Descartes Systems Group

The Descartes Systems Group, Inc. provides on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. It uses modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.

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The Descartes Systems Group, Inc. engages in the provision of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. It uses modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.

Descartes Systems (DSGX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Descartes Systems (DSGX): Can Its 4.4% Jump Turn into More Strength?

Descartes Systems Group offers logistics SaaS with 90% recurring revenue, ensuring consistent growth and strong operating margins after avoiding bankruptcy in 2004. The company's growth strategy includes robust M&A activity and organic revenue growth, with 28 acquisitions since 2016 and significant R&D investments. Descartes maintains a healthy financial situation with strong free cash flow, minimal debt, and significant investments in AI and innovative technologies.

Descartes Systems Strengthen Its Footing Through Manageable Acquisitions

ATLANTA, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Las Vegas-based Aroma Retail, a leading environmental scenting company specializing in signature resort scents and unique fragrance libraries for home and business, is using Descartes' cloud-based, multi-carrier parcel shipping solution to scale ecommerce order fulfillment in support of escalating sales growth.

Aroma Retail Supports Exponential Ecommerce Growth with Descartes Parcel Shipping Solution

WATERLOO, Ontario, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its third quarter fiscal 2025 financial results after market close on Tuesday, December 3, 2024.

Descartes Sets Date to Announce Third Quarter Fiscal 2025 Financial Results

Cathay Cargo implements DSGX's advanced IoT technology to transport giant pandas safely with real-time tracking visibility.

Will Strong Uptake of Descartes' Solutions Propel Top-Line Growth?

MELBOURNE, Australia and ATLANTA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Cathay Cargo, a global provider of air freight services, leveraged Descartes' Bluetooth® Low Energy air cargo tracking solution for real-time condition and location monitoring of Giant Pandas An An and Ke Ke as they were safely transported from Chengdu, China to Hong Kong. The pandas arrived at Hong Kong's international airport on September 26, 2024.

Cathay Cargo Leveraged Descartes Air Cargo Tracking Solution to Help Support Safe Journey of Giant Pandas

The Descartes Systems Group Inc. DSGX announced that it has expanded its e-commerce portfolio by acquiring Sellercloud for about $110 million, funded by cash in hand. Moreover, there is potential for an extra $20 million payable as performance consideration if the combined business meets certain revenue goals in the first two years after the acquisition.

DSGX Boosts E-commerce Suite With Sellercloud Buyout: Stock to Gain?

Adds Inventory Management and Order Management Capabilities to Descartes' Ecommerce Suite WATERLOO, Ontario and ATLANTA, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Sellercloud, a leading provider of omnichannel ecommerce solutions. Based in the US, Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers with multi-channel ecommerce operations.

Descartes Acquires Sellercloud

DSGX remains a strong investment due to ongoing supply chain challenges, reshoring trends, and its robust M&A strategy, outperforming major indices since our initial recommendation. The company's solid financials, including high liquidity, low debt, and impressive growth in free cash flow and profitability, reinforce its investment appeal. We expect DSGX to benefit from continued supply chain complexities and reshoring, with a projected FCF growth of 12.5% over the next five years.

Descartes System: Recurring Revenues, Strong Financials And M&A Approach (Rating Upgrade)

ATLANTA and LONDON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its 2024 Home Delivery Sustainability Report: The Environmentally Conscious Consumer Under Pressure survey, which examined online consumer sentiment of retailers' sustainability practices around their delivery operations. The third annual study shows that 57% of respondents were quite/very interested in sustainable home delivery services, however, 89% felt their willingness to pay more for sustainable delivery was impacted by the current economic environment. Moreover, 34% indicated economic pressures had significantly/drastically impacted this motivation.

Descartes' Study Reveals Nearly 90% of Consumers' Sustainable Home Delivery Choices Are Impacted by Economic Pressure

Descartes Systems Group has shown strong growth in the supply chain software market, driven by increased demand and strategic acquisitions. The global supply chain management market is projected to grow at a robust CAGR of 11.2% from 2024 to 2030, benefiting DSGX. The firm boasts a debt-free balance sheet, strong free cash flow, and a rising stock price, enabling strategic acquisitions and technological advancements.

Descartes Systems: Riding Supply Chain Complexity To Growing Profits

Mitchell Companies is utilizing Descartes' route planning and execution platform to enhance distribution efficiency and maintain high delivery productivity.

DSGX's Routing Solution Adopted by Mitchell Companies: Stock to Gain?

SAN DIEGO and ATLANTA, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Mississippi-based Mitchell Companies, a total beverage distributor and longstanding Anheuser-Busch wholesaler, is using Descartes' route planning and execution platform to enhance customer service across six locations in three states through more effective routing, improved driver performance and better visibility into sales and distribution operations.

Mitchell Companies Enhances Beverage Distribution Performance with Descartes' Routing Solution

ATLANTA and WATERLOO, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, will showcase supply chain and logistics technology innovations for transportation management; routing, mobile and telematics; and freight forwarders, customs brokers and air cargo at its 2024 Innovation Forum event, which takes place October 8-10, 2024 at the Hyatt Regency O'Hare Chicago.

Descartes Showcases Supply Chain and Logistics Technology Innovations at 2024 Innovation Forum

DSGX acquires MyCarrierPortal at $24 million upfront to strengthen supply chain security and performance.

Descartes Expands Product Portfolio With $24M MyCarrierPortal Buyout

DSGX's fiscal Q2 performance is driven by strength across Services, License and Professional services and other segments coupled with strategic buyouts.

Descartes' Q2 Earnings & Revenues Increase Y/Y, Stock Declines

The Descartes Systems Group Inc. (NASDAQ:DSGX ) Q2 2025 Earnings Conference Call September 4, 2024 5:30 AM ET Company Participants Scott Pagan - President and COO Ed Ryan - CEO Allan Brett - CFO Conference Call Participants Faith Brunner - William Blair Paul Treiber - RBC Capital Markets Stephanie Price - CIBC Raimo Lenschow - Barclays Operator Ladies and gentlemen, welcome to The Descartes Systems Group Quarterly Results Call. At this time, all lines are in a listen-only mode.

The Descartes Systems Group Inc. (DSGX) Q2 2025 Earnings Call Transcript

Descartes Systems (DSGX) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.32 per share a year ago.

Descartes Systems (DSGX) Q2 Earnings Miss Estimates

Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 second quarter (Q2FY25).

Descartes Announces Fiscal 2025 Second Quarter Financial Results

DSGX's Q2 fiscal 2025 performance is likely to have gained from robust demand for its differentiated offerings and buyout strategies.

Descartes Set to Report Q2 Earnings: Here's What You Should Know

The Descartes Systems Group Inc. DSGX portfolio of solutions is gaining steady traction. DSGX recently announced that Brazil-based Solar Coca-Cola is utilizing its route execution and fleet performance management solution to enhance the last-mile delivery performance for more than 1,400 drivers across 44 distribution centers and 13 production facilities, covering 70% of Brazil.

Descartes' Solutions Witness Steady Traction: Will the Stock Gain?

DSGX benefits from acquisitions and a solid demand for its solutions, especially, real-time visibility and global trade intelligence solutions.

Descartes' Stock Surges 20% YTD: Will the Rally Last?

SÃO PAULO and ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Solar Coca-Cola, the second largest manufacturer and distributor of Coca-Cola in Brazil, is using Descartes' route execution and fleet performance management solution to optimize the last mile delivery performance of 1,400+ drivers across 44 distribution centers and 13 production facilities serving an area that represents 70% of the country.

Solar Coca-Cola Enhances Distribution Performance with Descartes' Routing Solution

The Descartes Systems Group Inc. DSGX has announced that Nynas AB is implementing its cloud-based transportation management system (TMS) solution to automate communications across the customer order lifecycle.

Descartes' (DSGX) Cloud-Based TMS Solution Adopted by Nynas

LIER, Belgium and ATLANTA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Nynas AB, a world-leading manufacturer and supplier of specialty oil products and services, is using Descartes' cloud-based transportation management system (TMS) to automate communications throughout the customer order lifecycle. The solution is used to communicate with carriers, freight forwarders, customs agents, independent inspectors and its main storage hub to support the types of shipments they deliver across Europe.

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