Descartes Systems Group said it had a profit of $2.2 million in the third quarter of its current fiscal year, compared to a $3.1-million profit a year earlier.
The Waterloo, Canada-based company has a fiscal year that runs from February to the end of January. The third quarter ended October 31.
Adjusted EBITDA was $11.4 million in the third quarter of this year, compared to $9.9 million in the third quarter of the prior year.
The company said net income in the most recent quarter was negatively impacted by $600,000 by the integration of KSD Software Norway, a company it acquired in 2012.
Revenues were $38.8 million in the third quarter, up 19 percent from $32.7 million in the third quarter of the prior year.
“We’re pleased with the company’s performance during the third quarter, which led to record results and continued strong growth in revenues and cash flow,” said Edward Ryan, Descartes’ chief executive officer. “Our success continues to be driven by strong execution against our buy and build strategy, as well as our focus on delivering business value to the members of the Global Logistics Network. Our focus on customer success enables our business to thrive, and we remain optimistic about Descartes’ future as we continue to see strong demand for our SaaS-based solutions that drive the largest collaborative logistics community in the world.”