London software testing news UK

Compuware annouce 2007 Q3 results

Posted in Acceptance testing by testing in London on January 29, 2008

From PRnewswire

Compuware, a multi-faceted organisation that supplies automated software testing tools such as QALoad amongst its portfolio of offerings, has announced final financial results for its quarterended December 31, 2007.

“Compuware achieved Q3 results that demonstrated both the strength and growth potential of the business,” said Compuware Chairman and CEO Peter Karmanos, Jr. “Specifically during Q3, the company delivered a dramatic increase in total product commitments, excellent operating cash flow,
growing maintenance and improved year-over-year license fees in some of its most important product lines. I join Compuware employees around the world in maintaining my confidence in the future of the business, both in the near and the long-term.”

Compuware reports third quarter revenues of $309.3 million, compared to $315.1 million in the same quarter last year. Earnings per share — before restructuring charges — were 14 cents. On a GAAP basis, earnings per share were 13 cents, an increase of 18 percent from 11 cents in the same quarter
last year, based upon 282.5 million and 343.1 million shares outstanding, respectively.

Compuware’s third quarter net income — before restructuring charges –was $38.8 million, an increase of six percent from net income of $36.5 million in the same period last year. On a GAAP basis, Compuware delivered net income of $35.6 million in Q3, down slightly from Q3 of last year.

Compuware also released a survey in collaboration with the Ponemon Institute revealing  that an overwhelming majority of organizations surveyed risk  compromising critical information by using actual customer data for the  development and testing of applications.

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