Descartes Systems Q2 Profit Decreases - Quick Facts

(RTTNews) - The Descartes Systems Group Inc. (DSGX, DSG.TO) reported that its second-quarter net income decreased to $1.74 million or $0.03 per share, from $2.49 million or $0.04 per share, last year. The company noted that its net income for the quarter was impacted by $1.3 million in restructuring and acquisition related charges related to acquisition and ongoing integration of KSD Software Norway AS on May 2, 2013. Adjusted EBITDA per share was $0.17 for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $38.19 million, from $30.54 million, prior year. Analysts expected revenue of $37.39 million for the quarter.