The Descartes Systems Group Inc

DSG

Equity

ISIN CA2499061083 / Valor 840184

Toronto Stock Exchange (2024-09-16)

CAD 135.44+1.55%

The Descartes Systems Group Inc
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About company

The Descartes Systems Group Inc is a leading provider of logistics technology solutions that help businesses manage their supply chain operations efficiently. The company offers a comprehensive platform that integrates a vast logistics network with various management applications and global trade intelligence tools. By leveraging this platform, businesses can optimize their inventory, information, assets, and workforce to ensure timely delivery of goods and services. With a focus on enhancing logistics operations, Descartes Systems Group Inc plays a crucial role in streamlining supply chain processes for its clients.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

The Descartes Systems Group Inc. reported revenues of $572.9 million for the fiscal year 2024, marking an 18% increase from $486.0 million in the previous fiscal year. This growth was driven primarily by a 20% increase in services revenues, which totaled $520.9 million.

Net Income

For the fiscal year 2024, The Descartes Systems Group Inc. achieved a net income of $115.9 million, up 13% from $102.2 million in fiscal year 2023. Net income as a percentage of revenues was 20%, slightly down from 21% in the previous year.

Quarterly Performance

In the fourth quarter of fiscal year 2024, The Descartes Systems Group Inc. reported revenues of $148.2 million, an 18% increase from $125.1 million in the same quarter of the previous year. This quarterly revenue also represented a 2% increase from the third quarter of fiscal year 2024.

Cash Flow

The Descartes Systems Group Inc. generated $207.7 million in cash from operating activities during fiscal year 2024, an 8% increase from $192.4 million in fiscal year 2023. However, cash flow was negatively impacted by $12.6 million in contingent consideration payments due to better-than-expected performance from recent acquisitions.

Earnings Per Share

The Descartes Systems Group Inc. reported earnings per share on a diluted basis of $1.34 for fiscal year 2024, up 14% from $1.18 in the previous fiscal year. This increase reflects the company's strong financial performance and growth in net income.

Summarized from source with an LLMView Source

Key figures

34.1%1Y

29.6%3Y

157%5Y

Performance

21.9%1Y

27.4%3Y

29.8%5Y

Volatility