Descartes Systems Q2 Profit Rises - Quick Facts

(RTTNews) - The Descartes Systems Group Inc. (DSG.TO, DSGX) posted second-quarter net income of $5.1 million, or $0.07 per share, compared to $3.6 million or $0.05 per share in the prior year.

Revenues for the latest second quarter rose 6% to $45.17 million from $42.68 million in he comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.07 per share on revenue of $45.23 million. Analysts' estimates typically exclude special items.

"Our business grew profitably and consistent with our plans, resulting in another set of outstanding financial results," said Edward J. Ryan, Descartes' CEO. "With our recent acquisitions of MK Data and BearWare, we've expanded even further the breadth of solutions we can offer our customers and our commitment to generating strong operating returns. And, with a large and expanding customer base and the support of our influential partner community, we remain well positioned to continue to grow the largest collaborative logistics community in the world, the Global Logistics Network."