Peoplesoft fell into the red in its fiscal first quarter, which ended 31 March, with a loss of $171.5 million, or $0.73 a share compared with a profit of $33.8 million, or $0.13 a share a year ago. Excluding one time charges, it had a profit of $7.6 million.
Wall Street had downgraded its expectations to earnings of $0.03 a share after Peoplesoft issued a profit warning earlier this month (see Newswire, 1 April, 1999).
Bosses blamed the overall softening of the enterprise software market.
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