DescartesÆ earnings down, sales up
Descartes Systems Group, a provider of a global logistics network, reported net profit of $1 million in its fiscal third quarter, compared to $2.3 million in the same period last year.
The Waterloo, Ontario-based company said it had revenue in the quarter ending Oct. 31 of $18.9 million, up 11 percent from the same 2008 period.
Geographically, $12.1 million of revenues, or 64 percent, were generated in the Americas, excluding Canada; $2.9 million (15 percent) in Europe, Middle East and Africa; $3.7 million (20 percent) in Canada; and $200,000 (1 percent) in the Asia Pacific region.
Descartes? earnings down, sales up
