Descartes posts record quarterly revenues

Thursday, May 31, 2012

Descartes Systems Group has announced its financial results for its first 2013 fiscal quarter, ending April 30, with a record quarterly revenue of $29.9 million, a 10 percent increase over the same period fiscal year 2012. The company said service revenues reached $27.7 million, a 7 percent increase from the year before, and comprised 93 percent of total revenues for the quarter. It did not release specific information on licensing-only related revenues. The company’s...

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