Some Customers Defer Buying Decisions in Face of Economic Uncertainty
DETROIT, Oct. 10 /PRNewswire-FirstCall/ -- Compuware Corporation
(Nasdaq: CPWR) today announced preliminary financial results for its second
quarter ended September 30, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080605/CLTH112LOGO )
Compuware expects fiscal 2009 second quarter total revenue of
approximately $268 million, based on software license revenues of
approximately $42 million, maintenance revenue of approximately $124
million and professional services revenue of approximately $102 million.
The company expects earnings per share of approximately eight cents for the
second quarter.
"The current economic volatility has certainly extended buying cycles
for businesses around the globe and unfortunately had a negative impact on
the quarter," said Compuware President and Chief Operating Officer Bob
Paul. "Despite this difficult environment, I remain very optimistic about
Compuware's future. I continue to believe that we will achieve our
financial guidance for the year. Our fundamentals are rock-solid, and the
ongoing progress in Compuware's transformation efforts will focus the
company even more around delivering quantifiable value to customers."
October 23 Conference Call Information
Compuware will host a conference call on October 23 to discuss final
financial results for the company's second quarter. The call will take
place at 5:00 p.m. Eastern time (21:00 UTC). To access the call, 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 957228. Additionally,
investors can listen to the conference call via webcast by visiting the
Compuware Corporation Investor Relations web site at
http://www.compuware.com/ .
Compuware Corporation
Compuware Corporation makes IT rock around the world, helping CIOs
optimize IT performance to achieve business goals. Compuware solutions
accelerate the development, improve the quality and enhance the performance
of critical business systems while enabling CIOs to align and govern the
entire IT portfolio, increasing efficiency, cost control and employee
productivity throughout the IT organization. Founded in 1973, Compuware
serves the world's leading IT organizations, including 92 percent of the
Fortune 50 companies. Learn more about Compuware at
http://www.compuware.com .
Press Contact
Lisa Elkin, Vice President, Communications and Investor Relations,
+1-313-227-7345
For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226,
800-521-9353, 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 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
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PRN Photo Desk, photodesk@prnewswire.com
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CONTACT:
Lisa Elkin, Vice President, Communications
and Investor Relations of Compuware Corporation, +1-313-227-7345
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