The Descartes Systems Group Q4 Earnings Call Highlights

Adjusted EBITDA in the fourth quarter was a record $88.7 million , equal to an adjusted EBITDA margin of 46.0% , up from $75.0 million (44.8% of revenue) in the prior-year quarter. Net income for the quarter was $45.6 million , up 22% year over year. Operating cash flow in the quarter was a record $75.9 million , representing 86% of adjusted EBITDA, and up 25% from the prior year’s fourth quarter.Profitability improved as gross margin rose to 78% in the quarter (and 77% for the year), up from 76% in the pri ...