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Compuware Posts 21% Drop in Profit

Stock quotes in this article: CPWR , CA , BMC  

Software company Compuware(CPWR Quote) posted a 21% drop in fourth-quarter earnings, but provided little insight into the reasoning for the downturn.

During the quarter, earnings fell to $48.4 million, or 20 cents a share, from $61.2 million, or 23 cents a share in the same period a year earlier. Analysts expected earnings of 19 cents.

Revenue tumbled 25% to $253.4 million from $338.9 million last year. ...

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