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Compuware Earns Six Cents Per Share in Fiscal Year 2006 Second Quarter
  
EPS Increases 200 Percent Year-over-year; Total Distributed Products Revenue Increases Nearly 18 Percent From Same Quarter of Fiscal 2005
DETROIT--October 27, 2005--Compuware Corporation (NASDAQ: CPWR) today announced financial results for its second quarter, which ended September 30, 2005.
“Year-over-year, Compuware delivered second quarter increases in EPS of 200 percent and in total distributed product revenue of 18 percent. For the first six months of the fiscal year, EPS is up 550 percent,” said Compuware Chairman and CEO Peter Karmanos, Jr. “I am, however, not satisfied with software and services revenue for Q2, which did not show the level of momentum we wanted to see. I can assure Compuware investors and employees that I have the attention of the company’s senior management team, and that we will work very hard to improve on these results in the coming quarters.”
Second Quarter Fiscal 2006 Results
Compuware reports second quarter revenues of $292.6 million. Net income for the second quarter was $24.2 million. Earnings per share (diluted computation) were six cents, based upon 391.2 million shares outstanding. During the company’s second quarter, software license fees were $63.6 million, and maintenance fees were $110.9 million. Revenue from professional services for the second quarter was $118.1 million.
Second Quarter Fiscal 2006 Highlights
During the second quarter, Compuware:
- Announced that, due to the success of last year’s OJX conference, this year’s October 6 conference-rebranded as OJ.X-would include both Microsoft .NET and Java application development technologies, as well as management-level tracks.
- Announced that three leading technology organizations-Microsoft Corp., HP and the Eclipse Foundation-had signed on as premier sponsors for the OJ.X conference. In addition to sponsorship, experts from these organizations shared software development insights, business experiences and future plans with more than 1,000 OJ.X attendees.
- Announced that Compuware Covisint and Blue Cross Blue Shield of Michigan had entered into a strategic partnership to deliver a statewide healthcare portal in Michigan. The portal will enable healthcare professionals, groups, agents and members to improve the automation of routine business practices and shared access to information over the Internet.
- Covisint introduced a new program called Business NowSM to extend application access through Covisint’s Demand-driven InteroperabilitySM platform. Covisint also announced plans to open an office in China to support its growing Asia business. Located in Shanghai, the new office will include sales and technical support staff.
- Together with SteelTrace, announced the integration of SteelTrace’s Catalyze product with the Compuware QACenter product line, which will support more effective collaboration between business users and IT teams. This, in turn, enables better identification of what software should do for a business and improves application quality.
- Announced the availability of Abend-AID Fault Manager 3.2, which is designed to help IT organizations better manage the growing complexity of enterprise application environments. Abend-AID Fault Manager 3.2 combines mainframe and distributed fault diagnostic capabilities into a single comprehensive solution.
- Announced that the readers of Workforce Diversity for Engineering & IT Professionals Magazine placed Compuware at #20 on the publication’s Top 50 Employers in the United States list.
- Announced it would be a Platinum sponsor of the 27th Annual National Black Data Processing Associates Conference, which attracted more than 800 IT professionals, CIOs and entrepreneurs.
Compuware Corporation
Compuware Corporation (NASDAQ: CPWR) maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/.
Conference Call Information
Compuware will host a conference call today to discuss these results at 5:00 p.m. Eastern Time (21:00 GMT). Interested parties calling from the United States should call 800-553-0272. For international access, the conference call number is +1-612-288-0318. The password for the conference call is Compuware.
A conference call replay will also be available. The United States replay number will be 800-475-6701, and the international replay number will be +1-320-365-3844. The replay passcode is 798236. For more information, visit the Compuware Corporation Investor Relations web site at http://www.compuware.com/.
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