DETROIT – Compuware said this week that its fiscal third-quarter profit fell to $35 million from $35.6 million last year. On a per-share basis, earnings rose to 14 cents from 13 cents in the year-ago period, as shares outstanding fell to 246.8 million from 282.5 million last year.
Excluding one-time items, the information technology company would have reported earnings of 15 cents a share for the latest quarter. Revenue fell to $268.7 million from $309.4 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 13 cents a share on revenue of $287.4 million.
During the third quarter, the company’s software license fee revenue was $60.5 million, compared to $79.4 million in the same quarter last year. Maintenance fees recognized in the quarter were $116.6 million, compared to $120.0 million in Q3 last year. Revenue from professional services in Q3 was $91.6 million, compared to $109.9 million in the same quarter last year.
“In a really tough selling environment, Compuware has produced a good Q3, propelling us to a 44 percent increase in GAAP EPS for the fiscal year-to-date,” said Compuware President and Chief Operating Officer Bob Paul. “Moving forward, we will accelerate Compuware’s growth by further focusing the business on a differentiated and compelling solution that will position the company as best-in-class..
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