Compuware Earnings Cheat Sheet: Consecutive Profit Quarter Streak Stays Intact

S&P 500 (NYSE:SPY) component Compuware Corporation (NASDAQ:CPWR) reported its results for the second quarter. Compuware provides software products and professional services that improve the performance of information technology organizations.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Compuware Earnings Cheat Sheet for the Second Quarter

Results: Net income for Compuware Corporation fell to $22.7 million (10 cents per share) vs. $26 million (12 cents per share) a year earlier. This is a decline of 12.7% from the year earlier quarter.

Revenue: Rose 15.4% to $260.7 million from the year earlier quarter.

Actual vs. Wall St. Expectations: CPWR fell in line with the mean analyst estimate of 10 cents per share. It beat the average revenue estimate of $249.5 million.

Quoting Management: “Compuware posted a solid quarter in Q2, with strong momentum in all top-line revenue categories,” said Compuware Chief Executive Officer Bob Paul. “Moving forward this year, we will leverage these positive operating results by putting a laser focus on enhancing operating margins and by capturing additional market share with our growth drivers.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 11.4% to $230 million in the first quarter. The figure rose 8.5% in the fourth quarter of the last fiscal year from the year earlier and climbed 7.5% in the third quarter of the last fiscal year from the year-ago quarter.

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the first quarter, it topped the mark by 2 cents, and in the fourth quarter of the last fiscal year, it was ahead by 2 cents.

Net income has increased 9.4% year over year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 39.3% from the year earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from 17 cents a share to 16 cents over the last ninety days. For the fiscal year, the average estimate has been unchanged at 55 cents a share.

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Quest Software, Inc. (NASDAQ:QSFT), BMC Software, Inc. (NASDAQ:BMC), Novell, Inc. (NASDAQ:NOVL), Red Hat, Inc. (NYSE:RHT), Microsoft Corporation (NASDAQ:MSFT), OPNET Technologies, Inc. (NASDAQ:OPNT), and Sybase, Inc. (SY).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

(Source: Xignite Financials)