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PeopleSoft Delivers Automation Solution


PeopleSoft Delivers the First, Complete, 100% Internet Professional Services Automation Solution

PeopleSoft Delivers the First, Complete, 100% Internet Software provider to world's top consulting firms positioned to dominate PSA market

AUCKLAND, March 1, 2000 - PeopleSoft, Inc. today introduced PeopleSoft Professional Services Automation (PSA) and announced plans to aggressively expand the company’s leadership position within the fast-growing professional services market.

Capitalising on its proven eBusiness applications, "people-centric" software expertise and a successful track record with more than 150 professional service organisations, PeopleSoft is positioned to dominate a market forecasted by Aberdeen Group to grow from $100 million to $1.3 billion by 2003.

PeopleSoft has the broadest, most complete end-to-end PSA solution in the market. PeopleSoft PSA is available today worldwide and provides service firms a comprehensive eBusiness solution for effectively managing the complete service value chain including engagements and people, delivering services and maximising profitability. The PeopleSoft PSA solution is made up of Human Resource Management, Financial Management, Service Delivery Management, Vantive Customer Relationship Management and Enterprise Performance Management products.

In an industry of mobile workers, PeopleSoft allows consultants and their managers to conduct business anytime, anywhere in the world.

Frank Anderson, Country Manager for PeopleSoft New Zealand, said the introduction of PeopleSoft PSA will have a strong impact in New Zealand due to the continuing growth of the services market in this region.

“As more and more organisations become knowledge or service-based, the professional services market is experiencing rapid and significant growth.

PeopleSoft Delivers First, Complete, 100% Internet Professional Services Automation Solution

“Professional Service firms in New Zealand and Australia are strategically placed to take advantage of this growth by providing their services to the expanding markets of Asia. PeopleSoft PSA will enable these organisations to manage their resources for improved efficiency and effectiveness and, in the case of our global partners, share the benefits of PSA applications by delivering them to their own clients.”

More than 150 professional service organisations, including all of the top six consulting firms, use PeopleSoft solutions to manage their enterprise. Customers include such high-profile companies as KPMG, Ernst & Young and Hewitt Associates. The PeopleSoft PSA solution addresses the needs of large and medium-sized professional services firms, such as consulting, accounting, system integrators and software companies.

"The giants of this industry manage their businesses on PeopleSoft applications. Based on our reputation and people-centric heritage, and our solution's rich functionality, our customers are assured that we will provide the best technology for managing growth and delivering services in this dynamic market," said PeopleSoft CEO Craig Conway.

"Our research shows that PeopleSoft is the first leading enterprise vendor to recognise the market potential and to address key customer requirements in the services sector," said David Hofferberth, Aberdeen Group senior analyst. "PeopleSoft brings extensive functionality and best business practices to address the most challenging aspect of
managing in services industries - people."

The PeopleSoft PSA solution provides professional services firms:
 Full engagement management capabilities including revenue management, invoice management, and billing and accounts receivables management, enabling professional services best practices.
 Time and expense management functions to allow professionals, project managers, and the firms to effectively manage resources, time and expenses - the most critical component for profit in professional services.

PeopleSoft Delivers First, Complete, 100% Internet Professional Services Automation Solution

 Web-deployable client that delivers a powerful, low-maintenance desktop application for all functionality including employee self-service and customer access to invoices and billing.
 Global architecture, including multi-lingual, multi-currency, local regulatory reporting and tax compliance capabilities.
 Flexible and highly scalable architecture that adapts quickly to changing business environments.
Complementing the PSA solution, PeopleSoft Select provides a turn-key option for smaller firms that want to benefit from world-class functionality and technology at an affordable price.

END

About PeopleSoft
PeopleSoft (NASDAQ:PSFT) is a world leader in enterprise application software. PeopleSoft provides eBusiness and analytic applications for human resource management, financials, distribution, manufacturing, and supply chain, along with a range of industry-specific solutions. Headquartered in Pleasanton, California, PeopleSoft (www.peoplesoft.com) employs more than 6,000 people and had 1998 revenues of US$1.5 billion.
PeopleSoft began operations in Asia Pacific in 1993 and now has offices in Auckland, Wellington, Sydney, Melbourne, Canberra, Perth, Brisbane, Adelaide, Singapore, Hong Kong and Malaysia. Its customers include AAP, AMP, Alcoa, Australian National University, Australian Stock Exchange, Coles Myer, Department of Defence, Eastern Energy, Ford, Foxtel, John Fairfax Holdings, Loy Yang Power, National Mutual Health Insurance, NZ Police, NZ Post, NZ UNITEC, Reserve Bank of Australia, Reding Paper Products, Transfield Pty Ltd, University of NSW, WA Department of Education and WA Petroleum, Hewlett-Packard, Citibank, AMD, DBS Bank, PSA Corporation, Singapore Ministry of Finance, Morrison Express, Singtel, Starhub, Tenaga Nasional, Telekom Malaysia and Swire Properties. For further information: http://www.peoplesoft.com

This release contains projections or other forward-looking statements regarding future events or the future financial performance of the Company that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. The specific forward-looking statements relate to such matters as competitive landscape; new product development status; position in the Internet sector; and future growth. Please refer to the Company's annual report to shareholders (Form 10-K) and subsequent filings on Form 10-Q for more information on the risk factors that could cause actual results to differ.

MEDIA CONTACTS
Imogen Riley, PeopleSoft, Phone: +61 2 9413 0120 Fax: +61 2 9413 0001, Imogen_Riley@peoplesoft.com

Nimita Morarji, Botica Conroy & Associates, Phone: +64 9 3033 862 Fax: +64 9 3033 610
Nimitam@bca.co.nz

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