Instructure Continues on Its Path to Sustainable Cash Flows
The leading software-as-a-service provider in education, Instructure (NYSE: INST), reported solid earnings once again this Monday. The company continues to show double-digit growth, and win market share from competitors.
But perhaps of most interest for investors was the fact that Instructure remains on track to be financially sustainable. Despite two rather large acquisitions this year, management still believes the company will be breakeven in free cash flow for the year. With Instructure's shrinking war chest of $48 million, that should be music to Wall Street's ears.
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