Red Ink: Compuware Shows $17-Million Loss For 2013

Last year was brighter than the current one for Compuware, its latest financial figures confirm. Nathan Bomey has details in the Free Press.

Detroit-based Compuware swung to a $17-million net loss for its fiscal year 2013, a year after posting a profit of $88 million. . . .

CEO Bob Paul said the company is taking aggressive measures to reduce its costs and boost its margins, “although we should have started earlier,” he said.

Compuware said it expects to have $19 million in reduced "people costs" in the 2014 fiscal year after actions that have already taken place, including layoffs in March.

The downtown technology firm is the target of an unsolicited takeover bid by a New York investment fund, Elliott Management.

Compuware Ventures provided 2012 start-up financing for Deadline Detroit.