
PeopleSoft is an enterprise applications brand owned by Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas. Founded in 1987 by Dave Duffield and Ken Morris in Walnut Creek, California, it was acquired by Oracle in a hostile 2005 takeover after an 18-month fight. Oracle still develops and supports PeopleSoft for its installed base under a rolling commitment, most recently extending support through the 2030s.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| PeopleSoft | Oracle Corporation | Subsidiary |
Dave Duffield founded PeopleSoft in 1987 in Walnut Creek, California, initially building human resources software on a client-server architecture at a time when HR systems ran on mainframes. Ken Morris co-founded the company, and their product became the leading client-server HR system of the early 1990s.
PeopleSoft expanded from HR into finance, supply chain, and manufacturing through the 1990s, becoming a full enterprise resource planning suite and going public in 1992. It was known for an unusually employee-friendly corporate culture under Duffield, which became part of the brand identity and made the later hostile takeover a Silicon Valley story.
In 2003 PeopleSoft acquired J.D. Edwards, a mid-market ERP vendor, for $1.8 billion. Oracle launched its hostile bid for PeopleSoft the same month. The fight ran through 2003 and 2004, with Oracle repeatedly raising its offer, PeopleSoft's board rejecting it, the DOJ initially suing to block the deal on antitrust grounds, and PeopleSoft's CEO Craig Conway being fired mid-process. The $10.3 billion deal closed in January 2005.
Under Oracle, PeopleSoft continued as a maintained product line rather than being folded immediately into Fusion Applications. Oracle kept updating the suite through continuous delivery, and the installed base remained large enough in HR, higher education, and public sector that the product never went into sunset mode. As of 2026, PeopleSoft remains under active support with Oracle's commitment running through the 2030s.
Who owns Oracle?
Oracle is a publicly traded corporation with no controlling shareholder. The company trades on the NYSE under the ticker ORCL. Larry Ellison, co-founder and chairman, holds approximately 42 percent of outstanding shares, making him the largest individual shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors. No single shareholder holds a controlling majority.
Is Oracle publicly traded?
Yes, Oracle is publicly traded on the New York Stock Exchange under the ticker symbol ORCL. The company has been publicly traded since its IPO in 1986. As of August 2026, Oracle's stock trades at approximately $146 per share, making it one of the largest technology companies by market capitalization.
What is Oracle's annual revenue?
Oracle reported FY2026 total revenue of $67.4 billion, up 17 percent year over year. Cloud revenue was $34.0 billion, up 39 percent, including IaaS revenue of $18.1 billion (up 77 percent) and SaaS revenue of $15.9 billion (up 11 percent). GAAP earnings per share were $5.83, up 34 percent. Oracle has guided to FY2027 revenue of $90 billion.
Who are Oracle's CEOs?
Clay Magouyrk and Mike Sicilia serve as Co-CEOs of Oracle Corporation, appointed in September 2025. Magouyrk previously led Oracle Cloud Infrastructure and oversees the cloud infrastructure business. Sicilia previously led Oracle Industries and focuses on enterprise applications. Safra Catz, who served as CEO from 2014 to 2025, is now Executive Vice Chair of the Board. Larry Ellison remains chairman and CTO.
What is Oracle Cloud Infrastructure?
Oracle Cloud Infrastructure (OCI) is Oracle's cloud computing platform providing IaaS services, including compute, storage, networking, and AI infrastructure. OCI is the fastest-growing cloud infrastructure provider, with Q4 FY2026 revenue of $5.8 billion, up 93 percent year over year. OCI is designed for high-performance AI training and inference workloads and serves customers including OpenAI, Meta, xAI, Nvidia, and AMD.
What is Oracle's RPO?
Oracle's remaining performance obligations (RPO) reached a record $638 billion as of May 31, 2026, up $85 billion from the prior quarter. RPO represents contracted future revenue that has not yet been recognized. Bank of America analysts estimate that over 50 percent of RPO comes from OpenAI. Oracle noted that $75 billion of its large AI contracts involve prepaid or customer-supplied hardware, reducing the capital Oracle must raise.
How many employees does Oracle have?
Oracle employs approximately 164,000 people worldwide. The company has significant operations in North America, Europe, Asia, and other regions, with headquarters in Austin, Texas, and major facilities in Redwood Shores, California, and other global locations.
What is Oracle's AI strategy?
Oracle's AI strategy focuses on providing cloud infrastructure for AI training and inference, connecting AI models directly to Oracle Database through the Oracle AI Data Platform, and building AI-powered enterprise applications. The company is positioning OCI as the primary cloud platform for AI workloads, with data centers designed to use clean energy from natural gas fuel cells. Key AI customers include OpenAI, Meta, xAI, Nvidia, and AMD.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Oracle | USA | 1998 | Mass market | Global | All Genders | |
| Oracle | USA | 1992 | Mass market | Global | All Genders |
Technology SoftwareOwned by Oracle Corporation
Cloud ERP suite for mid-market and enterprise customers, owned by Oracle since a $9.3 billion acquisition in 2016, serving more than 40,000 customers.
Technology SoftwareOwned by Oracle Corporation
Oracle Unix operating system inherited from Sun Microsystems, now in maintenance mode as Solaris 11.4 with development effectively ended.
Market Positioning: PeopleSoft competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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