Total revenue was $643m (£363m), ahead of its predicted figure of between $625m and $635m. License revenue for the quarter was $131m, also consistent with its guidance.
Net income was $62m, a 62% increase on $28m in the first quarter of 2003.
However its figures exclude charges for purchase accounting adjustments relating to its purchase of financial software company JD Edwards, including the impact on revenues from writing-down the deal to fair value and other restructuring charges.
PeopleSoft president and CEO Craig Conway said: ‘We announced a growth objective for 2004 that was by far the most aggressive in the enterprise application software business, and we are delivering to that plan.
‘With most of the extraordinary distractions now behind us, we can return our full attention to our business.’
Does Darwin's theory apply to taxation? Colin ponders...
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Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements