Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Development
    • Development

    PeopleSoft Bucks Downward Spiral

    By
    Dennis Callaghan
    -
    July 30, 2001
    Share
    Facebook
    Twitter
    Linkedin

      It appears PeopleSoft Inc.s move to Web-enable its business applications is finally paying dividends for itself and its customers.

      The Pleasanton, Calif., enterprise resource planning software vendor last week defied the downward-spiraling economy with a strong second-quarter earnings report, posting revenues of $533 million, up 27 percent from the same period a year ago, as it turned a $46 million profit.

      “Certainly, they are the leaders in Web technology and self-service applications. Everybodys looking for products like that today,” said Sheila Charif, vice president of enterprise applications for Raytheon Co., of Lexington, Mass., which is planning to go live with a PeopleSoft 8 rollout by October. “It cuts down on a lot of paperwork and workflow and saves the company time and money.

      “It feels good that they did so well [in the second quarter],” Charif said. “Theyll be able to put a lot more into supporting their products, extending the features and functions, and developing new products.”

      Officials said the big reason for PeopleSofts success is companies increasing interest in building collaborative enterprise applications and finding that PeopleSoft—with its CRM (customer relationship management), supply chain management and human relations management applications—is the best fit.

      CEO Craig Conway attributed the success to the companys PeopleSoft 8 Web-based application suite, released last September, and its PeopleSoft 8 CRM suite, released late in the quarter, which took a foothold as well.

      “Companies are trying to reduce the number of vendors they deal with and have a consistent system in a common architecture,” Conway said. “Thats just the way the world is working today. With the Internet, enterprises have become dependent on real-time collaboration. You just cant afford to try that exercise with 10 different vendors.”

      Conway fired back at Siebel Systems Inc. CEO Tom Siebel, who the previous week during his own companys earnings call accused PeopleSoft and other companies of deep discounting to win deals during the quarter. Unlike PeopleSoft, Siebel, of San Mateo, Calif., enjoyed most of its revenue increase in the quarter from services rather than license revenues.

      Aberdeen Group Inc. Managing Director for CRM Christopher Fletcher said PeopleSoft has turned the corner. “A lot of people had written them off a year, two years ago. But theyre in a very strong position now with a compelling offering,” said Fletcher, in Boston.

      Dennis Callaghan

      MOST POPULAR ARTICLES

      Big Data and Analytics

      Alteryx’s Suresh Vittal on the Democratization of...

      James Maguire - May 31, 2022 0
      I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×