Boston, MA 10/28/2013 (wallstreetpr) – Through a conference call the management of Compuware Corporation (NASDAQ:CPWR) made public their Q2 results for the 2014 fiscal year that ended September 30. The company also disclosed some of the highlights that they achieved over the same period.
To begin with the company’s total revenue for the quarter ended was $228.1 million. This reflected a $0.13 per share revenue on a non-GAAP basis which is a 62.5% growth and $0.07 per share revenue on a GAAP basis which is a 40% growth. The total revenue was 3.4% up as well.
The company also highlighted respectable top line growth including a strong growth in the APM and Covisint businesses as well as stabilization of their mainframe businesses. The company also made $35.7 million from software license sales, which was a 12.7% growth, subscription fees stood at $20.7 million a 2.1% growth while professional services raked in $46.7 million to see a 1.7% growth and the application services revenue came in at $24.5 million a 19.4% growth. The company saw its maintenance cost fall by 1.7 % to settle at $100.5 million.
The company also announced that in the same period, it completed its initial public offering of 7.36 million shares of common stock of its Covisint subsidiary to the public. In that same quarter the company also announced the availability of Google Chrome Browser Agent technology within the Compuware performance network. The company also announced the inclusion of the Kansas-city based St Luke’s Health System to their Covisint healthcare platform to help achieve its patient centered medical home (PCMH) designation. The good performance of the company was attributed to the effectiveness of the business optimization efforts across the company and the cost reduction measures. The results were seen as a proof point of the substantial growth and the effectiveness of the new measures.
