DETROIT, April 14 /PRNewswire-FirstCall/ -- Compuware Corporation
(Nasdaq: CPWR) today announced preliminary financial results for its fourth
quarter ended March 31, 2008.
Compuware expects fiscal 2008 fourth quarter total revenue of
approximately $337 million, based on software license revenues of
approximately $100 million, maintenance revenue of approximately $126
million and professional services revenue of approximately $111 million.
The company expects earnings per share this quarter--before restructuring
charges--to be approximately 23 cents. On a GAAP basis, earnings per share
are expected to be approximately 22 cents.
"Q4 was an absolutely tremendous quarter for us--especially the license
number--and I'm extremely proud of our entire organization for the way we
rallied from a rough start of the fiscal year to close with such a strong
performance," said Compuware Chairman and CEO Peter Karmanos, Jr. "We are
now focused on continuing this momentum into Q1 and throughout FY '09. We
look forward to discussing our positive results and our plans for FY '09 on
our earnings call on May 15, 2008."
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally
accepted accounting principles, or GAAP, this press release uses a non-GAAP
measure of earnings per share. The earnings per share disclosure on a
non-GAAP basis excluded the impact of restructuring charges (net impact of
one cent). Compuware management believes the non-GAAP financial information
provided in this release is useful to investors' understanding and
assessment of Compuware's ongoing core operations and prospects for the
future. The presentation of this non-GAAP financial information is not
intended to be considered in isolation or as a substitute for results
prepared in accordance with GAAP. Management uses both GAAP and non-GAAP
information in operating and evaluating its business and as such has
determined that it is important to provide this information to investors.
Compuware Corporation
Compuware Corporation (Nasdaq: CPWR) is a world leader in delivering
software and services that enable businesses to manage their enterprises
and maximize the value of their IT assets. Compuware solutions accelerate
the development, improve the quality and enhance the performance of
business-driving applications. Founded in 1973, Compuware serves the
world's leading IT organizations, including more than 90 percent of the
Fortune 100 companies. Learn more about Compuware at
http://www.compuware.com/.
Press Contact
Lisa Elkin, Vice President, Communications and Investor Relations,
+1-313-227-7345
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 forward-looking 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.
SOURCE Compuware Corporation
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Related links:
http://www.compuware.com
http://www.prnewswire.com/comp/112310.html /
CONTACT:
Lisa Elkin, Vice President, Communications
and Investor Relations, +1-313-227-7345, Compuware Corporation
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