Software license fees were $123.2 million during the third quarter, compared with $250.5 in the same period of the previous fiscal year. Maintenance fees were $115.2 million from $113.8 million during the same period last year. Revenue from Compuware’s Professional Services Division was $257.0 million compared to $273.0 million in the third quarter of the previous fiscal year.
Net income before amortization expense was $46.7 million. Before amortization expense, earnings per share (diluted computation) were 13 cents versus 35 cents in the same quarter of last year based upon 369.8 and 386.5 million shares outstanding, respectively.
We are pleased with the progress we have made in positioning Compuware for consistent long-term growth and improved profitability, said Peter Karmanos, Jr., Compuware Chairman and CEO. While we believe our revenue numbers could have been higher, we made significant headway in several key areas of our business. One area of significant improvement was distributed software licenses, where we saw a 43.5 percent increase over last quarter. Another area of progress was in our professional services margin, which has climbed to 4.6 percent–a much better-than-expected result. Continuing, Karmanos said, Our business is on a solid foundation, we are executing our strategy and we are achieving our objectives. Our outlook for the future is very optimistic.
