Clay, I beg to disagree.
>> This company has been around for 10 years and it only has about 1000 customers. And its software is second-rate. <<
PSFT sells mission-critical applications. Customers for HR, financial, and manufacturing software are extremely selective about the systems that they will be using for the next 10+ years. 1000 customers equates to 1000 competitive wins over the software of rival vendors. Not a bad record.
In addition, customer satisfaction for PSFT applications is notably higher than its primary competitors Oracle and SAP. For the results of a recent client survey, see the following:
peoplesoft.com
The following are the highlights:
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SAN DIEGO, CA --December 3, 1996--PeopleSoft, Inc. (NASDAQ: PSFT), a leading provider of enterprise applications software, today announced at its Users Conference in San Diego the results of the 1996 PeopleSoft Implementations Report, a survey covering customers' implementations of PeopleSoft applications. Drawing responses from 259 out of 700 customers polled, the survey yielded substantial information on customers' best practices and successful approaches to implementing PeopleSoft applications.
Among the key findings in the report:
For PeopleSoft's two most widely used HRMS applications (Human Resources and Payroll) more than half the respondents are in production, and on average, their implementation projects took less than one year.
For the three most widely used PeopleSoft Financials applications (General Ledger, Payables, and Receivables) nearly half the respondents are in production, and it took them less than a year to implement.
Implementation of 78 percent of PeopleSoft applications required less time, on average, than customers had planned.
Of the PeopleSoft HRMS customers who responded to the survey, 99 percent reported they would choose PeopleSoft again.
Of the PeopleSoft Financials customers who responded to the survey, 100 percent reported they would choose PeopleSoft again.
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Tom |
