05:17 PM EDT, 05/29/2024 (MT Newswires) -- Descartes Systems Group ( DSGX ) on Wednesday said its fiscal first-quarter profit rose 18% on higher revenue.

The logistics-software company said it earned US$34.7 million, or US$0.40 per share,. in the quarter ended April 30, up from US$29.4 million, or US$0.34, in the year-prior period.

Revenue rose 11% to US$151.3 million from US$136.6 million.

The company said 91% of it revenue came on software as a service (SaaS), with the remainder coming from professional services and license sales.

"Global trade is complex and constantly evolving. Supply chains and logistics operations continue to be impacted by a myriad of factors, including military conflicts, disruptions to trade routes, government sanctions, and material changes to taxes and tariffs. Our technology solutions are designed to help shippers, carriers and logistics services providers manage this dynamic complexity," chief executive Edward Ryan said in a release.

Descartes shares closed down $1.38 to $133.89 on the Toronto Stock Exchange.