UPDATE 1-Compuware Q1 results beat market estimates

miércoles 23 de julio de 2008 22:52 CEST

(Recasts; adds details, share movement)

July 23 (Reuters) - Software maker Compuware Corp CPWR.O posted first-quarter results above market estimates, helped by a 30 percent jump in software license fees revenue.

The company posted first-quarter earnings of $34.7 million, or 13 cents a share, compared with $189,000, or breakeven per share, in the year-ago period.

Total revenue rose 7 percent to $298.6 million.

Software license fees revenue jumped to $61.4 million from $47.3 million a year earlier. Maintenance fees revenue rose 11 percent to $126.5 million.

Analysts on average expected the company to earn 10 cents a share, before items, on revenue of $294.6 million, according to Reuters Estimates.

Shares of the company closed at $10.51 Wednesday on Nasdaq. (Reporting by Bijoy Koyitty in Bangalore; Editing by Deepak Kannan)