compuware's revenue increased 8% year-over-year to $338.9 million. The four analysts polled by Thomson Reuters were looking for $331.5 million, on average.

Compuware's revenue from software license fees increased 38% year-over-year to $100.8 million.

Shares of Compuware were up 10 cents at $8.61 in extended trading Thursday.

The company did not provide a forecast for its current quarter, although a conference call with analysts was scheduled for later Thursday.