|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Compuware Corporation Announces Preliminary Financial Results
DETROIT--January 11, 2006--Compuware Corporation (NASDAQ: CPWR) today announced preliminary financial results for its third quarter, ended December 31, 2005. Compuware estimates its fiscal 2006 third quarter revenues will be approximately $305 million. The company expects earnings for the quarter to be approximately nine cents. The company expects new license revenue to be approximately $83 million and maintenance revenue to be approximately $107 million. Revenue from professional services is expected to be approximately $115 million. "While Compuware again generated strong profits this quarter, we fell short of Wall Street expectations," said Compuware Chairman and CEO Peter Karmanos, Jr. "Third quarter demand was not as strong as anticipated, and the business underperformed. During the third quarter I led Compuware's management team through a careful examination of every aspect of the company's business. During the fourth quarter, we will announce and implement major changes designed to ensure Compuware's short- and long-term business success." Compuware will announce final results for its fiscal 2006 third quarter on January 26, 2006. Compuware CorporationCompuware 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/.
|
|||||||||||||||||||||||||||||||||||||||||||