Compuware Corporation Posts Year-over-year Increases in Revenue, Earnings and Operating Cash Flow

Compuware Continues to Roll as Mainframe, Vantage and Changepoint License Revenues Grow Significantly

DETROIT--July 23, 2008--Compuware Corporation (NASDAQ: CPWR) today announced financial results for its first quarter, ended June 30, 2008.

“We achieved substantial operational improvements in the first phase of the Compuware 2.0 initiative in Q1,” said Compuware President and Chief Operating Officer Bob Paul. “These near-term accomplishments supported year-over-year growth on the top- and bottom-lines, as well as increased sales for some of our most strategic products. As we continue to roll out Compuware 2.0, we will maintain our focus on achieving quarterly goals, while capitalizing on Compuware’s substantial opportunities for long-term, breakout growth.”

First Quarter Fiscal 2009 Results

Compuware reports first quarter revenues of $298.6 million, up from $279.4 million in the same period last year. Net income was $34.7 million in Q1, up from $189,000 in the first quarter last year. Earnings per share (diluted computation) were 13 cents, compared to break even in the same period last year, based upon 261.1 million and 305.6 million shares outstanding, respectively.

During the company’s first quarter, software license fees were $61.5 million compared to $47.3 million in Q1 last year. Maintenance fees were $126.5 million in Q1 compared to $113.7 million in the first quarter last year. Revenue from professional services in the quarter was $110.6 million, compared to 118.4 million in the same quarter last year.

The company will host a conference call at 5:00 p.m. Eastern time (21:00 GMT) today to discuss these results.

First Quarter Fiscal Year 2009 Highlights

During the first quarter, Compuware:

received a General Motors 2007 Technology Supplier of the Year award for its significant contributions to GM’s global product and performance achievements.
Changepoint was positioned by Gartner Inc. in the “leaders” quadrant in the “Magic Quadrant for IT Project and Portfolio Management.”
announced that Build-A-Bear Workshop® is using Compuware Vantage to ensure the successful and effective operation of the company’s websites.
released the results of a study commissioned by Compuware and conducted by Forrester Consulting that found while 81 percent of the organizations have adopted formal service level agreements, they only meet these agreements 74 percent of the time on average.
announced that two of the company’s thought leaders—Linh C. Ho and Bryce Dunn—contributed three chapters to itSMF’s new book entitled, “IT Service Management, Global Best Practices.”
released version 6.4 of its powerful DB2 administration workbench, Compuware DBA-Xpert for DB2.
held the North American Uniface User Forum—focused on best practices and knowledge sharing for enterprise application development—at its world headquarters.
announced the availability of an on-demand webcast featuring Gartner Inc., titled: Effective PPM—Realistic Steps to Success.

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 from the United States should call 800-398-9367. For international access, the conference call number is +1-612-288-0340.

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 929143. 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 more than 90 percent of the Fortune 100 companies. Learn more about Compuware at 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.