Hmm, it's not bad as it is. Here are some things I would do differently: 
while (<REPORT>) {
    s/^\s+//;    # get rid of leading whitespace
    s/\s+$//;    # get rid of trailing whitespace
    tr/\r//d;    # get rid of carriage returns the quick way
    tr/\n/³/;    # superscript 3?  I don't get it.
    s/.+ : //;    # get rid of headers
    if (s/^\*+$//) {
        $count++;
    }        # get rid of all asterisk rows, one for each record
    if (/(Cosmetics|Function)/) {
        s/.+_X_(Pass|Fail).*/$1/;    # remove all but Pass or Fail
    }

[download]
and the other section looks about as compact as possible. I don't really see the point of s/.{129}//, though (it's not anchored, and 129 is an odd number). Perhaps substr would be more efficient. On second thought, you could do something like this: 
s/Failure Detail - //g;    # must come before next regexp
s/³(Pass|Fail)/³$1³/;    # Pass -> Pass³, Fail³ -> Fail³³ (implied :)

[download]
That depends on some assumptions about your dataset, notably that there are no instances of "Fail" which don't meet the search criteria.

In reply to RE: clearer code by chromatic
in thread clearer code by Simplicus

Title:
Use:  <p> text here (a paragraph) </p>
and:  <code> code here </code>
to format your post, it's "PerlMonks-approved HTML":


  • Posts are HTML formatted. Put <p> </p> tags around your paragraphs. Put <code> </code> tags around your code and data!
  • Titles consisting of a single word are discouraged, and in most cases are disallowed outright.
  • Read Where should I post X? if you're not absolutely sure you're posting in the right place.
  • Please read these before you post! —
  • Posts may use any of the Perl Monks Approved HTML tags:
    a, abbr, b, big, blockquote, br, caption, center, col, colgroup, dd, del, details, div, dl, dt, em, font, h1, h2, h3, h4, h5, h6, hr, i, ins, li, ol, p, pre, readmore, small, span, spoiler, strike, strong, sub, summary, sup, table, tbody, td, tfoot, th, thead, tr, tt, u, ul, wbr
  • You may need to use entities for some characters, as follows. (Exception: Within code tags, you can put the characters literally.)
            For:     Use:
    & &amp;
    < &lt;
    > &gt;
    [ &#91;
    ] &#93;
  • Link using PerlMonks shortcuts! What shortcuts can I use for linking?
  • See Writeup Formatting Tips and other pages linked from there for more info.