The logistics solutions vendor Descartes Systems Group said its first-quarter revenue for the 2015 fiscal year rose 20 percent, year-over-year, to $40.8 million.
Earnings before interest, tax, depreciation, and amortization rose 16 percent to a record $12.1 million.
The quarter was Descartes’ 38th consecutive profitable quarter, with the company setting records for revenue the last nine years. Descartes said that more than 172,000 parties are connected to its Global Logistics Network, with 4.5 billion messages exchanged each year.
Record profitability again for Descartes in Q1
