Reported 4 months ago
Descartes, a supply chain software provider, reported improved demand from logistics service providers in its fiscal first quarter, driven by strengthening international ocean container shipments and disruptions in the Red Sea and Panama Canal. Earnings per share were 6 cents higher year over year at 40 cents, with consolidated revenue up by 11% at $151 million. The company made two acquisitions totaling $150 million and generated $63.7 million in cash flow from operations. CEO Ed Ryan highlighted the impact of various global factors on supply chains and logistics operations, expressing the company's commitment to providing technology solutions to adapt to the changing landscape.
Source: YAHOO