Retalix posts second-quarter results that beat the Street
Software provider for retailers Retalix Ltd. (Nasdaq:RTLX) posted second-quarter results early this morning that bested the consensus on Wall Street. Going forward, the company noted that it expects the improving trend in cash flows from operations to continue in the coming quarters.
Additionally, the Retalix said that industry analysts purport that the economy may cause delays in planned investments, but that few retailers will forgo key IT investments, as slashing IT budgets in the short term jeopardizes their long-term health.
Shares gained 4%, or $0.40, to $11.62 in pre-market trading. For detailed price information and news stories on Retalix, click RTLX.
