PeopleSoft 3rd-Qtr Sales Beat Estimate as Prices Rise
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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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PeopleSoft agreed today to be bought by Oracle for $10.3 billion, or $26.50 a share, ending a bitter 18-month acquisition battle. PeopleSoft&#39;s price was 10 percent above what Oracle previously called its &quot;best and final&quot; offer of $24 a share.
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Oracle raised its hostile tender offer for PeopleSoft today to $24 a share from $21 a share. The higher bid, which values Peoplesoft at $9.
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Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.
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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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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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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, returns to profit in the third quarter.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
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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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US stocks rose on Monday after software maker PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) accepted rival Oracle Corp.&#39;s (ORCL.
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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, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, has returned to profit.
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U.S. stocks rose on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O buyout offer and a government report showed  better-than-expected retail sales in November, signaling an  uptick in consumer spending.
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Oracle Corp.  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.
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Oracle Corp  posted a 35 percent rise in quarterly profit on higher-than-expected software sales and issued a strong outlook, easing concerns it may be hurt by the slowing U.S. economy and pushing its shares up 6.5 percent.
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The discount retailer beats estimates with a 10.3% rise in comps.
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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.