Descartes sees profit dip, revenue up
Logistics network Descartes Systems Group, said it had net profit of $14.3 million in its fiscal year ending Jan. 31, compared to $20.2 the prior fiscal year.
Revenue in the most recent fiscal year was $73.8 million versus $66 million in the prior year.
Based in Waterloo, Ontario, the company reported its results in U.S. dollars.
Geographically 59 percent of revenues were generated in the United States; 21 percent in Europe, Middle East and Africa; 14 percent in Canada; and 5 percent in Asia Pacific; and 1 percent in the rest of the Americas. This geographic distribution is determined based on location of customer.