SAP, PeopleSoft earnings look brighter

SAP and PeopleSoft say their Q4 sales are going to be better than expected, although Baan bottomed out with news that its CEO was quitting and its earnings would plummet.

CNET News staff

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CNET News staff

Jan. 2, 2002 4:43 p.m. PT

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SAP and PeopleSoft say their Q4 sales are going to be better than expected, although Baan bottomed out with news that its CEO was quitting and its earnings would plummet.

"The third quarter really was the bottoming out, but we're starting to see the growth again in the traditional ERP market validated by SAP today."

- Colleen Kaiser, a financial analyst at Merrill Lynch

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