PeopleSoft Builds Momentum in Client/Server Financial Application Market 

Signs 10 New Financials Customers

WALNUT CREEK, CA, August 2, 1993--PeopleSoft, Inc. (NASDAQ:PSFT), the
leader in client/server business application software, today announced it
has completed more than 10 major new contracts for the purchase of
PeopleSoft Financials client/server applications. This brings the total
amount of PeopleSoft Financials contracts signed this year to
approximately $4 million. PeopleSoft's announcement underscores the
market's rapid acceptance of PeopleSoft Financials and the cross-industry
move to open, client/server computing environments.

New PeopleSoft Financials customers within the last few months include:
Aluminum Company of America (ALCOA) USA, IDS Financial Services Corp.,
Liquor Distribution Branch of British Columbia, National Association of
Securities Dealers (NASD), San Francisco Newspaper Agency, Virginia Farm
Bureau, and Workers Compensation Board of British Columbia. Other
PeopleSoft Financials customers include Agricultural Minerals, Calgary
General Hospital, NCR Corporation, and Western Michigan University.

"We are thrilled with the rapid market acceptance of our financial
applications," commented Dave Duffield, president and chief executive
officer of PeopleSoft. 'We are setting the standard for true client/server
financial applications with PeopleSoft Financials, just as we did in the
human resource application market with PeopleSoft HRMS. With six years of
hands-on client/server experience and a strong team of financial
application specialists, I believe we will continue to build momentum in
this market." 

New Financials Customers 

The following is a sample of the wide variety of customers who have
recently purchased PeopleSoft Financials:

* IDS Financial Services, Inc., Minneapolis, MN - has licensed PeopleSoft
General Ledger and the PS/nVision reporting tool to replace their current
mainframe-based management accounting system. The company views the
PeopleSoft Financials solution as an opportunity to distribute more
function with more powerful and flexible tools for their financial users
with this client/server environment.

* National Association of Securities Dealers, Inc. (NASD), Rockville, MD --
has licensed both the full complement of PeopleSoft Financials and
PeopleSoft HRMS product lines in its corporate-wide move to client/server
computing.

* NCR Corporation, Dayton, OH--has licensed the entire suite of PeopleSoft
client/server financial applications for NCR's largest domestic business
unit, and the complete PeopleSoft HRMS product line for worldwide use. The
purchase complements NCR's corporate migration from a mainframe
environment to client/server computing.

* San Francisco Newspaper Agency, San Francisco, CA -- publishers of both
the San Francisco Examiner and the San Francisco Chronicle daily
newspapers, has purchased the Accounts Receivable module for management of
several of their receivables departments including their classified ads.

* Western Michigan University, Kalamazoo, MI -- has purchased and is
implementing General Ledger and Accounts Payable along with PeopleSoft
HRMS. All PeopleSoft products will run on a local area network. The system
tracks financial and human resource information related to the
university's operations, faculty and student body population.

About PeopleSoft Financials

PeopleSoft Financials is a complete suite of true client/server financial
applications software. The product family comprises PeopleSoft General
Ledger (PS/GL), PeopleSoft Accounts Receivable (PS/AR), PeopleSoft
Accounts Payable (PS/AP), and PeopleSoft Asset Management (PS/AM). All
products can operate standalone, as an integrated suite of financial
applications, or in combination with PeopleSoft HRMS for a completely
integrated financial and human resource management system.

All PeopleSoft Financials products share the same client/server
architecture and are developed using PeopleTools, PeopleSoft's rapid
application development environment and customization tool kit. The robust
functionality and graphical user interface (GUI) offer customers state-of
the-art performance. The applications support Microsoft Windows 3.1
clients connected to PC, UNIX, midrange or mainframe server platforms.
PeopleSoft's applications support multiple RDBMSs to provide users
flexibility, portability and scalability as their client/server needs
change. PeopleSoft RDBMS support includes Microsoft SQL Server, Gupta
SQLbase, Oracle, Sybase, Digital Rdb, HP Allbase, and DB2.

Pricing and Availability

PeopleSoft Financials products are available for prices starting at $90,000
per module, which includes software installation, on-site support,
training, and one year of maintenance services. PS/GL has been available
since October 1992. PS/AP and PS/AR are currently in beta with selected
customers and are slated for production in September 1993. PS/AM will be
commercially available in the fourth quarter of 1993. 

About PeopleSoft, Inc.

PeopleSoft is the leader in the market for client/server business software
with six years of experience delivering true client/server application
products for the Fortune 1000. PeopleSoft develops and markets PeopleSoft
Financials and PeopleSoft HRMS, integrated families of client/server
business software, as well as PeopleTools, a family of client/server
application development tools. The company differentiates itself on the
basis of superior product functionality, technological innovation, and
outstanding customer service. PeopleSoft has approximately 250 world-class
customers in the manufacturing, transportation, technology, financial
services, pharmaceutical, utility, transportation, education, and
government sectors.

Products are sold through direct sales offices across the United States,
Canada, Europe, Asia and Australia. PeopleSoft has marketing and
development alliances with major hardware and software vendors including
Digital Equipment, Groupe-Bull, Gupta, Hewlett-Packard, IBM, Microsoft,
NCR, Oracle, Sequent, Sun, and Sybase. The company also has partnerships
with major system integrators and consulting firms.

PeopleSoft Inc
1331 North California Blvd, Walnut Creek, CA 94596
510-946-9460,  fax 510-946-9461

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