PeopleSoft exec: We pumped up earnings
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The company asked customers to accelerate deals in order to bolster earnings--a ploy to exaggerate profits, Oracle lawyers say.
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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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Profits got a boost despite sluggish sales from the challenging environment.
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The Oracle Corporation reported Tuesday that first-quarter earnings had risen 16 percent on strong demand for its flagship database programs, enabling the company
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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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SAN FRANCISCOâDuring his Connect keynote address at PeopleSoft Inc.&#39;s user conference here on Tuesday, CEO Craig Conway pulled all the heartstringsâincluding a round of applause for former PeopleSoft founder Dave Duffield, who was strategically
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The company's fourth-quarter earnings beat analyst expectations.
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PeopleSoft Inc., the business software maker currently fending off a hostile bid from rival Oracle Corp., reported Thursday it swung to a profit as sales increased in three of its business lines.
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Oracle Corp. , the world'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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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. 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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Shares finished higher Thursday as investors set aside concerns about downbeat economic reports and focused on Oracleâs strong profits statement.
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When I bought shares of Oracle (Nasdaq: ORCL) last week, my thesis was that the company would continue growing its cash flows substantially, boosting enterprise value and, therefore
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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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Favorable earnings boost shares -- but are they too high already?
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Business software maker PeopleSoft Inc. said Monday that it expects third-quarter revenue to range between $680 million and $695 million, above average Wall Street estimates of $651.
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It&#39;s been a good year for Oracle (Nasdaq: ORCL) CEO Larry Ellison. In all, Oracle posted breathtaking earnings gains, beat a Justice Department lawsuit, forced the firing of a key rival, and