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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:
announced that Covisint, a Compuware Company, was cited as a cloud identity and access management leader by Forrester Research, Inc. in its July, 2012 Forrester Wave report, titled: " The Forrester Wave™:Enterprise Cloud Identity and Access Management, Q3 2012."
announced the general availability of Changepoint 2012, the latest edition of its market-leading professional services automation (PSA) and project portfolio management (PPM) solution.
received a "Strong Positive" rating in Gartner's report "Marketscope for Project and Portfolio Management Applications," which evaluated market-leading project and portfolio management solutions including Compuware Changepoint.
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:
The Compuware logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5950Conference 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.