Compuware Corporation Announces Preliminary Financial Results

7/5/2002 - Compuware Corporation (Nasdaq: CPWR) today announced preliminary financial results for its quarter ended June 30, 2002. Compuware estimates its fiscal 2003 first quarter revenues will be in a range of $329-$341 million. Earnings per share (diluted computation) are expected to be 5 or 6 cents. The company expects software new license revenue to be in a range of $53-$57 million. Maintenance revenue is expected to be in a range of $100-$104 million. Revenue from professional services will be in a range of $176-$180 million.

“The seasonality in our business was more pronounced than usual, and the technology spending environment remains difficult,” said Compuware President Joe Nathan. “However, Compuware continues to be profitable, and our cash flow for the quarter will exceed $90 million. We will provide more information on these results during our July 16 conference call.”

Compuware will announce final results for its fiscal 2003 first quarter on Tuesday, July 16.

Compuware Corporation
Compuware Corporation, a multi-billion dollar company, provides business value through software and professional services that optimize productivity and reduce costs across the application life cycle. Meeting the rapidly changing needs of businesses of all sizes, Compuware’s market-leading solutions improve the quality, ease the integration and enhance the performance of distributed, e-business and enterprise software. For more information about Compuware, please contact the corporate offices at 800-521-9353. You may also visit Compuware on the World Wide Web at

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