DETROIT – Compuware Corp. said Tuesday that its fiscal fourth-quarter profit fell 22 percent, and it gave a more somber outlook for the current year than analysts were expecting, but the company’s revenue rose, and its shares climbed in aftermarket trading.
Compuware, Michigan largest software company, offers products and services designed to help information technology professionals. Compuware said it earned $27.1 million, or 12 cents per share, in the three months that ended March 31. A year earlier, it posted a profit of $34.8 million, or 16 cents per share. Its revenue grew 7 percent, to $266 million from $250 million.
Analysts on average forecast a profit of 14 cents per share and revenue of $260.8 million, according to FactSet.
Compuware said its software license fee revenue rose 22 percent to $67.9 million. Maintenance revenue edged down to $104.6 million from $105.1 million, while subscription revenue and application service revenue both increased and professional service fee revenue declined.
The company said its annual profit fell 18 percent, to $88.4 million, or 40 cents per share, from $107.4 million, or 48 cents per share. Revenue rose 9 percent, to $1.01 billion from $928.9 million.
Compuware said it expects to report income of 45 to 49 cents per share on $1.07 billion to $1.08 billion in revenue in fiscal 2013. On average, analysts are projecting a profit of 54 cents per share and $1.08 billion in revenue.
Shares of Compuware picked up 15 cents to $8.45 on Tuesday and advanced 69 cents, or 8.2 percent, to $9.14 after hours.
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