Hugo Goldman, the Company's Chief Financial Officer, said, "We had solid financial results in the second quarter of 2010, reporting growth in total revenues and income from operations both when compared to the previous quarter and the year ago period. Our second quarter Non-GAAP Net Income was also a slight improvement versus the first quarter despite increased financial expenses due to currency fluctuations and its impact on the value of our non-dollar assets. We were able to achieve a better than 10% operating margin Non-GAAP in the second quarter of 2010 by focusing on efficient operations while we continue to recruit and increase our total headcount in key areas such as customer facing operations, R&D and services. We also maintained positive cash flows, generating $4 million from operations and a solid balance sheet with more than $107.5 million in cash and cash equivalents, deposits and marketable securities and negligible debt."Outlook for FY 2010
Retalix Announces Second Quarter 2010 Results
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