Compuware Corporation Lowers FY 2012 EPS Guidance; Updates FY 2012 Revenue Guidance Below Analysts' Estimates

Compuware Corporation announced that for fiscal 2012, due to APM's slower-than-expected start and the flattening of the Mainframe Solutions business in the second half, it now expect EPS of $.40-$0.42 per share on roughly 8%-10% revenue growth. The Company reported revenue of $929 million in fiscal 2011. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $0.47 and revenue of $1.034 billion for fiscal 2012.