MUNICH, Germany and ATLANTA, April 10, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Descartes Air Messaging™ solution has streamlined the transmission of air shipment data according to the International Air Transport Association’s (IATA) ONE Record messaging standard. IATA’s ONE Record initiative aims to help airlines, their partners and service providers digitize air cargo messaging serv ...

ATLANTA, April 03, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Texas-based Lane One Transport, a leader in freight brokerage, is automating inbound carrier communication and qualification using Parade CoDriver, a recently enhanced artificial intelligence (AI)-powered carrier engagement solution, integrated with the Descartes Aljex™ transportation management system (TMS) and Descartes MyCarri ...

Core Insights - Descartes Systems Group's Global Price Management (GPM) solution is being utilized by Skypace to enhance its self-service quote-to-book platform, providing accurate shipping rates and a digital-first experience for customers [1][2] - Skypace has achieved an 85% reduction in rate processing times, with updates completed in under 48 hours, resulting in 99% pricing accuracy for quotes [2] - The integration of Descartes GPM has led to a 5% increase in accuracy on surcharges across 16 million rates, contributing to improved customer satisfaction and operational efficiency [2] Company Overview - Skypace is a global freight forwarder and logistics service provider focused on accelerating global trade logistics through innovative products [3] - The company offers a digital platform that manages planning, pricing, freight, documentation, and financing services for cargo shippers, ensuring a seamless freight forwarding process [3] - Descartes is a leader in providing software-as-a-service solutions aimed at improving productivity, security, and sustainability for logistics-intensive businesses [4]

Group 1 - The Descartes Systems Group Inc. (DSGX) has acquired 3GTMS for approximately $115 million to enhance its position in the logistics sector and strengthen its Global Logistics Network (GLN) [1][3] - 3G's solutions focus on improving cost efficiency, customer satisfaction, and logistics performance through modern cloud architecture and automation-driven planning [2][3] - The acquisition is expected to improve Descartes' domestic transportation capabilities, including truckload, less-than-truckload, and parcel shipments, while integrating 3G's technology will lead to continuous improvements in logistics operations [3][4] Group 2 - In the last reported quarter, DSGX's revenues increased by 13% year over year to $167.5 million, surpassing the Zacks Consensus Estimate by 0.5%, driven by synergies from previous acquisitions [5] - The company has been actively acquiring firms, including Sellercloud for about $110 million and Assure Assist, to enhance its e-commerce and fraud prevention capabilities [6][7] - The integration of these acquisitions is expected to provide a comprehensive solution for managing domestic and cross-border e-commerce shipments, improving efficiency and visibility across supply chains [6][7] Group 3 - Despite the positive developments, the company faces challenges from global macroeconomic conditions, geopolitical issues, and supply chain volatility [8] - DSGX's stock has performed well, gaining 15.5% over the past year, while the broader industry has seen a decline of 2.2% [9]

Core Insights - Descartes Systems Group has acquired 3GTMS for approximately US $115 million, enhancing its transportation management capabilities for shippers and logistics service providers [1][3][4] - 3GTMS offers modern cloud-based transportation management solutions that improve costs, customer satisfaction, and efficiency for domestic over-the-road shipments [2][3] - The acquisition expands Descartes' carrier network in North America, particularly in truckload, less-than-truckload (LTL), and parcel modes, providing a comprehensive solution for logistics management [3][4] Company Overview - Descartes is a leader in providing software-as-a-service solutions aimed at improving productivity, security, and sustainability for logistics-intensive businesses [4] - The company operates a collaborative multimodal logistics community, offering various services including shipment planning, tracking, and customs documentation [4] Acquisition Details - The acquisition of 3GTMS was financed using cash on hand, with legal and financial advisory support from Gibson, Dunn & Crutcher LLP and Lincoln International LLC for 3GTMS, and Morgan, Lewis & Bockius LLP and Centerview Partners LLC for Descartes [3]

Core Insights - The study by Descartes Systems Group highlights that 39% of fast-growing companies view trade compliance as a competitive advantage, compared to 22% of slower-growing companies [1] - Technology is deemed very or extremely important for competitive advantage in trade compliance strategies by 57% of surveyed companies, with 72% of fast-growing companies affirming its significance [2][3] - Fast-growing companies allocate an average of eight personnel to trade compliance activities, while those expecting limited or no growth allocate an average of six [4] Technology and Trade Compliance - 86% of fast-growing companies consider technology fundamental or highly important to their growth strategies [3] - 47% of fast-growing companies invest in technology as the primary method to address international trade challenges, in contrast to 18% of companies anticipating limited or no growth [3] Compliance Team Structure - Companies with over 15% expected growth in the next two years have a more robust compliance team, averaging eight members dedicated to trade compliance [4] - The emphasis on building a well-resourced compliance team is a strategic move for higher-growth companies to leverage trade compliance as a competitive advantage [5] Survey Details - The study surveyed 887 corporate decision-makers in international trade compliance across various countries, aiming to understand strategies and technologies that provide competitive advantages [5]

Descartes Systems (DSGX) reported fourth-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 43 cents, which met the Zacks Consensus Estimate. The bottom line expanded 16% year over year and 2% sequentially.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $167.5 million, beating the Zacks Consensus Estimate by 0.5%. The top line jumped 13% year over year, driven by healthy momentum in domestic logistics and supply chains. The company’s flagship, M ...

Financial Performance - For the quarter ended January 2025, Descartes Systems (DSGX) reported revenue of $167.5 million, which is a 13% increase compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.43, up from $0.37 in the year-ago quarter [1] - The reported revenue exceeded the Zacks Consensus Estimate of $166.6 million by 0.54% [1] Revenue Breakdown - Revenue from Services was $156.50 million, surpassing the average estimate of $152.13 million based on two analysts [4] - Revenue from Licenses was $0.30 million, significantly below the average estimate of $1.36 million based on two analysts [4] - Revenue from Professional Services and Other was $10.70 million, also below the average estimate of $12.44 million based on two analysts, representing a year-over-year change of -3.6% [4] Stock Performance - Shares of Descartes Systems have returned -6% over the past month, compared to the Zacks S&P 500 composite's -4.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]

Core Insights - Descartes Systems (DSGX) reported quarterly earnings of $0.43 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.37 per share a year ago [1] - The company achieved revenues of $167.5 million for the quarter ended January 2025, exceeding the Zacks Consensus Estimate by 0.54% and up from $148.2 million year-over-year [2] - The stock has underperformed the market, losing about 4.2% since the beginning of the year compared to the S&P 500's decline of 1.8% [3] Financial Performance - Earnings per share (EPS) for the last quarter was $0.43, consistent with estimates, while the previous quarter's expected EPS was $0.44, with actual earnings of $0.42, resulting in a surprise of -4.55% [1] - The company has consistently surpassed consensus revenue estimates over the last four quarters [2] - Current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $167.1 million, and for the current fiscal year, it is $1.95 on revenues of $717.17 million [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The Zacks Rank for Descartes Systems is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Computer - Software industry is currently ranked in the bottom 44% of over 250 Zacks industries, which may impact stock performance [8]

Table of Contents Exhibit 99.1 DESCARTES THE DESCARTES SYSTEMS GROUP INC. ANNUAL REPORT US GAAP FINANCIAL RESULTS FOR THE 2025 FISCAL YEAR Table of Contents TABLE OF CONTENTS | | | | | | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF | | | | --- | --- | --- | --- | --- | --- | --- | --- | | OPERATIONS | | | | | | | 3 | | OVERVIEW | | | | | | | 5 | | CONSOLIDATED | OPERATIONS | | | | | | 9 | | QUARTERLY | OPERATING | RESULTS | | | | | 16 | | LIQUIDITY | AND CAPITAL | | RESOURCES | ...