DETROIT – Compuware Corp. late Thursday reported its fiscal first-quarter net income rose to $51 million, or 21 cents a share, from $34.7 million, or 13 cents a share, a year earlier. Revenue, however, decreased to $214.4 million from $298.6 million in the same period last year, the information technology company said.
During the company’s first quarter, software license fees were $40.5 million compared to $61.4 million in Q1 last year. Maintenance fees were $111.1 million in Q1 compared to $126.5 million in the first quarter last year. Revenue from professional services in the quarter was $62.7 million, compared to $110.6 million in the same quarter last year.
“Compuware produced a solid start to the year in Q1,” said Compuware President and Chief Operating Officer Bob Paul. “With improved year-over-year earnings, software license fees that exceeded expectations and a business model built to capitalize on our core solutions, Compuware is primed to meet its goals for increased profitability.”
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