Descartes Systems (DSGX) recently announced that Yellow Diamond Logistics, a noted third-party logistics company certified with the Transportation Security Administration is embracing Descartes technology to streamline its operations and boost AI-powered capacity sourcing. The Descartes Aljex solution has been instrumental in enhancing operational efficiency by automating and simplifying key freight broker activities. From order entry, lane rate comparison, covering loads and rate confirmation to carrier ac ...

ATLANTA and LONDON, June 04, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Yellow Diamond Logistics, a leading Transportation Security Administration (TSA)-certified third-party logistics (3PL) company, is using Descartes technology for transportation management, real-time freight visibility and AI-driven capacity sourcing. By using the Descartes Aljex™ transportation management system (TMS), ...

Descartes Systems (DSGX) reported first-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 40 cents, which missed the Zacks Consensus Estimate of 42 cents. The bottom line increased 18% year over year. Revenues in the quarter totaled $151.3 million, beating the Zacks Consensus Estimate by 0.9%. The top line grew 11% year over year. Synergies arising from the acquisition of OCR and Thyme ASD in the fiscal first quarter, along with healthy momentum in services revenues, led to the expansion. Also, acqui ...

So Ed, when you guys do a couple of relatively large acquisitions in the quarter, is the thought that from here, you pause for a little bit and see how they perform? Or you think that there's more to go in terms of M&A activity over the course of the year? Scott Group And I think some of the challenges I mentioned with the Red Sea and the Panama Canal are contributing to that. You probably also just have -- they're doing all right, right now so they're taking that opportunity to raise rates. It doesn't real ...

This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this logistics provider would post earnings of $0.30 per share when it actually produced earnings of $0.37, delivering a surprise of 23.33%. Descartes Systems (DSGX) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. There are no easy answers ...

Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, May 29, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 first quarter (Q1FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Global trade is complex and constantly evolving. Supply chains and logistics operati ...

As described in more detail below, key financial highlights for Descartes' Q1FY25 included: Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition- relate ...

ATLANTA and LONDON, May 07, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from Online Buying Grows, But Too Many Consumers Still Experiencing Delivery Woes, its third annual consumer sentiment study of ecommerce home delivery. The study shows that 39% of respondents made more online purchases in the period surveyed this year compared to last year, and that 57% made purchases in at least one ...

LONDON and ATLANTA, April 29, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that global freight broker Gravitas Worldwide is more efficiently managing customs declarations for aerospace clients by using Descartes e-Customs™ to automate traditionally manual customs processes. "We ship anything from aircraft engines to rivets for our clients. Since many shipments take place overnight, it is critical ...

Descartes Systems (DSGX) recently announced the acquisition of Aerospace Software Developments (“ASD”). DSGX paid approximately €57 million ($61 million) to acquire ASD, a deal settled with €54 million paid upfront from DSGX’s cash reserves. The acquisition is projected to be completed in DSGX’s fourth-quarter fiscal 2025.Based in Dublin, Ireland, ASD is a software company that builds mission-critical applications based on modern RFID technology, specifically engineered for the Aerospace and Aviation market ...