Descartes Systems Appoints Edward Ryan As CEO; Sees Q3 Revenue Above View

(RTTNews) - Descartes Systems Group (DSGX, DSG.TO) announced Wednesday that it has appointed Edward Ryan as its Chief Executive Officer. Ryan served as Descartes' Chief Commercial Officer since 2011, in addition to several other senior executive roles since joining Descartes in 2000. Ryan replaces Arthur Mesher as Descartes' CEO. Mesher served as Descartes' CEO since 2004, after joining the company as Executive Vice President, Strategic Development, in 1998. Mesher has retired as CEO and Chairman of the Board due to health and personal issues.

Descartes also announced that Scott Pagan has been appointed as Descartes' President and Chief Operating Officer. Pagan has served as Descartes' Chief Corporate Officer and Corporate Secretary since 2011, in addition to other senior executive roles since he joined Descartes in 2000.

The company expects to report record operating performance with its third-quarter of fiscal 2014 revenues in the range of $38.5 million to $38.8 million, its income before income taxes being in the range of $4.1 million to $4.3 million, (which includes recent restructuring and acquisition costs) and its Adjusted EBITDA in the range of $11.3 million to $11.4 million.

Analysts polled by Thomson Reuters expect the company to report revenues of $38.34 million for the quarter. Analysts' estimates typically exclude special items.

The firm is scheduled to report its third quarter fiscal 2014 financial results before market open on Wednesday, December 4, 2013.