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Compuware Announces Fiscal Year 2013 Q2 Results

  • Earns five cents per share on $220.6M in total revenues, despite challenging European environment
  • APM total revenues increase 7 percent y-o-y to $67.1M
  • Gomez bookings increase 16% y-o-y
  • Covisint revenues increase 17 percent y-o-y to $20.5M

DETROIT, Oct. 23, 2012 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR), the technology performance company, today announced financial results for its second quarter ended September 30, 2012.

"Compuware achieved its earnings per share expectations in Q2, supported by continued revenue growth and margin improvements from our APM and Covisint business units," said Compuware CEO Bob Paul. "We have positive momentum heading into the second half of the year and will continue to focus on delivering profitable revenue expansion through our growth engines."

Second Quarter Fiscal Year 2013 Results

During the company's second quarter:
  • software license fees were $31.7 million
  • maintenance fees were $102.2 million
  • subscription fees were $20.2 million
  • professional services fees were $46.0 million
  • application services fees were $20.5 million

During the second quarter, total revenues were $220.6 million. Net income was $10.6 million. Earnings per share were five cents based upon 220 million shares outstanding.

Fiscal 2013 Expectations

For fiscal 2013, Compuware expects total revenues of $980 to $995 million and earnings of 36 to 40 cents per share. The company expects cash flow from operations of $150 to $160 million.

Second Quarter Fiscal Year 2013 Highlights

During the second quarter, Compuware:

Compuware Corporation

Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com .

The Compuware logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5950

Conference Call Information

Compuware will host a conference call to discuss these results at 5:00 p.m. Eastern time (21:00 GMT) today. To join the conference call, interested parties in the United States should call 800-230-1059. For international access, the conference call number is +1-612-234-9959. No password is required.

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