DESCARTES POSTS 2ND-QUARTER LOSS

DESCARTES POSTS 2ND-QUARTER LOSS    The Descartes Systems Group Inc. On Thursday reported an adjusted second-quarter fiscal-year loss of $3.3 million.
   Excluding adjustments and calculated using U.S. generally accepted accounting principles (GAAP), the loss was $18.5 million.
   For the same period of the prior year, Descartes had an adjusted loss of $2.7 million, or a GAAP loss of $19.6 million.
   Revenue in the second quarter totaled $18 million, down $2 million.
Descartes’ revenue for the second quarter included $10.6 million from network-related logistics, $4.8 million from software licenses, and $2.6 million for services.
   “We are pleased with our results this quarter,” said Peter Schwartz, co-chief executive officer and chairman, Descartes System Group.
   The company announced at the same time that CJ39 Shopping, a TV home shopping retailer that is also a division of Cheil Jedang, a consumer goods company in South Korea, will use Descartes’ Fleetwise Routing and Scheduling solution to improve on-time deliveries to customers in Seoul.
   Cheil Jedang’s Global Logistics Service has been a Descartes client since April.
   The software was designed to improve coordination between truck drivers, dispatchers and call-center operations.
Descartes also said Thursday that Maersk Sealand has contracted to use Descartes’ Carrier Contract and Ship Management solution to standardize Maersk’s global operations for rate management and rate retrieval.
   The software reduces the time involved in rate calculations while improving rating accuracy, according to a statement from Descartes. For more information, visit https://www.descartes.com