Feeds

Life is good for shiny, happy PeopleSoft

Solid results at 'healthy and vibrant' company

  • alert
  • submit to reddit

Intelligent flash storage arrays

PeopleSoft proved that the unwanted attentions of Oracle are not scaring off too many customers.

For the third quarter ended 30 September 2004 PeopleSoft brought in total revenue of $699m, up eight per cent on the previous quarter and up from $624m for the same period last year. Pro forma net income was $62m, up 22 per cent over the prior quarter.

Maintenance revenue grew to $32m from $23m for the same three months of 2003. But professional service revenues fell slightly from $23m in the third quarter of 2003 to $22m this year. License fees were up very slightly from $160m to $161m. The firm added 138 new customers during the quarter.

PeopleSoft founder Dave Duffield, recently appointed CEO to replace Craig Conway, made some comments about the takeover during a conference call. According to CNet, Duffield noted: "It's been amusing to listen to what people think I'm going to do. Some people have speculated that I'm here to sell the company to Oracle. Others are guessing I'm here to block a sale. Both are wrong. I'm here to make sure that our company obtains its full potential, something that absolutely enhances value to our shareholders."

Kevin Parker, CFO at PeopleSoft, enthused: "Strong top-line and bottom-line performance, solid cash flow, low DSO, and a robust Q4 pipeline, combined with operational excellence, are the hallmarks of a healthy and vibrant company." ®

Related stories

PeopleSoft begged for earnings help
Oracle vs Peoplesoft
OK, so Ellison is not a sociopath...

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.