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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (20628)	4/29/1999 4:41:00 PM
From: dppl	Read Replies (1) \| Respond to of 67846

Garbage alert - CPWR 31 cents vs. 29 est Compuware Reports Record Fourth Quarter Revenue And Fiscal Year 1999 Financial Results FARMINGTON HILLS, Mich., April 29 /PRNewswire/ -- Compuware Corporation (Nasdaq: CPWR) today announced financial results for its fourth quarter and fiscal year ended March 31, 1999. Compuware reports record fourth quarter revenue of $500.1 million, an increase of 39.8 percent from $357.8 million during the same quarter last year. Income from operations grew 69.2 percent to $178.7 million from $105.6 million in the fourth quarter of the previous fiscal year. Before special charges, net income increased 57.6 percent to $124.0 million from $78.7 million in the same quarter last year. Software license fees increased 38.0 percent to $232.4 million from $168.4 million in the fourth quarter of the previous fiscal year and maintenance fees increased 37.0 percent to $92.2 million from $67.3 million during the same period last year. Professional services fees increased 43.7 percent to $175.6 million from $122.1 million during the fourth quarter. Earnings per share (diluted computation) increased 63.2 percent to 31 cents from 19 cents (including purchased research and development charges of $3.2 million during the fourth quarter of Fiscal Year 1998) based upon 403.2 million and 397.6 million shares outstanding, respectively. Excluding purchased research and development charges last fiscal year, earnings per share (diluted computation) increased 55.0 percent to 31 cents from 20 cents. During the fiscal year ended March 31, 1999, revenues increased 43.8 percent to $1.638 billion from $1.139 billion, an increase of $499.0 million. Income from operations during the fiscal year increased 83.1 percent to $500.6 million from $273.4 million. Before purchased research and development charges of $4.4 million during fiscal year 1999, net income increased 77.7 percent to $352.7 million from $198.5 million (before purchased research charges of $3.2 million and merger-related costs of $3.6 million in the previous fiscal year). Including special charges, net income increased 80.4 percent to $349.9 million from $193.9 million in the previous fiscal year. Earnings per share before special charges (diluted computation) increased 72.5 percent to 88 cents from 51 cents, based upon 402.0 million and 387.4 million shares outstanding, respectively. Earnings per share including special charges (diluted computation) increased 74.0 percent to 87 cents from 50 cents.