View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 17, 2000

Compuware Reports First Quarter Earnings

COMPANY PRESS RELEASE: Compuware Corporation today announced financial results for its first quarter ended June 30, 2000.

By CBR Staff Writer

Compuware reports first quarter revenue of $513.9 million, an increase of 16.0 percent from $443.1 million during the same quarter last year. Income from operations decreased 69.9 percent to $40.9 million from $135.9 million in the first quarter of the previous fiscal year.

Software license fees decreased 18.8 percent to $130.7 million from $161.0 million in the first quarter of the previous fiscal year. Maintenance fees increased 18.8 percent to $116.1 million from $97.7 million during the same period last year. Professional services fees increased 44.9 percent to $267.1 million from $184.4 million during the first quarter of the previous fiscal year.

Net income before amortization expense (diluted computation) decreased 62.8 percent to $34.3 million from $92.3 million. Before amortization expense, earnings per share (diluted computation) decreased 62.5 percent to 9 cents from 24 cents in the same quarter last year based upon 373.6 million and 385.4 million shares outstanding, respectively.

We continued to see reduced demand for S390 upgrades and Enterprise License Agreements, said Beth Chappell, Executive Vice President of Corporate Communications and Investor Relations, Compuware Corporation. We believe the market will be soft for the remainder of fiscal year 2001 as customers grow into purchased Y2K capacity and deploy enterprise e-commerce applications. Over the longer term, we expect demand in the S390 market to pick up, as customers require additional capacity and incorporate data elements from their mainframe systems to support web-based applications.

We have made nice progress in the sales of our distributed products. Our sales team is beginning to focus and work closely with our customers on their e-commerce applications. As these applications become more complex, or ‘industrial strength,’ we expect to see increasing demand for our distributed products and services.

Our professional services business is on a positive trajectory. Margins improved significantly in the quarter. While we are pleased with this progress and are on track with our plans for modest margin improvements quarter-over-quarter, we will not rest until the services margins return to historical levels, Chappell concluded.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.