Compuware posts first full-year revenue growth since 2000

The dot-com bust may finally be over. Tech company Compuware Corporation (NASDAQ: CPWR) posted 4Q 2007 earnings and FY 2007 earnings, both of which were good. 4Q 2007 revenues totaled $313 million, with net income of $67.5 million. Diluted EPS was $0.21. Revenues break down into just over $73 million for software license fees, $118 million for maintenance fees, and $122 million for service fees.

Compuware has been busy these past several quarters. In 4Q it completed the acquisition of Proxima Technology, and also launched a bundle of software testing services called Compuware Test Factory. It will partner with IT service company Atos Origin to provide outsourced software testing services worldwide. Domestically, Compuware partnered with health care management giant CIGNA (NYSE: CI) to provide the structure for health care information exchange between medical providers and insurance companies. Compuware also introduced applications designed to provide additional security for mainframe data storage. It also expanded the availability of Compuware Unifaec 9.1, designed to work across Web, Windows, Unix, or mainframe platforms.

These initiatives contributed to Compuware's good FY 2007 numbers, the first full-year revenue growth since 2000. FY revenues were $1.2 billion with net income of $158 million, an increase of 10%. FY diluted EPS is $0.45, a 21% increase. FY revenue breakdown is $283.4 million for software license fees, $457.6 million for maintenance fees, and service fees of $472 million. Already more than 90% of Fortune 100 companies use Compuware to increase efficiency, control costs, and improve productivity. The stock recently closed at $11.20, down $0.02.