Thursday, October 05, 2006

How's the business climate, JJ?

John Jazwiec of RedPrairie has been moaning about Wisconsin's unfriendly climate for business, but he seems to have overcome it. The Small Business Times reports:
RedPrairie reports record quarter

RedPrairie Corp. announced record third-quarter bookings revenue of $14.7 million, up 49 percent from its previous quarterly record of $9.9 million and up 100 percent over the same period a year ago.

The Waukesha logistics solutions company's increased bookings were broad across its product lines and diverse in geography, including 59 contracts, four of which were in the seven-figure range.

John Jazwiec, RedPrairie's chief executive officer, said, "RedPrairie's record results and momentum demonstrate the strength of our innovative E2e strategy. Companies are investing in and realizing substantial value from our unique ability to synchronize inventory, workforce and transportation processes from the point of sale back through distribution and manufacturing."

Despite the record revenues, Jazwiec has been threatening in recent weeks to move his company out of Wisconsin, as he has criticized the state's corporate culture.

2 Comments:

At 11:43 AM, Blogger Dad29 said...

I certainly hope that you are not confusing REVENUES with PROFITS.

 
At 6:21 PM, Blogger badgervan said...

Revenues don't lie. Profits can be offset/manipulated ( expansion, bonuses, etc. ) to appear less than what they actually are. It is done too often these days, often as an excuse for no employee raises or to cut benefits.
I've seen it happen many times, and it usually ends up screwing the employees, while enriching the CEO's.

 

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