PeopleSoft Sees Revenue Above Views
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday forecast third-quarter revenue would exceed Wall Street expectations, saying it added 150 new customers and had more large
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BOLSTERED by investors, Oracle appears set to complete its long-sought takeover of PeopleSoft, unless its rival proves it is worth more than the $US9.2 billion ($11.7 billion) bid currently on the table.
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PeopleSoft Inc. on Monday said it expects quarterly revenue to beat Wall Street estimates, bolstering its case to remain independent, and its shares fell 2 percent.
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BUSINESS software maker Oracle&#39;s quarterly earnings just exceeded analyst expectations, overcoming sluggish sales in applications the company hopes to remedy through its takeover bid for rival PeopleSoft.
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Oracle Corp. , the world's second-largest business software maker, on Wednesday forecast 2005 and 2006 earnings above Wall Street estimates, helped by its &#36;10.3 billion acquisition of PeopleSoft.
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SAN FRANCISCO -- Bolstered by investors, Oracle Corp. appears destined to complete its long-sought takeover of PeopleSoft Inc. unless its rival becomes more profitable and proves it's worth more than the $9.2 billion bid currently on the table.
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With Oracle cinching a critical antitrust victory on Thursday, PeopleSoft will find it increasingly difficult to resist its rival&#39;s $7.
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Oracle Corp.  on Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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PeopleSoft reported a profit and rising revenue Thursday, as the Pleasanton software company sought to steady its footing after several setbacks in its fight against rival Oracle's &#36;7.7 billion hostile takeover bid.
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PeopleSoft Inc.  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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WILMINGTON, Del.  - PeopleSoft Inc.'s PSFT.O  chief financial officer on Wednesday said the company's  customer assurance program might not force liabilities on  Oracle Corp. ORCL.O if its $7.7 billion takeover bid  succeeds.
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PeopleSoft Inc. PSFT.O on  Thursday reported a quarterly net profit, after a year-earlier  loss, as the company saw stronger sales of its  business  software than what it had forecast earlier despite its  continued fight to block a takeover from rival Oracle Corp.
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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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At its user conference on Wednesday, Oracle continued sending mixed messages to PeopleSoft customers concerned about how Oracle will support their products if it succeeds in its $9.2 billion takeover bid.
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PeopleSoft Inc. 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. 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 says its quarterly revenues will beat analyst expectations, thanks to an increase in the number of orders of more than $1 million.