PeopleSoft makes good on revenue pledge
PeopleSoft makes good on revenue pledge
Enterprise software provider PeopleSoft has stayed true to its prediction of the healthy nature of its third quarter financial results, having exceeded its own estimates despite those estimates having been raised twice during the course of the quarter.
Total quarterly revenue was US$624 million, significantly above the company's own estimate of between US$575 and US$590 million. License revenue, which totalled US$160m for the quarter, was also higher than PeopleSoft's guidance, which was between US$135m and US$150m.
PeopleSoft believe the results are testimony to the ease in which recent acquisition JD Edwards has knitted into the fabric of the company.
"Our financial results really speak for themselves," said Craig A. Conway, PeopleSoft's President and CEO. "What you see in our financial performance is just the beginning of the benefits of the combination of PeopleSoft and J.D. Edwards."
The company also trumpeted some of the customers around the world that purchased PeopleSoft systems during the quarter, including a number of Australia and New Zealand customers, as if to further emphasis that the ongoing takeover moves by rival Oracle – whose offer has been extended yet again to the end of the year - is failing to have a negative impact on sales.
Among the Australasian customers listed were the Australian Securities & Investment Commission, Coles Myer Limited, University of Queensland, Sky City Entertainment Group Limited, and New Zealand Milk Limited.
"Companies in the region continue to purchase PeopleSoft's industry leading solutions because they offer more choice and flexibility," said Murray Creighton, Senior Vice President Japan and Asia Pacific. "We saw many customers increasing their investments as well as a significant number of new customers choosing PeopleSoft. Our customers see the combination of PeopleSoft and J.D. Edwards as an extremely powerful proposition."
Related Article: