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 ...

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 ...

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 ...

Strengthens Descartes' Customs and Regulatory Compliance Footprint WATERLOO, Ontario and ATLANTA, April 22, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aerospace Software Developments ("ASD"), a leading provider of customs and regulatory compliance solutions. Based in Ireland, ASD provides customs declaration software solutions for logistics services providers ("LSPs") and sh ...

ATLANTA and LONDON, April 15, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study What Are Companies Doing to Survive the Supply Chain and Logistics Workforce Challenge? The study shows that 54% of the supply chain and logistics leaders surveyed are focused on automating non-value-added and repetitive tasks with technology to improve worker productivity in the face of notable workf ...

Descartes Systems (DSGX) recently unveiled the Descartes MacroPoint FraudGuard platform to safeguard operations in the transportation and logistics sector in real-time. These capabilities are designed to aid companies in combating fraudulent activities commonly found in carrier information, load tracking and shipment status.The state-of-the-art solution is now part of the Descartes MacroPoint service subscription.Descartes MacroPoint is a multimodal visibility platform that includes advanced verification fe ...

ATLANTA, April 10, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the availability of Descartes MacroPoint™ FraudGuard to help freight brokers, third-party logistics companies (3PLs) and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status. The new capabilities are now included as part of the subscription for the Descartes MacroPoint ...

Descartes Systems (DSGX) recently announced that fashion brand LOVALL has adopted its modernized ecommerce warehouse management system (WMS) to facilitate the automation of the fulfillment process and maximize the warehouse space for holding three times as much inventory.The increased capacity has enabled LOVALL to easily meet ecommerce order demands during busy seasons (even when order volumes increased 28% in November 2023) without the need for additional resources. Based in the United Kingdom, LOVALL is ...