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Compuware Corporation Announces Preliminary Financial Results
DETROIT--October 10, 2003--Compuware Corporation (NASDAQ: CPWR) today announced preliminary financial results for its quarter ended September 30, 2003. Compuware estimates its fiscal 2004 second quarter revenues will be approximately $302 million. The company expects software new license revenue to be approximately $59 million. Maintenance revenue is expected to be approximately $99 million. Compuware expects revenue from professional services to be approximately $144 million. Cash flow for the quarter is expected to be approximately $40 million. The company has increased its strategic investments in marketing and sales, resulting in increased expenses and an anticipated net loss of approximately $0.02 for the second quarter. Compuware management believes that these investments will lead to growth in the coming quarters. Compuware will announce final results for its fiscal 2004 second quarter on Tuesday, October 21, 2003. Compuware CorporationCompuware Corporation, a leading provider of software and technology services, delivers industrial-strength solutions for the enterprise computing environment that dramatically improve productivity, quality and performance across the application life cycle. For more information about Compuware, please visit http://www.compuware.com/.
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