RedPrairie Corporation (formerly McHugh Software International) announced that it has used a portion of its more than $15 million dollars in cash flow generated from operations so far this year to retire its remaining long-term debt. This strategic move has positioned RedPrairie for accelerated growth in the future.
RedPrairie Company Results Leader John Jazwiec commented: “As a debt-free company with tremendous market awareness and momentum, we have greatly expanded our options for growth. While many of our competitors are faltering in the down economy, we have numerous opportunities to gain market share and accelerate our growth financed by our strong cash flow and other means. We will continue to evaluate all options to chart a market leadership course for RedPrairie.”
Despite the nearly two-year long malaise in the macroeconomic environment and a severe recession in the software industry, RedPrairie has shown remarkable growth and consistency by posting three consecutive record quarters this year. This has included new business in all of its product lines, improved margins and record cash flow from operations. In the process, RedPrairie has become the second largest supplier of supply chain execution solutions in North America and the clear leader in each of its targeted vertical markets. Combining these results with a debt-free balance sheet bodes well for RedPrairie’s future.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access