DETROIT – Compuware Corp. may split the company into two units: one that would support its mainframe business and the other to focus on applications performance management.

The news came Thursday night during the computer-services company?s quarterly teleconference call after the markets had closed, the typical way Compuware reports its financials.

CEO Bob Paul did not divulge details of how the split might work or if it might mean spinning one off as a separate public company.

Oh, and Compuware also reported a much better performance for both the quarter and the full year that ended March 31, compared to those same three months a year ago.

Compuware also announced the full spinoff of Covisint Corp. shares in fiscal year 2015, which began April 1. Compuware spun off the Covisint business unit as a separate company in September, but the IPO only involved the sale of 17.6 percent of the company?s shares.

Paul announced during the teleconference call that Sam Inman, who had been the interim CEO at Covisint, is now the permanent CEO. Naming a permanent CEO was required, said Paul, before the full spinoff of Covisint shares could proceed.

In March, Inman, a veteran of the IT industry, replaced David McGuffie as CEO.

Paul told analysts that it makes sense to split Compuware in two because the two businesses are so distinct, already, and are run independent of each other except for shared back-office support.

The mainframe business has high margins but is a shrinking business and will continue to shrink. It could attract investors who want high dividends and aren?t concerned about share price increases.

The APM business has narrow margins but is fast growing and could attract investors who think increased revenue and net income would drive share price.

Getting back to financial results, for the quarter, Compuware had net income of $20.3 million or 9 cents a share on revenue of $183.4 million, compared to a net loss of $63.7 million or 30 cents on revenue of $184.3 million for the same quarter a year earlier.

For the year, the company had net income of $71.6 million or 32 cents a share on revenue of $720.8 million, compared to a net loss of $63.7 million or 30 cents on revenue of $723.7 million the year before.