PeopleSoft Says 3rd-Qtr License Revenue Tops Oracle&#39;s
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PeopleSoft Inc., which is fighting a takeover bid from Oracle Corp., said revenue from new software licenses this quarter has exceeded Oracle&#39;s sales of the same kind of products in its most-recent period.
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Oracle Corp. , the world&#39;s third  largest software maker, reported profit that beat Wall Street  expectations on Tuesday and gave a positive growth outlook for  the current quarter that nudged its shares higher.
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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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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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Oracle Corp. Chairman Jeffrey Henley said the software maker is determined pursue its $7.7 billion takeover of PeopleSoft Inc. after reporting its new applications software license business tumbled 36 percent last 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.Total revenue grew by 28 percent to $5.3 billion, Oracle said.Excluding one-time charges, Oracle&#39;s reported earnings per share were $0.31, beating forecasts of $0.27 per share from analysts polled by Thomson Financial.Oracle logged major gains in new license revenue for applications, which rose by 63 percent, and in database and middleware products, which logged a 28 percent increase. The company saw services-based revenue grow by 22 percent to $1.2 billion over last year.(More to follow.)
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SAN FRANCISCO -- Ending 18 months of hostility, Oracle Corp. has raised its takeover bid for rival PeopleSoft Inc. by 10 per cent to seal a $10.3-billion US deal that will create the world&#39;s second-largest maker of business applications software.
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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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PeopleSoft Inc. posted a third-quarter profit and said sales beat analysts&#39; estimates, a turnaround that may encourage Oracle Corp.
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Oracle Corp. reported revenue and earnings growth in its first fiscal quarter, with its revenue from new software licenses rising 7 percent, to $563 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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Business software maker Oracle   Corp. ORCL.O posted a quarterly profit on Tuesday that topped   Wall Street forecasts as strong sales of new licenses for   applications helped boost revenue, sending its shares up 5   percent.
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TAKEOVER TUG OF WAR: Oracle Corp. ends 18 months of acrimony, boosting its bid for software maker PeopleSoft Inc. by 10 percent to &#36;10.3 billion.
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PeopleSoft Inc.  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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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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New software licensing revenue growth -the highest in ten years for the company--helped boost Oracle's first quarter financials.
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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.