Compuware Slashes Q4 Earnings and Revenue Guidance, Shares Fall in Afterhours Trading (CPWR)
Compuware Corporation (NASDAQ: CPWR) said late last evening that sharp drop in licensing fees will weigh on the fiscal fourth quarter financials.
Speaking to analysts in a conference call, Compuware’s Chief Executive Officer, Bob Paul said revenue from software licensing will be in the range of $46 million to $48 million, way below from preceding quarter’s $64.8 million and $67.9 million, in the same quarter of the last fiscal year.
Shares tumbled almost 3% in aftermarket hours.
The Detroit based IT and software services provider said that after initial analysis of financials points out non-GAAP earnings in the fiscal fourth quarter will be 5 to 6 cents a share while revenue is expected to be in the range of $237 million or $241 million.
Analysts’ consensus estimate was for earnings of 17 cents a share on revenue of $272.8 million, according to a data compiled by FactSet Research.
For the current fiscal year, Compuware now expects earnings to be in the range of 26 cents to 28 cents a share, on revenue of $942 million to $946 million. Analysts’ consensus estimate was for earnings of 43 cents a share on revenue of $977.4 million.
Meanwhile, revenues from other operations are likely to be flat, showed Company’s forecast.
Revenue from maintenance division is expected between $99 million and $101 million compared to $104.6 million in the year-earlier quarter, revenue from services segment is anticipated between $45 million and $46 million compared to year-earlier quarter’s $51.8 million while revenue from subscription is expected at $21 million compared to $20.3 million, in the same quarter of last year.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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