Compuware Corp. shares jumped Friday after the technology-management software maker reported fiscal fourth-quarter earnings that beat Wall Street's expectations.
Shares in the Detroit-based software maker gained 65 cents, nearly 9 percent, to $7.92 in afternoon trading.
Compuware said late Thursday that earnings for the January-March quarter fell 33 percent to $37.4 million, or 16 cents per share, from $48.4 million, or 20 cents in the same period a year ago.
But that was still better than expected. Analysts surveyed by Thomson Financial had predicted earnings of about 14 cents per share.
Revenue slipped 9 percent to $230 million from $253.4 million in the year-ago quarter, barely less than the $230.9 million analysts had forecast.
Excluding products Compuware has sold off, its software license fees rose in the quarter.
For the full year, Compuware said its net income edged up 1 percent to $140.8 million, or 60 cents per share, and revenue fell 18 percent to $892.2 million.
© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.