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Compuware Corporation posts year-over-year increases in revenue, earnings and operating cash flow
Compuware continues to roll as mainframe, Vantage and Changepoint license revenues grow significantly
Compuware Corporation (NASDAQ: CPWR) announced financial results for its first quarter, ended 30 June, 2008.
''We achieved substantial operational improvements in the first phase of the Compuware 2.0 initiative in Q1,'' said Compuware President and Chief Operating Officer Bob Paul. ''These near-term accomplishments supported year-over-year growth on the top- and bottom-lines, as well as increased sales for some of our most strategic products. As we continue to roll out Compuware 2.0, we will maintain our focus on achieving quarterly goals, while capitalising on Compuware's substantial opportunities for long-term, breakout growth.''
Compuware reports first quarter revenues of US$298.6 million, up from US$279.4 million in the same period last year. Net income was US$34.7 million in Q1, up from US$189,000 in the first quarter last year. Earnings per share (diluted computation) were 13 cents, compared to break even in the same period last year, based upon 261.1 million and 305.6 million shares outstanding, respectively.
During the company's first quarter, software license fees were US$61.5 million compared to US$47.3 million in Q1 last year. Maintenance fees were US$126.5 million in Q1 compared to US$113.7 million in the first quarter last year. Revenue from professional services in the quarter was US$110.6 million, compared to US118.4 million in the same quarter last year.
First Quarter Fiscal Year 2009 Highlights
During the first quarter, Compuware:
- received a General Motors 2007 Technology Supplier of the Year award for its significant contributions to GM's global product and performance achievements.
- Changepoint was positioned by Gartner Inc. in the ''leaders'' quadrant in the ''Magic Quadrant for IT Project and Portfolio Management.''
- announced that Build-A-Bear Workshop is using Compuware Vantage to ensure the successful and effective operation of the company's websites.
- released the results of a study commissioned by Compuware and conducted by Forrester Consulting that found while 81 per cent of the organisations have adopted formal service level agreements, they only meet these agreements 74 per cent of the time on average.
- announced that two of the company's thought leaders—Linh C. Ho and Bryce Dunn—contributed three chapters to itSMF's new book entitled, ''IT Service Management, Global Best Practices.''
- released version 6.4 of its powerful DB2 administration workbench, Compuware DBA-Xpert for DB2.
- held the North American Uniface User Forum—focused on best practices and knowledge sharing for enterprise application development—at its world headquarters.
- announced the availability of an on-demand webcast featuring Gartner Inc., titled: Effective PPM—Realistic Steps to Success.
Compuware Corporation
Compuware Corporation makes IT rock around the world, helping CIOs optimise IT performance to achieve business goals. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organisation. Founded in 1973, Compuware serves the world's leading IT organisations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/.
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