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Compuware Earnings Cheat Sheet: Beats Wall Street Expectations

S&P 500 component Compuware Corporation reported net income above Wall Street’s expectations for the first quarter. Compuware Corporation provides software products and professional services that improve the performance of information technology organizations.

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Compuware Earnings Cheat Sheet for the First Quarter

Results: Net income for the application software company rose to $17 million (8 cents per share) vs. $12.6 million (6 cents per share) in the same quarter a year earlier. This marks a rise of 34.3% from the year earlier quarter.

Revenue: Rose 11.4% to $230 million from the year earlier quarter.

Actual vs. Wall St. Expectations: CPWR beat the mean analyst estimate of 6 cents per share. It beat the average revenue estimate of $223.8 million.

Quoting Management: “Compuware delivered positive Q1 results across our business units, resulting in double digit year-over-year increases in both revenues and earnings,” said Compuware Chief Executive Officer Bob Paul. “These results position Compuware well to meet its strategic and financial goals for the year as catalysts like the dynaTrace acquisition, increased demand for multi-enterprise collaboration (Covisint), emerging market expansions and unrelenting demand for optimally performing applications create additional velocity for our growth engines.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.5% to $249.6 million in the fourth quarter of the last fiscal year. The figure rose 7.5% in the third quarter of the last fiscal year from the year earlier and climbed 3.6% in the second quarter of the last fiscal year from the year-ago quarter.

The company has now beaten estimates the last two quarters. In the fourth quarter of the last fiscal year, it topped expectations with net income of 16 cents versus a mean estimate of net income of 14 cents per share.

While the company has been profitable for the last nine quarters, income has fallen year over year by an average of 3.1% over the past five quarters. The quarter hit the hardest was the first quarter of the last fiscal year, that saw a 75.2% drop.

Competitors to Watch: Oracle Corporation , CA, Inc. , Intl. Business Machines Corp. , Quest Software, Inc. , BMC Software, Inc. , Novell, Inc. , Red Hat, Inc. , Microsoft Corporation , OPNET Technologies, Inc. , and Sybase, Inc. .

Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!

(Source: Xignite Financials)