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TheStreet Open House

CORRECTING and REPLACING Compuware Corporation Reports Fourth Quarter and Full Fiscal Year 2014 Results

Conference call time should be 5:30 p.m. Eastern time (instead of 5 p.m. Eastern time).

The corrected release reads:

COMPUWARE CORPORATION REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2014 RESULTS

Compuware Corporation (Nasdaq: CPWR):

  • Non-GAAP EPS of $0.50 per share in FY’14, up 25 percent y/y; Q4 non-GAAP EPS of $0.10 per share
  • GAAP EPS of $0.32 per share in FY’14, up 500 percent y/y; Q4 GAAP EPS of $0.09 per share
  • Total FY’14 revenue of $721M, flat with prior year; total Q4 revenue of $183M
  • APM y/y license and total revenue growth of 16 percent and nine percent, respectively; APM contribution margin increases 761 percent over last year
  • Mainframe contribution margin improves to 75 percent from 73 percent last year; highest maintenance renewal rate in last five years at 94 percent; total Mainframe revenue for the year was $296M
  • $162M operating cash flow in FY’14; $300M cash-on-hand including approximately $50M from Covisint
  • Eliminated $56M in Corporate and Shared Services expenses in FY’14; 25 percent higher than projection
  • Issues FY 2015 outlook; plans to triple operating income and margin from FY14 – FY16; additional shareholder value opportunities in FY15; and the potential strategic separation of APM and Mainframe businesses

Compuware Corporation (Nasdaq: CPWR), the technology performance company, today announced financial results for its fourth quarter and fiscal year ended March 31, 2014.

Non-GAAP net income for the year was $111.0 million, or $0.50 per diluted share, compared to $87.8 million, or $0.40 per diluted share in fiscal 2013. GAAP net income for the year was $71.6 million, or $0.32 per diluted share, compared to ($17.3) million, or ($0.08) per share in the year-ago period.

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