Enterprise resource management (ERP) company PeopleSoft has poured doubt on rising speculation that an upturn in the troubled IT sector is imminent.
Guy Dubois, executive vice president for PeopleSoft's international operations, said in an interview with Reuters that the company was still experiencing problems turning leads into sales.
"Customers are taking more and more time before deciding," he said.
"A lot of corporations are still saying, 'We're going to do it, but let's push it back a bit to see if things change from the economic point of view'. There's been no significant improvement or deterioration [in orders] over the last few months."
PeopleSoft has been one of the few companies to see growth in the current downturn.
On a positive note, Dubois said that he expected to see "an acceleration in the second half [of this year]".
"If there is an acceleration in the market, PeopleSoft will accelerate faster than our competitors," he added. "Just let us have the economy help us a little bit."
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