Peoplesoft bounces back to profit
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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, has returned to profit.
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Oracle Corp. , the world&#39;s  third-largest software maker, reported on Tuesday higher  quarterly profit as sales of products it acquired over the past  year helped boost earnings.
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NEW YORK  -Stocks rose on Thursday as a reassuring profit and outlook from Oracle Corp  and a higher earnings forecast from Qualcomm Inc  fueled demand for technology stocks.
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NEW YORK: PeopleSoft Inc, fresh from firing its chief executive amid a hostile takeover bid from Oracle Corp, said yesterday that quarterly revenue would exceed Wall Street&#39;s expectations helped by an increase in customers making larger orders for its
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Oracle Corp.  on Monday  posted a 21 percent rise in quarterly profit, helped by sales  of business software licenses to the customers of acquired  rivals like Siebel Systems and PeopleSoft.
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Better-than-expected profit news from Merck also raised the mood on Wall Street, helping shares partly recover from a steep sell-off Friday.
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Oracle Corp.'s quarterly profit surged 21 percent as the business-software maker reaped the latest returns from a two-year shopping spree that has eliminated several major rivals and shored up its product line.
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SAN FRANCISCO - Oracle Corp. topped Wall Street's profit forecast, but the business software maker saw sales of its business applications software slide 36 percent - with the reversal of that slump a key goal behind Oracle's tenacious pursuit of rival PeopleSoft Inc...
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Oracle's earnings exceeded expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a takeover of rival PeopleSoft.
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And slaps $1.3bn on Q2 bottom line Database giant Oracle said yesterday that it saw earnings jump by 35 per cent in its second quarter buoyed by strong sales of software licenses.â¦
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PeopleSoft Inc. Monday raised its forecast for the just-ended quarter, helped by an increased average selling price and strong performances in North America and Europe.
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PeopleSoft Inc.  on Thursday returned to profit in the third quarter from a year earlier with a 12 percent rise in sales that upended market fears that Oracle Corp.'s takeover bid had damaged PeopleSoft's business in the quarter.
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Oracle Corp. fared far better than analysts anticipated in its fiscal second quarter, easing worries that the sagging U.S. economy and slowing corporate spending on technology would drag down the business software maker.
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PeopleSoft Inc. PSFT.O on  Thursday returned to profit in the third quarter from a year  earlier with a 12 percent rise in sales that upended market  fears that Oracle Corp.'s takeover bid had damaged PeopleSoft's  business in the quarter.
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Robust software sales pushed Oracle&#39;s second-quarter net income up 35 percent compared to the same period last year, to $1.3 billion, or $0.25 per share, the company said Wednesday.
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The Nasdaq composite index rose on Thursday as a reassuring profit and outlook from Oracle Corp and a higher earnings forecast from Qualcomm Inc added to optimism about technology stocks.
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Oracle Corp. ORCL.O posted a   quarterly profit on Tuesday that topped Wall Street estimates   as new business software license revenue rose, sending its   shares up 13 percent to their highest in four years.