Compuware Corporation (CPWR) yesterday reported revenues of $214.4 million for the first quarter ended June 30, 2009, down 28% year over year and falling short of the consensus estimate of $217.8 million. CPWR provides software products and professional services to many of the large users of information systems around the world. It serves more than 70% of the Fortune 500 companies and has over 23,000 customers spread across many industries worldwide. GAAP EPS came in at $0.21 while non-GAAP EPS (excluding restructuring charges) came in at $0.22 beating consensus estimate of $0.13 due to strong performance by the business service delivery strategy. The divestiture of Quality Solutions fetched gains of $52.4 million. Management stated that software license fees exceeded expectations. Software license fees came in at $40.5 million compared to $61.4 million in the year-ago quarter. Maintenance fees were ...