05:36 PM EDT, 09/04/2024 (MT Newswires) -- The Descartes Systems Group ( DSGX ) was last seen down 2.8% in US after hours tradiing despite beating forecasts on earnings and revenue for its fiscal second quarter.

The company earned US$34.7 million, or US$0.40 per share, in the quarter ended July 31, up 23% from $28.1 million, or US$0.32, a year earlier. It was a slight beat to the consensus forecast of $34.6 million, according to Capital IQ. The result matched the consensus analyst estimate for a per-share profit of US$0.40, according to Capital IQ.

Adjusted EBITDA of $70.6 million, up 17% from $60.6 million in Q2FY24 and up 5% from $67.0 million in Q1FY25. The consensus forecast at Capital IQ was nearer to $70.7 million.

Revenue of $163.4 million, were up 14% from $143.4 million a year earlier., beating the consensus forecast at Capital IQ of $159.66 million.

The company's shares were last seen down US$2.75 to US$96.00 after hours. They closed down $1.68 to $133.37 on the Toronto Stock Exchange.