PeopleSoft Sees Revenue Above Views
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PeopleSoft Inc. PSFT.O on Monday  forecast third-quarter revenue would exceed Wall Street  expectations, saying it added 150 new customers and had more  large software license transactions than in the previous  quarter.
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PeopleSoft Inc.  on Monday forecast third-quarter revenue would exceed Wall Street expectations, helped by an increase in customers making larger orders for its business software.
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(InfoWorld) - Broad and strong revenue growth drove Oracle to higher profit in the fourth quarter and the company's full 2007 fiscal year. The software giant's quarterly revenue rose 20 percent from a year earlier to $5.8 billion, and its net income was up 23 percent to $1.6 billion, based on generally accepted accounting principles (GAAP). Earnings rose 27 percent from a year earlier to $0.31 per share. The company boasted of big year-over-year gains in revenue from new database and middleware licenses, new application licenses, services, licensing, and software overall. Full-year revenue was also up, with a 25 percent increase to $18 billion. Net income and earnings per share for the year also rose. Excluding certain items, Oracle earned $0.37 per share in the quarter. That result beat estimates by analysts polled by Thomson Financial, who had expected $0.35 per share. Revenue also beat analysts' consensus estimate of $5.6 billion. "It was a great year," president and chief financial officer Safra Catz said in a news release. (More to follow.)
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday forecast third-quarter revenue would exceed Wall Street expectations, helped by an increase in customers making larger orders for its business software.
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SAN FRANCISCO: PeopleSoft said yesterday it has logged more business business software license revenue in its current fiscal quarter than arch-rival Oracle, which recently got US court approval of its bid to take over PeopleSoft.
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PeopleSoft says its quarterly revenues will beat analyst expectations, thanks to an increase in the number of orders of more than $1 million.
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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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PeopleSoft Inc. will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corp.'s &#36;7.7-billion hostile takeover bid could succeed, PeopleSoft's chief executive said on Tuesday.
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PeopleSoft (Nasdaq: PSFT) said on Monday that quarterly revenues would beat Wall Street's expectations, due to an increase in the number of customers making large orders for its enterprise-application software.
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Today's announcement of Oracle's $10.3 billion buyout of PeopleSoft Inc. isn't drawing rave reviews from the installed based of customers about to be acquired in the deal.
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SAN FRANCISCO - Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.    The Redwood Shores-based company said Tuesday it earned $509 million, or 10 cents per share, during the three months ended in August, a 16 percent improvement from $440 million, or 8 cents per share, at the same time last year...
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PeopleSoft has increased its earnings results for the third quarter after recalculating the income tax benefit related to the severance package for its former CEO, Craig Conway.
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Don't say the O word at PeopleSoft's conference, where the company tries to entice customers to stick around and upgrade.
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(InfoWorld) - Oracle reported another strong financial quarter on Monday, posting $4.2 billion in revenue for the second quarter of fiscal 2007, results that beat analysts estimates by 1 percent. However, there were signs in its software revenue results that the company's growth spurt on the strength of acquisitions of PeopleSoft and Siebel Systems could be coming to a halt. The company's revenue in the same period of last year was $3.39 billion. While Oracle's most recent quarterly revenue was slightly higher than the $4.15 billion analysts polled by Thomson Financial expected the vendor to earn, earnings per share, which were $0.22, met their expectations. Net income was $1.17 billion, a 20 percent growth over the $972 million reported in the same quarter of last year. Analysts were keeping a keen eye on software license revenue during the quarter, and results show that their concern that Oracle's revenue surge is the result of acquisitions, and not strength in its own core software business, could be valid. Oracle's software revenue, which was $3.21 billion, grew 19 percent year over year, coming in on the low end of the company's growth expectations of 19 percent to 21 percent. Moreover, new software license revenue for the quarter was $1.21 billion, an increase of only 14 percent over the same period last year when the company had predicted an increase of 15 percent to 20 percent. Software license update and product support revenue came in stronger, at $2.01 billion, an increase of 25 percent over the same period last year. Still, analysts likely will see Oracle's software license revenue results as a sign of weakness for the vendor. In a statement, Oracle maintained its customary bravado, attributing its results to strong sales in all three of its core software areas -- applications, middleware and database. A statement from Oracle President Charles Phillips on second quarter results made claims that Oracle continues to steal market share from rivals in these areas. On a conference call to discuss results on Monday, Oracle President and Chief Financial Officer Safra Catz acknowledged that Oracle missed its objective for software revenue growth in the quarter. She attributed this misstep to the company failing to execute on key deals that should have closed in the quarter but did not. She said to alleviate the execution problem going forward, Oracle will focus on letting salespeople work in the field rather than spend time engaged in sales meetings and other activities that don't lend themselves to deal-closing. "We think additional focus ... and better pipeline management should mean better results," Catz said. Overall, executives on the call seemed to have a lot of faith in Oracle's backlog of unfinished sales deals, which Catz said is very big, to contribute to Oracle's success in the remainder of 2007. Larry Ellison, Oracle's chief executive officer, noted that a good portion of the deals in the pipeline are wins in vertical markets where Oracle has not traditionally played. He said retail has been a key growth area for the company, claiming that eight of the 10 largest retailers in North America now use Oracle's retail applications, whereas only one uses rival SAP AG's. Ellison said growth in the retail sector will begin to have a noticeable effect on Oracle's software revenue. "Retail will actually move the needle," he said. Ellison also said Oracle plans to continue its "dual strategy" of growing the company through both internal development and acquisition, a comment that may hint the company is eyeing more purchases to build out its massive software and applications portfolio. Â
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PeopleSoft Inc. will push ahead  with a new marketing alliance with IBM and other initiatives  despite a recent court ruling that bolstered Oracle Corp.'s  $7.7-billion hostile bid to acquire the company, PeopleSoft's  CEO said on Tuesday.
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Peoplesoft forecasts stronger-than-expected sales as it prepares to fight a takeover bid from Oracle in court.
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PeopleSoft Inc.'s  chief financial officer on Wednesday said the company's controversial customer assurance program, now being challenged in court, might not force liabilities on Oracle Corp.  if its &#36;7.7 billion takeover bid succeeds.