DETROIT, July 10 /PRNewswire-FirstCall/ -- Compuware Corporation
(Nasdaq: CPWR) today announced preliminary financial results for its first
quarter ended June 30, 2007.
Compuware expects fiscal 2008 first quarter total revenue of
approximately $278 million, based on software license revenues of
approximately $47 million, maintenance revenue of approximately $113.5
million and professional services revenue of approximately $117.5 million.
The company expects break-even earnings per share this quarter.
"I'm extremely disappointed in the company's performance this quarter,"
said Compuware Chairman and CEO Peter Karmanos, Jr. "Compuware's
comprehensive evaluation and restructuring of its business-while vital to
the company's long-term ability to grow-distracted sales efforts during the
quarter. Further compounding this issue, restructuring costs reduced net
income for the quarter by $.04 per share. As the fiscal year progresses, I
expect Compuware's transformational efforts to gain traction and to provide
excellent leverage for improved results."
Compuware also announced today that President and Chief Operating
Officer of Products, Hank Jallos, has resigned from his role at the
company, effective immediately. In the near term, Mr. Karmanos will work
closely with the product sales management team to improve results and to
ensure a smooth transition in sales efforts.
The company will host a conference call to discuss its preliminary
results at 5:00 p.m. Eastern time (21:00 GMT) today. Compuware will
announce final results for its first quarter on July 26, 2007.
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/.
Conference Call Information
Compuware will host a conference call today to discuss these results at
5:00 p.m. Eastern time (21:00 GMT). Interested parties from the United
States should call 800-230-1092. For international access, the conference
call number is +1-612-332-0107.
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 880488. Additionally,
investors can listen to the conference call via webcast by visiting the
Compuware Corporation Investor Relations web site 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
 back to top
Related links:
http://www.compuware.com
http://www.prnewswire.com/comp/112310.html /
CONTACT:
Lisa Elkin, Vice President, Communications
and Investor Relations of Compuware Corporation, +1-313-227-7345
|
