The logistics software provider reported a net income of $5.8 million on revenues of $50.5 million for its fiscal second quarter, year-over-year increases of 14 percent and 12 percent, respectively.
The logistics software provider Descartes saw net income for its fiscal second quarter rise 14 percent from the same quarter a year ago to $5.8 million, the company said Thursday.
Operating income for the quarter rose 18 percent year-over-year to $17.2 million, while revenues increased 12 percent year-over-year to $50.5 million.
“We believe that Descartes’ strong and growing margins demonstrate the leverage in our business model and Global Logistics Network to efficiently deliver quality services to our global client base,” Descartes CEO Edward Ryan said. “Descartes is a solid platform for continued growth and acquisitions, with the capital capacity and opportunities to continue or accelerate our pace of profitable growth.”
Descartes posts another profitable quarter
