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Compuware Narrows Profits
SAN FRANCISCO -- Compuware(CPWR Quote) 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. ...
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