Discuss Detroit Archives - Beginning January 2006 Compuware Announces Preliminary Financial Results / CNBC Error Previous Next
Top of pageBottom of page

Dsmith
Member
Username: Dsmith

Post Number: 81
Registered: 07-2005
Posted From: 68.41.202.23
Posted on Wednesday, January 11, 2006 - 10:52 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Compuware announced .09 vs an expected .11. When the news was flashed on CNBC they spelt it "Compuwear", like Dame Dash had bought it.
-----

Compuware Corporation Announces Preliminary Financial Results
- PR Newswire

DETROIT, Jan 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Compuware Corporation today announced preliminary financial results for its third quarter, ended December 31, 2005. Compuware estimates its fiscal 2006 third quarter revenues will be approximately $305 million. The company expects earnings for the quarter to be approximately nine cents.

The company expects new license revenue to be approximately $83 million and maintenance revenue to be approximately $107 million. Revenue from professional services is expected to be approximately $115 million.

"While Compuware again generated strong profits this quarter, we fell short of Wall Street expectations," said Compuware Chairman and CEO Peter Karmanos, Jr. "Third quarter demand was not as strong as anticipated, and the business underperformed. During the third quarter I led Compuware's management team through a careful examination of every aspect of the company's business. During the fourth quarter, we will announce and implement major changes designed to ensure Compuware's short- and long-term business success."

Compuware will announce final results for its fiscal 2006 third quarter on January 26, 2006.

Compuware Corporation

Compuware Corporation is a world leader in delivering software and services that enable businesses to manage their enterprises and maximize the value of their IT assets. Compuware solutions accelerate the development, improve the quality and enhance the performance of business- driving applications. 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/.

Press Contact:

Lisa Elkin, Vice President, Communications and Investor Relations, +1-313-227-7345

Certain statements in this release that are not historical facts, including those regarding the Company's future plans, objectives and expected performance, are "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements represent our outlook only as of the date of this release. While we believe any forward- looking statements we have made are reasonable, actual results could differ materially since the statements are based on our current expectations and are subject to risks and uncertainties. These risks and uncertainties are discussed in the Company's reports filed with the Securities and Exchange Commission. Readers are cautioned to consider these factors when relying on such forward-looking information. The Company does not undertake, and expressly disclaims any obligation, to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE Compuware Corporation
Top of pageBottom of page

Sharmaal
Member
Username: Sharmaal

Post Number: 535
Registered: 09-2004
Posted From: 136.1.1.101
Posted on Wednesday, January 11, 2006 - 11:47 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I wonder if he cussed out the Analyst's again! Probably not, because it was a decent quarter.
Top of pageBottom of page

Brandon48202
Member
Username: Brandon48202

Post Number: 45
Registered: 12-2004
Posted From: 68.248.15.192
Posted on Wednesday, January 11, 2006 - 1:06 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Wow, they're getting clobbered! Down 13%!


http://finance.yahoo.com/q?s=c pwr
Top of pageBottom of page

_sj_
Member
Username: _sj_

Post Number: 1179
Registered: 12-2003
Posted From: 69.220.230.150
Posted on Wednesday, January 11, 2006 - 4:32 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)


quote:

we will announce and implement major changes designed to ensure Compuware's short- and long-term business success."




More Layoffs?
Top of pageBottom of page

Livernoisyard
Member
Username: Livernoisyard

Post Number: 70
Registered: 10-2004
Posted From: 69.242.223.42
Posted on Wednesday, January 11, 2006 - 8:43 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

When Compuware sneezes, the "downtown" catches a cold...
Top of pageBottom of page

Jimaz
Member
Username: Jimaz

Post Number: 49
Registered: 12-2005
Posted From: 68.2.191.57
Posted on Thursday, January 12, 2006 - 4:17 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)


quote:

... those changes will not include job cuts,...



http://www.detnews.com/apps/pb cs.dll/article?AID=/20060112/B IZ/601120375/1001
Top of pageBottom of page

Jimaz
Member
Username: Jimaz

Post Number: 50
Registered: 12-2005
Posted From: 68.2.191.57
Posted on Thursday, January 12, 2006 - 4:22 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Oops, later in same article:

quote:

"There are absolutely no layoffs planned," said Lisa Elkin, Compuware's vice president for communications and investor relations, who declined to elaborate.



then:

quote:

"Compuware in general is a fairly top-heavy organization," [Zaineb Bokhari, a technology analyst with Standard & Poor's Equity Research in New York] said, "so I wouldn't be surprised if some reductions in headcount are coming."


Top of pageBottom of page

_sj_
Member
Username: _sj_

Post Number: 1183
Registered: 12-2003
Posted From: 69.220.230.150
Posted on Thursday, January 12, 2006 - 5:42 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

If I was a non revenue producing employee I would get that resume ready.

Add Your Message Here
Posting is currently disabled in this topic. Contact your discussion moderator for more information.