PeopleSoft, IBM expand partnership
Published: 22 Oct 2002 14:15 BST
IBM will include PeopleSoft's human resources software in a suite of business applications designed to make employee management easier, the companies said on Tuesday.
PeopleSoft's Human Capital Management software is intended to help companies manage human resources applications through their intranets. In an expanded pact, IBM will jointly market the software as part of its Dynamic Workplaces initiative, a program that is run through the company's global services division.
Separately on Tuesday, PeopleSoft announced a new product, PeopleSoft Staffing. The software includes front-office and back-end applications for employment companies and gives them the ability to link time-entry tools with payroll and invoicing. The product supports multiple currencies, languages, global payroll and billing functions, and is available now. Pricing information was not released.
PeopleSoft announced the IBM deal and new products at its European customer conference in Paris. The company, which has been targeting Europe as a key market, announced a slew of customer wins at the conference.
PeopleSoft is continuing its international push on other fronts as well. PeopleSoft said Tuesday that its Global Payroll products will now be available in the Netherlands, Malaysia, New Zealand, Singapore, India and Brazil. Extensions for those countries are expected to be available early next year.
The international focus could help the company, which has been battling with competitors like Siebel Systems and Oracle, boost sales in a tough IT spending market.
PeopleSoft said last week that its net income in the third quarter dropped 11 percent from a year ago, but noted that it could top analysts' estimates for the fourth quarter.
The company reported third-quarter net income of $44.6m, or 14 cents a share, on revenue of $471mi. In the same quarter a year ago, it reported earnings of $50.3m, or 17 cents a share, on sales of $520m.
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