Compuware Corp. (Nasdaq: CPWR), Michigan’s largest technology company, announced sharply higher net income and revenue for its first fiscal quarter, ended June 30.

Net income was $17 million or 8 cents a share, up from $12.6 million or 6 cents a share a year earlier. Revenue was $230 million, up from $206.5 million a year earlier.

Analysts polled by FactSet Research had predicted 9 cents a share in earnings and $225.1 million revenue.

During the quarter, software license fees were $34.1 million, up from $33.3 million a year earlier. Maintenance and subscription fees were $126.1 million, up from $116.8 million a year earlier. And professional services fees were $69.7 million, up from $56.4 million a year earlier.

The company said subscription fees for its fast-growing application performance management fees rose 40.6 percent year-over-year to $18.7 million. And subscription fees to Compuware’s Covisint secure collaboration service rose 43.8 percent year-over-year to $16.2 million. And software license fees for mainframe computing — which recently haven’t grown much — jumped 28.3 percent year-over-year to $18.6 million.

“Compuware delivered positive Q1 results across our business units, resulting in double-digit year-over-year increases in both revenues and earnings,” Compuware CEO Bob Paul said in the earnings release. “These results position Compuware well to meet its strategic and financial goals for the year as catalysts like the dynaTrace acquisition, increased demand for multi-enterprise collaboration (Covisint), emerging market expansions and unrelenting demand for optimally performing applications create additional velocity for our growth engines.”

The Detroit-based company reported $14.6 million in positive cash flow in the quarter, vs. using $11.2 million in cash in the same quarter a year earlier.

North American software sales were $88.8 million, up 5.8 percent from $84 million a year earlier. International software sales were $71.4 million, up 7.9 percent from $66.1 million a year earlier.

In the first hour of after hours trading, after earnings announcement, Compuware stock was unchanged. During the regular trading day, which ended at 4 p.m. — before the earnings announcement — Compuware shares rose 6 cents to $9.39, up 0.6 percent. Compuware stock is up more than 12 percent over the past year.

Total employee count at the company was 4,497 at the end of the quarter, up 5.7 percetn from 4,256 a year earlier and up 2.3 percent from 4,396 at the end of 2010.

In the conference call discussing the results, Paul called the quarter “a good start” to the fiscal year and said results were particularly strong for mainframe sales for Europe, and for application performance management in North America.

Paul said six of Compuware’s 15 top contracts are up for renewal this year. He said the company saw no reason why it wouldn’t continue its usual renewal rate — 92 percent for the first quarter, unchanged from the first quarter a year earlier, and 93 percent for the fiscal year overall.

And he said there may be a public stock offering for part of the Covisint business next year — and that based on its revenue and growth, Covisint could be valued at $1 billion.

Paul said the company is reiterating its current fiscal year earnings guidance of 50 to 54 cents per share — eight to 10 cents per share in the current quarter — and revenue “at or near” $1.06 billion for the fiscal year.

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