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Compuware Corp (859014) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, March 31, 2009

Compuware Corp

CIK: 859014

 

NEWS RELEASE

COMPUWARE CORPORATION

 

Corporate Headquarters

One Campus Martius • Detroit, Michigan 48226

(313) 227-7300

For Immediate Release
May 14, 2009

Compuware Increases Year-over-year Earnings Per Share 17 Percent to 55 Cents; Business Service Delivery Strategy Positions Company for Further Earnings Growth

 

 

 

 

Income from operations increases 28 percent year-over-year to $185.1 Million

 

 

 

 

FY ‘09 cash flow from operations of $232.0 million exceeds guidance

 

 

 

 

Fiscal discipline reduces year-over-year operating expense by $179.4 million

DETROIT—May 14, 2009—Compuware Corporation (NASDAQ: CPWR) today announced final financial results for its fourth quarter and fiscal year ended March 31, 2009.

“Our Compuware 2.0 initiative has made Compuware a healthier, more focused business and poised the company for long-term, meaningful growth in earnings,” said Compuware President and Chief Operating Officer Bob Paul. “With a smaller and more profitable Professional Services business and a more focused and strategic product portfolio, our potential for success has never been greater. Through our Business Service Delivery approach, we will capitalize on our market leadership position in end-to-end application performance to meet the growing and ever-more critical demand that applications deliver value back to the business.”

Fiscal Year 2009 Results

During the fiscal year ended March 31, 2009, revenues were $1.09 billion, compared to $1.23 billion in the previous fiscal year. Net income was $139.6 million, up from $134.4 million in fiscal 2008. Earnings per share were 55 cents, an increase of 17 percent from 47 cents in fiscal 2008, based upon 252.4 million and 287.6 million shares outstanding, respectively.

During fiscal 2009, software license fees were $219.6 million, and maintenance revenue was $479.5 million. Professional services fees for fiscal 2009 were $391.4 million.

Fourth Quarter Fiscal 2009 Results

During the fourth quarter, revenues were $253.4 million. Net income was $48.4 million, and earnings per share were 20 cents. During the company’s fourth quarter, software license fees were $55.5 million, and maintenance fees were $111.6 million. Fourth quarter revenue from professional services was $86.3 million.

Fourth Quarter Fiscal Year 2009 Highlights

During the fourth quarter, Compuware:


The following information was filed by Compuware Corp on Tuesday, May 19, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Compuware Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

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SEC Filing Tools
CIK: 859014
Form Type: 10-K Annual Report
Accession Number: 0000950152-09-005649
Submitted to the SEC: Thu May 28 2009 2:35:31 PM EST
Accepted by the SEC: Thu May 28 2009
Period: Tuesday, March 31, 2009
Industry: Prepackaged Software

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