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Compuware Announces Fiscal Year 2007 Second Quarter Results

Compuware Earns Seven Cents Per Share in Q2; Sales of Distributed Products Increase 10.5 Percent Year-over-year

DETROIT--October 26, 2006--Compuware Corporation (NASDAQ: CPWR) today announced financial results for its second quarter, which ended September 30, 2006. The company’s final results for the quarter are in-line with its preliminary financial results announced on October 12, 2006.

Second Quarter Fiscal 2007 Results

Compuware reports second quarter revenues of $288.5 million and second quarter net income of $24.8 million. Compuware earned seven cents per share (diluted computation) in the quarter, compared to six cents in Q2 of fiscal 2006, based upon 364.5 million and 391.2 million shares outstanding, respectively. During the company’s second quarter, software license fees were $56.7 million, professional services fees were $116.7 million, and maintenance fees were $115.1 million.

Second Quarter Fiscal Year 2007 Highlights

During the second quarter, Compuware:

  • Announced that the company’s Board of Directors authorized the repurchase of an additional $300 million of the company’s common stock.
  • Earned inclusion on the new NASDAQ Global Select Market, which has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements.
  • Announced that Compuware Changepoint was selected "Best Technology and Service Provider" by senior IT executive attendees at the Project & Portfolio Management 2006 event. Compuware Changepoint gives CIOs the information they need to make effective decisions about investments and to communicate the value that IT delivers to the business.
  • Highlighted a number of recent Compuware Vantage customer successes at high-profile businesses including AutoTrader.com; Dickinson Wright, PLLC and Honigman Miller Schwartz and Cohn. Compuware Vantage--an application service management solution--helps IT organizations manage application performance from the perspective that matters most: that of the end-user.
  • Announced a three-year contract for Compuware Covisint to provide messaging and integration services to Shanghai GM and hundreds of its suppliers based in Asia, North America, Europe and Latin America. Initially, Covisint will establish connectivity and supply chain visibility across Shanghai GM and its supplier communities that support power-train and vehicle-assembly operations.
  • Introduced the Compuware Covisint collaborative exchange for healthcare. Covisint’s healthcare offering enables access to, and improved visibility of, critical healthcare information, which reduces costs and increases the quality of care. United Physicians, P.C., Michigan’s largest independent physician organization, will use Compuware Covisint to establish a physician desktop portal.
  • Showcased at Share East 2006 its industry-leading solutions for optimizing the value of mainframe investments. Compuware conducted a number of educational sessions at the event on achieving mainframe goals and on overcoming key business challenges facing IT organizations.
  • Conducted a number of interactive webcasts and seminars for senior IT executives related to critical business issues such as Project and Portfolio Management and Business Requirements Management.
  • Earned top-10 placement on the Fourth Annual Best Companies for Blacks in Technology list, sponsored by The National Black Data Processing Associates and WorkplaceDiversity.com.

Compuware Corporation

Compuware Corporation (NASDAQ: CPWR) maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. 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 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 calling from the United States should call 800-230-1766. For international access, the conference call number is +1-612-288-0318. A conference call replay will also be available at 800-475-6701 for United States-based callers and at 320-365-3844 for internationally based callers. The replay passcode is 840562. For more information, visit the Compuware Corporation Investor Relations web site at http://www.compuware.com.

Certain statements in this press release and announcement may constitute forward-looking statements. These forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that may cause such forward-looking statements not to be realized and that could cause actual results to differ materially from Compuware's expectations in these statements. For more information about other risks that could affect the forward-looking statements herein, please see Compuware's most recent quarterly report on Form 10-Q, annual report on Form 10-K and other filings made with the Securities and Exchange Commission. Compuware expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law.