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Descartes Systems Group Reports Higher Fiscal Second-quarter Profit, Revenue
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Descartes Systems Group Reports Higher Fiscal Second-quarter Profit, Revenue
Sep 3, 2025 2:48 PM

05:30 PM EDT, 09/03/2025 (MT Newswires) -- Descartes Systems Group ( DSGX ) edged down in after hours Nasdaq trading Wednesday after it said its fiscal second quarter profit and revenue rose year-over-year "despite very challenging market conditions for global trade".

The logistics-software company earned US$38 million, or US$0.43 per diluted share, in the period, up from US$34.7 million, or US$0.40 per diluted share, a year ago. FactSet expected US$0.43 per share.

Revenues rose to US$179.8 million from US$163.4 million in the year-ago quarter. FactSet projected US$174.6 million.

Among other highlights, the company said that as of July 31, it had US$240.6 million in cash.

"Our business performed consistent with our plans in Q2FY26, despite very challenging market conditions for global trade," said Chief Executive Edward Ryan.

"Our customers continue to face uncertainty in the costs of sourcing and moving goods across borders. This has also impacted their ability to make pricing and investment decisions in an uncertain economic environment," he added.

The company's shares were last seen down US$0.26 to $99.25 after hours. They closed up $1.40 to $137.20 on the Toronto Stock Exchange.

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