DETROIT – Net income for Compuware Corporation fell to $10.5 million (5 cents per share) vs. $17 million (8 cents per share) a year earlier, a decline of 38.2 percent from the year-earlier quarter. Revenue fell 1.6 percent to $226.2 million from the year-earlier quarter.
Compuware beat the mean analyst estimate of 4 cents per share. It fell short of the average revenue estimate of $236.3 million.
?Driven by technology mega-trends like mobile, cloud and big data analytics, Compuware?s growth engines continue to rapidly increase revenues,? said Compuware CEO Bob Paul. ?Our Compuware APM and Covisint solutions in particular stand squarely in leadership positions for this technology revolution and have led the way to a solid Q1.?
The company has now seen net income fall in each of the last four quarters. In the fourth quarter of the last fiscal year, net income fell 22.1 percent while the figure fell 36.5 percent in the third quarter of the last fiscal year and 12.7 percent in the second quarter of the last fiscal year.
A year-over-year revenue decrease last quarter breaks a four-quarter streak of revenue increases. The best quarter in that span was the second quarter of the last fiscal year, which saw revenue rise 15.4 percent.
The company beat estimates last quarter after meeting expectations in the fourth quarter of the last fiscal year with net income of 12 cents per share.
Over the past sixty days, the outlook for the company?s performance next quarter has become increasingly unfavorable. The average estimate for the second quarter is 9 cents per share, a drop from 11 cents. Over the past sixty days, the average estimate for the fiscal year has reached 46 cents per share, a decline from 50 cents.
