Compuware Corp. (CPWR, Financial) filed Quarterly Report for the period ended 2012-06-30.
Compuware Corporation has a market cap of $1.96 billion; its shares were traded at around $9.355 with a P/E ratio of 24.4 and P/S ratio of 2. Compuware Corporation had an annual average earning growth of 11% over the past 10 years.
Software solutions revenue declined $3.4 million or 1.9% for the first quarter of 2013 as compared to the first quarter of 2012 due primarily to a $17.6 million decline in mainframe revenue and a $1.0 million decline in Changepoint revenue partially offset by a $15.7 million increase in APM revenue. Software solutions contribution margin declined to 33.1% during the first quarter of 2013 from 36.6% during the first quarter of 2012 due to the decline in mainframe revenue which generates higher margins than other segments.
Professional services segment revenue declined $4.9 million or 12.2% during the first quarter of 2013 as compared to the first quarter of 2012. Contribution margin declined to 17.5% in the first quarter of 2013 from 20.8% during the first quarter of 2012 due to the reduction in revenue (see “Professional Services” for additional information).
Software license fees (“license fees”) decreased $132,000 during the first quarter of 2013, which included a negative impact from foreign currency fluctuations of $1.6 million. Excluding the impact from foreign currency fluctuations, license fees increased $1.5 million for the first quarter of 2013 as compared to the same period of the prior year. The increase was primarily due to an increase in APM software license revenue, partially offset by a decline in mainframe license revenue (see the discussion within “Software Solutions by Business Segment” for more details).
During the first quarters of 2013 and 2012, for software license transactions that were required to be recognized ratably, we deferred $4.2 million and $2.9 million, respectively, of license fees relating to such transactions that closed during the period. We recognized as license fees $7.9 million and $13.6 million of previously deferred license revenue during the first quarters of 2013 and 2012, respectively, relating to such transactions that closed and had been deferred prior to the beginning of the period.
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Compuware Corporation has a market cap of $1.96 billion; its shares were traded at around $9.355 with a P/E ratio of 24.4 and P/S ratio of 2. Compuware Corporation had an annual average earning growth of 11% over the past 10 years.
Highlight of Business Operations:
Experienced a decline in total revenue of $3.8 million for the first quarter of 2013 as compared to the first quarter of 2012 due primarily to a $5.4 million decline in professional services fees and a $4.0 million decline in maintenance fees, partially offset by a $4.4 million increase in application services fees and a $1.4 million increase in subscription fees.Software solutions revenue declined $3.4 million or 1.9% for the first quarter of 2013 as compared to the first quarter of 2012 due primarily to a $17.6 million decline in mainframe revenue and a $1.0 million decline in Changepoint revenue partially offset by a $15.7 million increase in APM revenue. Software solutions contribution margin declined to 33.1% during the first quarter of 2013 from 36.6% during the first quarter of 2012 due to the decline in mainframe revenue which generates higher margins than other segments.
Professional services segment revenue declined $4.9 million or 12.2% during the first quarter of 2013 as compared to the first quarter of 2012. Contribution margin declined to 17.5% in the first quarter of 2013 from 20.8% during the first quarter of 2012 due to the reduction in revenue (see “Professional Services” for additional information).
Software license fees (“license fees”) decreased $132,000 during the first quarter of 2013, which included a negative impact from foreign currency fluctuations of $1.6 million. Excluding the impact from foreign currency fluctuations, license fees increased $1.5 million for the first quarter of 2013 as compared to the same period of the prior year. The increase was primarily due to an increase in APM software license revenue, partially offset by a decline in mainframe license revenue (see the discussion within “Software Solutions by Business Segment” for more details).
During the first quarters of 2013 and 2012, for software license transactions that were required to be recognized ratably, we deferred $4.2 million and $2.9 million, respectively, of license fees relating to such transactions that closed during the period. We recognized as license fees $7.9 million and $13.6 million of previously deferred license revenue during the first quarters of 2013 and 2012, respectively, relating to such transactions that closed and had been deferred prior to the beginning of the period.
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