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Compuware 2Q revenue beats analysts' targets

October 20, 2011

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DETROIT—Software maker Compuware Corp. said Thursday that its second-quarter net income slipped as the cost of professional services, technology development and support outweighed revenue gains.

But the results topped Wall Street's expectations and its shares rose in extended trading.

Net income in the three months to Sept. 30 fell to $22.7 million, or 10 cents per share, from $26 million, or 12 cents per share, a year earlier.

Revenue grew 15 percent to $260.7 million from $225.9 million a year ago.

Analysts polled by FactSet were looking for 11 cents per share of earnings on revenue of $250.4 million.

Shares rose 65 cents, or 7.3 percent, to $9.50 in after-hours trading after closing up 11 cents, or 1.3 percent, at $8.85 in the regular session.