DETROIT – Software and services company Compuware posted a slightly larger quarterly profit than Wall Street expected, $25.3 million, or 12 cents a share, compared with $21.6 million or 10 cents a share last year. Analysts were expecting 11 cents.
For the third quarter of fiscal 2013, which ended Dec. 31, the computer services company announced revenue of $257.9 million, up from $253.1 million in the same quarter last year.
Whether the more positive results will help Compuware?s management beat back a hostile takeover attempt by Elliott Management Corp., New York hedge fund, that wants to buy the company and take it public, is uncertain. Elliott contends Compuware is mismanaged and underperforms. Elliott offered $11 a share. On Wednesday, Compuware?s stock closed at $10.88. Compuware’s board of directors is expected to vote on Elliott’s offer Thursday.
For the second quarter of fiscal 2013, which ended Sept. 30, Compuware reported revenue of $220.6 million, down from $260.7 million for the same period a year earlier; net income was $10.6 million or 5 cents a share, down from $22.7 million or 10 cents a share.
For the first quarter that ended June 30, the company had revenue of $226.2 million, down from $230 million for the same quarter the year before. Net income was $10.5 million or 5 cents a share, down from $17 million or 8 cents a share.
Both quarters were below analyst expectations and below Compuware’s previous guidance.
