PeopleSoft (NASDAQ:PSFT) reported its third quarter today, and despite the disruption of Oracle's (NASDAQ:ORCL) dogged pursuit, the software company turned in some impressive results.

PeopleSoft's sales team undoubtedly worked hard to close as many deals as possible during the quarter as the company struggles to keep Oracle at bay. Total revenues jumped 32% to $624 million. License revenues, closely watched as a gauge of future demand, came in at $160 million, which was also a gain of 32%.

Excluding charges related to its J.D. Edwards acquisition, PeopleSoft lost $0.02 a share, or $7.3 million. Including those items, the company earned $0.17 a share, which was better than expected by $0.06. In last year's third quarter, PeopleSoft netted $44.6 million, or $0.14 a share.

PeopleSoft includes its cash flow statement with its earnings release, which should be applauded. Its cash flow from operations is significantly higher than its net income through the first nine months of the year, with cash from operations coming in at $312 million vs. reported net income of only $68 million. The company also generated 31% more cash from operations so far this year than last.

Looking ahead, PeopleSoft sees the success continuing thanks to solid demand for its products and expects a profit of $0.01-$0.02 a share for the fourth quarter -- excluding items, of $0.18-$0.19 a share. Analysts had been predicting $0.16 a share.