IT News in Brief – 12 February

PeopleSoft trebled its profits to $108.3m on turnover up 81% to $815.7m in its 1997 financial year, ended on 31 December, compared to 1996. During the year, the company acquired three new subsidiaries and doubled the size of its European staff. Although no revenue figures were given, the company said the value of European contracts grew by 135% during 1996.

Related reading

aidan-brennan kpmg