Earnings ·
Descartes Systems Group Inc. reported fiscal 2027 second quarter revenues of $201.1 million, a 12% increase from the…
DSGXDescartes Systems Group Inc
Descartes Systems Group Inc. reported fiscal 2027 second quarter revenues of $201.1 million, a 12% increase from the prior year period, driven by growth in services revenues and contributions from recent acquisitions including OrderMine, Idelic, Drivin, Transportation Applied Intelligence Software (TAI), and Extensiv. Net income rose 32% to $50.0 million, or $0.57 per diluted share, while operating cash flow increased 28% to $81.3 million. The company also announced the acquisition of Extensiv for approximately $119.9 million and TAI for approximately $99.3 million in August and September 2026, respectively. Descartes operates in the logistics technology industry, providing software solutions for supply chain management and transportation.