Compuware Announces Q3 Results

Jan. 27, 2012 - PRLog -- DETROIT, Jan. 26, 2012 (GLOBE NEWSWIRE) -- Compuware Corporation , the technology performance company, today announced financial results for its third quarter ended December 31, 2011.

"The growth Compuware delivered across its business in Q3 confirms that we have built the right portfolio for consistently increasing revenue and earnings going forward," said Compuware CEO Bob Paul. "Compuware remains poised to deliver its largest year-over-year increase in full-year revenues in a dozen years, and we will use those results as a catapult into a profitable year of growth in FY '13. To immediately optimize our ability to do so, we have sharply focused our team on enhancing sales execution and better expense management throughout the organization."

Third Quarter Fiscal Year 2012 Results

During the company's third quarter:

•software license fees were $57.1 million, compared to $60.2 million in Q3 last year;

•maintenance fees were $106.8 million, up from $106.3 million in Q3 last year;

•subscription fees were $19.9 million, up from $17.8 million in Q3 last year;

•revenue from professional services was $50.6 million, up from $48.3 million in Q3 last year;

•application services fees were $18.6 million, up from $14.4 million in Q3 last year.

During the third quarter, total revenues were $253.1 million, up from $247.0 million in the third quarter last year. Third quarter net income was $21.6 million, and earnings per share were ten cents, based on 221.9 million shares outstanding. In Q3 of the previous year, net income was $34.0 million, and earnings per share were 15 cents based on 225.2 million shares outstanding.

The decrease in net income was primarily due to increased investments in Compuware's APM business unit, including acquisition-related expenses.


Third Quarter Fiscal Year 2012 Highlights

During the third quarter, Compuware:

•Began working with the Google Page Speed team and using the Compuware Gomez platform® to make it easier for organizations to optimize mobile web application performance through best practices and tools.

•Announced that esure, a leading provider of insurance in the UK, chose Compuware dynaTrace as its platform for application performance management; hybris also now offers the dynaTrace Application Performance Management solution in its eCommerce platform.

•Launched new international mobile website performance benchmarks in France and Germany as well as the Compuware Gomez® China Portal 2.0. Additionally, Compuware introduced new website performance benchmarks for the credit card industry.

•Announced that Covisint was accepting PQRS (Physician Quality Reporting System) submissions, which is helping Intermountain Healthcare, an internationally recognized nonprofit health system based in Salt Lake City, earn nearly $1 million in PQRS incentives granted by the Centers for Medicare and Medicaid (CMS) for PQRS.

•Announced on CloudSleuth the one-year average results of the top 25 cloud service providers' global performance rankings. These rankings help those shopping for a cloud service provider to compare and track providers' global performance and make informed cloud purchasing decisions.

•Revealed the innovations and successes of its top partners from around the world at the 2011 Compuware Partner Connect Summit

•Announced that Comdata Network, Inc. has implemented a Compuware Professional Services' test automation process.

•Partnered the Compuware Test Data Privacy Solution with Dataguise, a leading innovator of enterprise security intelligence solutions, to protect employee and customer personally identifiable information.

•Deployed its Compuware Changepoint Software as a Service solution for professional services automation at Brisbane, Australia-based Unidel. Additionally, Dynamic Risk Assessment Systems selected Compuware Changepoint for professional services automation.

•Released the results of an independent research study conducted by Vanson Bourne, exploring mainframe use in the enterprise. Additionally announced the findings of an international study examining the impact of new technology trends and models driven by business and end-user demands, along with releasing the top retail Web and mobile site performers for Cyber Monday based on the Compuware Performance Index.

•Announced the availability of the eBook: "Web Load Testing for Dummies," written by Scott Barber, Founder and Chief Technologist at PerfTestPlus, and Colin Mason, Compuware's Web Load Testing Product Manager. Together they explore the importance of web load testing and its impact on business.

Compuware Corporation

Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.

The Compuware logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5950

Conference Call Information

A conference call replay will also be available. The United States replay number will be 800-475-6701, and the international replay number will be +1-320-365-3844. The replay passcode will be 230756. Additionally, investors can listen to the conference call via webcast by visiting the Compuware Corporation Investor Relations web site at http://www.compuware.com.

Certain statements in this release that are not historical facts, including those regarding the Company's future plans, objectives and expected performance, are "forward-looking statements" within the meaning of the federal securities laws. These forwardlooking statements represent our outlook only as of the date of this release. While we believe any forward-looking statements we have made are reasonable, actual results could differ materially since the statements are based on our current expectations and are subject to risks and uncertainties. These risks and uncertainties are discussed in the Company's reports filed with the Securities and Exchange Commission. Readers are cautioned to consider these factors when relying on such forward-looking information. The Company does not undertake, and expressly disclaims any obligation, to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.