Reported about 1 month ago
Descartes, a Canadian supply chain software provider, achieved record results in its fiscal Q2, ending July 31. The company reported earnings per share of 40 cents, exceeding estimates by 3 cents and marking an 8-cent increase year-over-year. Revenue rose to $163.4 million, a 13.9% increase from the previous year, driven by higher ocean import volumes despite challenges from weak truck volumes. CEO Ed Ryan highlighted ongoing complexities in global trade logistics, while the company aims for 10% to 15% annual growth through organic initiatives and acquisitions.
Source: YAHOO