One more bit of press, from Information Weekly:
___Nothing Soft About PeopleSoft Financials___
PeopleSoft Inc. outperformed enterprise software rivals SAP
and Baan in fiscal 1997, reporting yesterday that its
revenue soared 81% from the previous year to $815.7
million. SAP and Baan previously reported revenue growth of
62% and 65%, respectively, for fiscal '97.
PeopleSoft's net income tripled from the previous year's,
to $108.3 million. For the fourth quarter, net income was
up more than 20-fold from the year-earlier quarter, to
$39.5 million, on 76% higher revenue of $260.6 million.
"There are tons of reasons why this market is still
growing, including increased global competition, beefed-up
functionality for vertical markets, and shorter
implementations times," says Bill Lanzon, a financial
analyst with Dain Rauscher Inc. in Minneapolis. "I don't
see this market slowing down anytime soon."
PeopleSoft also announced yesterday that Boeing Co. will
standardize on PeopleSoft applications for human resources,
payroll, and benefits administration processes. The vendor
is also starting to gain ground with its new manufacturing
and supply-chain application. Bausch & Lomb, Hewlett-
Packard, and 3Com all recently went live with that product. |
