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.

The Descartes Systems Group Inc. has recently reported strong financial results, beating revenue and matching earnings estimates. The company provides logistics and supply chain management software and services worldwide. With accelerating revenue growth, growing profits, and a favorable acquisition environment, I'm upgrading Descartes Systems to a Buy.

Descartes Systems May Accelerate Growth Amid Favorable Acquisition Environment

LONDON, United Kingdom and ATLANTA, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Cardinal Global Logistics (Cardinal), the world's largest employee-owned logistics business, has scaled its Customs Bureau using the Descartes e-Customs™ solution. Through digitisation enabled by Descartes e-Customs, Cardinal has grown from manually processing 1,000 customer entries per month three years ago to managing 15,000 monthly entries today.

Cardinal Global Logistics Scales Customs Bureau with Descartes e-Customs™ Solution

Start Time: 17:30 January 1, 0000 6:21 PM ET The Descartes Systems Group Inc. (NASDAQ:DSGX ) Q2 2024 Earnings Conference Call September 06, 2023, 17:30 PM ET Company Participants Ed Ryan - CEO Allan Brett - CFO Scott Pagan - President and COO Conference Call Participants Matt Pfau - William Blair Paul Treiber - RBC Capital Markets Justin Long - Stephens Scott Group - Wolfe Research Robert Young - Canaccord Genuity Raimo Lenschow - Barclays Jeremy Campbell - Barclays Kevin Krishnaratne - Scotiabank Operator Good afternoon, ladies and gentlemen, and welcome to The Descartes Systems Group Quarterly Results Conference Call. At this time, all lines are in a listen-only mode.

The Descartes Systems Group Inc. (DSGX) Q2 2024 Earnings Call Transcript

Descartes Systems (DSGX) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.27 per share a year ago.

Descartes Systems (DSGX) Q2 Earnings Lag Estimates

Record Revenues and Income from Operations WATERLOO, Ontario, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2024 second quarter (Q2FY24).

Descartes Announces Fiscal 2024 Second Quarter Financial Results

Second-quarter results from Descartes Systems (TSX:DSG) are likely to meet analysts' expectations, paving the way for a return to organic growth. The Waterloo, Ontario-based logistics software specialist reports after the closing bell on Wednesday, 6 September, and analysts expect 2Q earnings to match expectations.

Descartes Systems' 2Q results may provide a spark for moribund stock

LONDON and ATLANTA, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, announces that international craft retailer Crafter's Companion has implemented Descartes' cloud-based ecommerce warehouse management solution (WMS) to improve the efficiency of its warehouse operations. In addition to realising higher customer satisfaction as a result of faster order processing, the company's error rate in fulfilment has dropped significantly by increasing the accuracy of its existing pick and pack process using barcode-based scanning processes.

Crafter's Companion Improves Fulfilment Efficiency by 25% and Reduces Error Rate to Less Than 1% with Descartes Ecommerce Warehouse Solution

WATERLOO, Ontario, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its second-quarter fiscal 2024 financial results after market close on Wednesday, September 6, 2023.

Descartes Sets Date to Announce Second Quarter Fiscal 2024 Financial Results

Descartes Systems Group, a Canadian supply chain and logistics software provider, has seen significant growth through its strategy of acquiring smaller software companies. Using a SaaS-like business model, Descartes has been able to compound cash flow per share from $0.41 in 2011 to $2.21 in 2023, for a 15+% CAGR. Despite its premium valuation, Descartes' strong cash flow, high growth rate, and lower valuation compared to its peers make it a Buy.

Descartes Systems Group: A Top-Tier Compounder

LONDON and ATLANTA, July 17, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announces that UK-based Stop Start Transport Limited, a provider of distribution, warehousing and logistics services, is undertaking a digital transformation of its business by using Descartes' last mile delivery solution to unlock distribution capacity, enhance customer communications and enable more effective management of logistics data. The Stop Start business, which specialises in transporting bulky and high-value goods that need to be handled with extra care, has replaced manual delivery management processes with the cloud-based Descartes last mile solution. Early results show that Stop Start has decreased its daily route planning time by over 75% and achieved more efficient customer communications and invoicing.

Stop Start Unlocks Distribution Capacity with Descartes' Last Mile Delivery Solution

ATLANTA, June 20, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, and Chicago-based Brook Furniture Rental, a leading provider of rental furniture, décor and housewares for the office and home, are honored to be named as one of the winners of this year's Top Supply Chain Projects presented by Supply & Demand Chain Executive (SDCE). The publication's award spotlights innovative projects that automate, optimize, streamline and improve the supply chain.

Brook Furniture Rental and Descartes Honored with Supply & Demand Chain Executive's 2023 Top Supply Chain Projects Award

WATERLOO, Ontario, June 15, 2023 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. announced the voting results from its annual meeting of shareholders held on Thursday, June 15, 2023 (the “Meeting”).

Descartes Announces Results of Annual Shareholder Meeting

ATLANTA and LONDON, June 14, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its 2023 Home Delivery Sustainability Report: Consumers Expect More! survey, which examined consumer sentiment of retailers' sustainability practices around their delivery operations. The survey found that only 43% of consumers felt retailers were doing a good job of using sustainable delivery practices. Over 60%, however, indicated they were quite/very interested in environmentally friendly delivery methods. Additionally, 59% said they are willing to act if they're not satisfied with retailers' sustainable delivery efforts.

Descartes' Study Reveals 60% of Consumers Quite/Very Interested in Sustainable Home Delivery Services

The Descartes Systems Group Inc. (NASDAQ:DSGX ) Q1 2024 Earnings Conference Call May 31, 2023 5:30 PM ET Company Participants Scott Pagan - President & Chief Operating Officer Ed Ryan - Chief Executive Officer Allan Brett - Chief Financial Officer Conference Call Participants Raimo Lenschow - Barclays Matt Pfau - William Blair Paul Treiber - RBC Capital Markets Justin Long - Stephens Daniel Chan - TD Cowen Robert Young - Canaccord Genuity Steven Li - Raymond James Kevin Krishnaratne - Scotiabank Operator Good afternoon, ladies and gentlemen and welcome to The Descartes Systems Group Quarterly Results Conference Call. [Operator Instructions] This call is being recorded on Wednesday, May 31, 2023.

The Descartes Systems Group Inc. (DSGX) Q1 2024 Earnings Call Transcript

Descartes Systems (DSGX) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.27 per share a year ago.

Descartes Systems (DSGX) Q1 Earnings and Revenues Surpass Estimates

Record Revenues and Income from Operations WATERLOO, Ontario, May 31, 2023 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2024 first quarter (Q1FY24). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

Descartes Announces Fiscal 2024 First Quarter Financial Results

Descartes Systems is a steady long-term growth play on international trade. The organic growth platform is complemented by occasional bolt-on deals.

Descartes Systems: Premium Valuation For A Premium Player

LONDON and ATLANTA, May 15, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Waterline, the UK's largest supplier to the independent kitchen specialist sector, is supporting business growth by enhancing the operational efficiency of its fleet delivery and customer service operations using Descartes' cloud-based route planning and optimization; pre-delivery customer email notifications; and electronic proof-of delivery (ePOD) solutions. With the solutions, Waterline has achieved a four percent reduction in fleet mileage and decreased customer contact center enquiries by 50 percent.

Waterline Supports Growth and Invests in Operational Efficiency with Descartes' Last Mile Delivery Solution

MUNICH, Germany and ATLANTA, May 09, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Etihad Cargo, the cargo and logistics division of Etihad Airways, has further automated air cargo processes using Descartes' next generation Internet of Things (IoT) Bluetooth® Low Energy solution integrated with Jettainer's unit load device (ULD) management services. The combined solutions expand Etihad Cargo's ability to improve ground processes at cargo and ULD handling and to gain data-driven insights into the transport and ambient conditions of air cargo in transit.

Etihad Cargo Enhances Air Shipment Visibility Using Combined Solution from Descartes and Jettainer

WATERLOO, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first quarter fiscal 2024 financial results after market close on Wednesday, May 31, 2023.

Descartes Sets Date to Announce First Quarter Fiscal 2024 Financial Results

Descartes Systems (DSGX) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Descartes Systems (DSGX) Now

ATLANTA, April 25, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Eastern Propane & Oil, one of the largest family-owned and operated energy providers in New England, has selected Descartes' last mile delivery solution to supply propane to over 100,000 residential and commercial customers throughout New Hampshire, Maine, Massachusetts, Rhode Island and Vermont.

Eastern Propane & Oil Selects Descartes Last Mile Delivery Solution

Adds Advanced Customer Engagement Capabilities to Descartes' Final-Mile Delivery Solutions ATLANTA and MELBOURNE, Australia, April 20, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired the assets of Localz, a technology platform to help engage with customers on the day they're having goods or services delivered. The Localz platform combines real-time vehicle location tracking and communications to deliver safe, transparent, customer-centric SaaS solutions that transform the customer delivery experience.

Descartes Acquires Localz

ATLANTA and LIER, Belgium, April 17, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), announced today that the Descartes eBookings for Ocean Shipment Management solution is now an SAP Endorsed App, available for online purchase on SAP ® Store . SAP Endorsed Apps are a category of solutions from SAP's partner ecosystem that help customers become best-run, intelligent enterprises. Endorsed apps are meant to deliver value with desired outcomes.

Descartes eBookings for Ocean Shipment Management Now an SAP Endorsed App Available on SAP® Store

ATLANTA and LONDON, March 27, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that wholesale tire distributor Fairmount Tire & Rubber is using Descartes' last mile delivery solution to digitize B2B ecommerce delivery operations across its five warehouse locations serving customers in California, Arizona, Nevada and Utah. The cloud-based solution helped the company to complete more stops per route, add between two-to-three additional delivery runs per day and enhance the customer experience by providing customers with real-time, map-based tracking.

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