PeopleSoft plans to cut 200 jobs worldwide and close its Santa Clara, California, office in response to bad economic times. Only internal administrative and support functions were likely to be cut, sparing customers from any negative effects of the "cost measures", a PeopleSoft spokesman, Steve Swasey, said. "We are not anticipating research and development, consulting or sales headcount reductions," he said. "The focus will be as it always is, on customer satisfaction and customer growth." PeopleSoft expects to take a $US12 million charge in the second quarter for this restructuring, one of the first large cost-cutting actions by the software maker at a time in which many vendors are tightening their belts amid lower corporate spending on IT. PeopleSoft employed 8180 people worldwide as of March 31, compared with 8293 at the end of 2002. The company recently reported net income for the first quarter of 2003 of $US38.5 million, down from $US44.5 million in the same period last year. Revenue dropped to $US460.3 million from $US483.3 million. License fees took a big hit, tumbling to $US80.8 million in the first three months of 2003 from $US133.3 million in the first quarter of last year. Maintenance and professional services revenue was up, evening out the overall revenue picture.
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Women in ICT Awards
Aligned to the market acceptance that transformation is now considered a default customer priority in ANZ, pressure is mounting on the partner ecosystem to overhaul age-old resell practices in response. Common rhetoric perhaps, but business buying patterns are shifting in the direction of services as new managed opportunities emerge across infrastructure, power and cooling. According to EDGE Research – commissioned and produced by ARN – key strategic partner priorities in the months ahead centre around increased customer acquisition, annuity revenue growth and internal up-skilling. To achieve such aspirations, a commitment to managed services is required to create predictable revenue streams and strengthened end-user value propositions. ARN Exchange – in association with Schneider Electric – will share step-by-step guidance in relation to evolving customer priorities linked to managed services, outlining how partners can capitalise on new commercial opportunities through enhanced portfolios and services offerings. Key discussion areas include how partners can: · Drive more recurring revenue · Attract new investments by increasing company valuation · Excel in managed services and maximise market opportunities