Compuware Announces Fiscal Year 2013 Q1 Results

• Earns five cents per share on $226.2M in total revenues; repurchases 1.7 million shares in Q1
  
• APM total revenues jump 28 percent year-over-year to $71.2M; license fees up 95 percent y-o-y to $22.4M, SaaS revenues up 6 percent y-o-y to $19.9M
  
• Covisint revenues increase 27 percent y-o-y to $20.6M 
  
• Professional Services contribution margin reaches 17.5 percent

DETROIT, July 24, 2012 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR), the technology performance company, today announced financial results for its first quarter ended June 30, 2012.

"Driven by technology mega-trends like mobile, cloud and big data analytics, Compuware's growth engines continue to rapidly increase revenues," said Compuware CEO Bob Paul. "Our Compuware APM and Covisint solutions in particular stand squarely in leadership positions for this technology revolution and have led the way to a solid Q1."

The company's growth drivers – Compuware APM and Covisint in particular – produced strong revenue increases in Q1, while Compuware Mainframe Solutions revenues declined year-over-year as expected. The upcoming integration of Compuware APM – dynaTrace and Strobe will offer some potential upside to the Mainframe Solutions business through the industry's only end-to-end transaction management solution.

First Quarter Fiscal Year 2013 Results

During the company's first quarter:

• software license fees were 34.0 million
• maintenance fees were $102.9 million
• subscription fees were $20.5 million
• professional services fees were $48.2 million
• application services fees were $20.6 million

During the first quarter, total revenues were $226.2 million, compared to $230.0 million in the first quarter last year. Net income was $10.5 million, compared to $17.0 million in the first quarter last year. Earnings per share were five cents compared to eight cents last year, based upon 221.4 million and 222.9 million shares outstanding, respectively.

First Quarter Fiscal Year 2013 Highlights

During the first quarter, Compuware:

• Announced a major new release of its integrated application performance management (APM) solution, the Compuware APM platform^®. The Compuware APM Spring 2012 Platform Release introduced a new generation of APM with four industry-first innovations across its dynaTrace and Gomez product brands that help customers optimize the performance and value of business-critical applications.
   
• Previewed major enhancements in Compuware Changepoint 2012, a new release of the company's market-leading professional services automation (PSA) and project portfolio management (PPM) solution.
   
• Launched SpeedoftheWeb.org, a new free online cloud service that helps web application and site owners increase the speed of their most important web properties.
   
• Announced that the Compuware APM^® platform now supports IPv6 across its product brands — Gomez and dynaTrace.
   
• Announced that the Detroit-based Southeast Michigan Beacon Community (SEMBC) selected Covisint's accountable care technology to aggregate regional health information into a comprehensive patient health record.
   
• Released a research paper titled "Mainframe Efficiency in the Real World," which details how 60 global market leaders collectively saved $105 million by optimizing their mainframe environments.
   
• Published the second report of its 2011 "Best of the Web" series showcasing the leaders in web and mobile site performance. The report is titled "Best of the Web Performance Trends 2011."

Compuware Corporation

Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.

The Compuware logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5950

Conference Call Information

Compuware will host a conference call to discuss these results at 5:00 p.m. Eastern time (21:00 GMT) today. To join the conference call, interested parties in the United States should call 800-288-8974. For international access, the conference call number is +1-612-332-0725. No password is required.

A conference call replay will also be available. The United States replay number will be 800-475-6701, and the international replay number will be +1-320-365-3844. The replay passcode will be 251814. Additionally, investors can listen to the conference call via webcast by visiting the Compuware Corporation Investor Relations web site at http://www.compuware.com.

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.

CONTACT: Lisa Elkin, Senior Vice President,
         Investor Relations, 
         Marketing and Communications 
         +1-313-227-7345