Full story---> Compuware Provides 4Q Guidance >CPWR
Compuware Announces Preliminary Financial Results
For Fourth Quarter Fiscal 2001 EPS Estimate on Target; Negative Impact of
Foreign Currency Affects Revenue
FARMINGTON HILLS, Mich., April 6 /PRNewswire/ -- Compuware Corporation
(Nasdaq: CPWR) today announced preliminary financial results for its fourth
quarter ended March 31, 2001. Compuware will host a conference call today
at 5 p.m. Eastern Daylight Time (EDT). The conference call telephone number
for calls originating in the United States is 877-459-8388. For those calls
originating outside the United States, the number is 712-271-3836. The
conference call password is COMPUWARE. A replay of the conference call will
be available shortly after its conclusion. To reach the replay from the
United States, call 800-891-8246. To reach the replay from outside of the
United States, call 402-220-2260.
(Photo: newscom.com )
Compuware will announce final results for its fourth quarter on Wednesday,
May 2, 2001.
Compuware estimates its fourth quarter revenues will be in a range of
$505-to-$515 million, compared with the consensus analyst estimate of $548
million. Earnings per share (diluted computation before amortization
expense) are estimated to be in a range of $.15-to-$.17, on target with the
consensus analyst estimate of $.16. Compuware President and Chief Operating
Officer Joe Nathan attributed $10-to-$15 million of the revenue shortfall to
the negative impact of foreign currency and the reorganization of the
professional services business.
"Foreign currency exchange rates significantly dampened what would have been
a solid quarter, given current economic conditions," Nathan said. "But we
are pleased with the sequential growth we see in our earnings and
distributed product line, evidence that our transition to a
transaction-based business model is succeeding."
Commenting on Compuware's Professional Services Division, Nathan said: "As
we conclude our reorganization of the Professional Services Division, our
profitability is solid, and we are confident that this aspect of our
operations is now on solid footing and is positioned to grow."
Compuware Corporation
With fiscal 2000 revenues of more than $2 billion, Compuware Corporation
provides business value through software and professional services that
optimize productivity and reduce costs across the application life cycle.
Meeting the rapidly changing needs of businesses of all sizes, Compuware's
market-leading solutions improve the quality, ease the integration and
enhance the performance of distributed, e-business and enterprise software.
Compuware employs approximately 15,000 information technology professionals
worldwide. For more information about Compuware, please contact the
corporate offices at 800-521-9353. You may also visit Compuware on the
World Wide Web at compuware.com . |
