Compuware Revenue Jumps Nearly 9 Percent to $1.01B



Published:

DETROIT— Compuware Corp. (Nasdaq: CPWR), the technology performance company, on Wednesday announced financial results for its fourth quarter and fiscal year ended March 31, 2012.

"Compuware has aligned itself for growth, as every one of our business units produced year-over-year revenue expansion in FY '12," said Compuware CEO Bob Paul. "With nearly 40 percent of revenues now generated by our high-growth solutions — APM, Changepoint and Covisint—the company is positioned to deliver meaningful increases in revenue and earnings."

Fiscal Year 2012 Results (March 31, 2012):

  • Software license fees were $220.9 million, up 13 percent from FY '11
  • Maintenance fees were $427.5 million, up 2 percent from FY '11
  • Subscription fees were $78.4 million, up 16 percent from FY '11
  • Professional services revenues were $209.2 million, up 9 percent from FY'11
  • Application services fees were $73.7 million, up 34 percent from FY '11
  • During FY '12, total revenues were $1.01 billion, up 9 percent from last year. Net income was $88.4 million, compared to $107.4 million in the previous year. Earnings per share were 40 cents, compared to 48 cents in FY '11, based on 222.4 million and 226.1 million shares outstanding, respectively, as the company absorbed the financial impact of the dynaTrace acquisition and also made a number of targeted investments in its growth businesses.

Fourth Quarter Fiscal Year 2012 Results

  • Software license fees were $67.9 million, up 22 percent from Q4 last year
  • Maintenance fees were $104.6 million, compared to $105.1 million in Q4 last year
  • Subscription fees were $20.3 million, up 7 percent from Q4 last year
  • Professional services revenues were $51.8 million, compared to $52.6 million in Q4 last year
  • Application services fees were $21.4 million, up 24 percent from Q4 last year.
  • Total revenues were $266.0 million, up 7 percent from Q4 last year. Net income was $27.1 million compared to $34.8 million in Q4 last year.
  • Earnings per share were 12 cents, compared to 16 cents in Q4 last year.

For fiscal 2013, Compuware expects total revenues of $1.07 to $1.08 billion and earnings of 45 to 49 cents per share. This represents growth of approximately 7 percent in revenue and 18 percent in earnings per share. The company expects cash flow from operations consistent with this year's.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

The Fountain Restaurant Rolls into Campus Marius

The Fountain Detroit, a restaurant and bar arrived in the unique beach area at Campus Maritus Park this morning in preparation for the 2016 summer season.

Giant Hot Dog Added to Mackinaw City Diner

Pilot Progam Launched to Promote Healthy Lifestyles in Communities

A new community-based pilot project to promote healthy behaviors and lifestyles within communities has launched in Royal Oak.

Alaskan Outfitter Opens First Michigan Store in Detroit

Filson, a Seattle-based manufacturer and outfitter, has opened the doors to its first Michigan store in Midtown Detroit today.

The Townsend Hotel Unveils Final Phase of Renovations

The Townsend Hotel , an award winning and luxury hotel in Birmingham, is unveiling plans for the final phase of its ongoing modern luxury makeover, which began in 2012.
Edit ModuleShow Tags

Most Popular

  1. Detroit Historic Scarab Club to Launch Major Rebranding Campaign
    The Scarab Club in Detroit’s Midtown district will unveil a major rebranding campaign in early...
  2. Ann Arbor’s TITLE Boxing Club Adds New Owners
    Ann Arbor-based TITLE Boxing Club International— which has grown to 150 boxing clubs from 20...
  3. Detroit Denim Co. Opens New Location, Launches Additional Product Lines
    Described as a new manufacturing center in the Motor City, Detroit Denim Co. opens its new...
  4. Detroit’s Metropolitan Building to be Converted into Extended-stay Hotel
    Starwood Hotels & Resorts Worldwide Inc. and two local partners will convert the historic...
  5. GM Unveils Luxury Edition of 2016 GMC Yukon
    General Motors Co. today revealed the 2016 GMC Yukon SLT Premium Edition, a more luxurious...
  6. New Nonprofit Plans to Build Market-rate Homes, Apartments in Detroit
    With the goal of investing in Detroit’s communities and creating increased access to housing...