Descartes continues on profitable path

Supply Chain

Thursday, November 29, 2012

Descartes Systems Group on Thursday posted a 15 percent year-on-year increase in third quarter net income and revenue. The Ontario, Canada-based logistics software company had net income of $3.1 million, up from $2.7 million in the same quarter of 2011. Revenue rose to $32.7 million. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) increased 16 percent year-on-year to $9.9 million. The company said it had $40.4 million in cas...

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