Descartes Announces Fiscal 2025 Third Quarter Financial Results

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Descartes Announces Fiscal 2025 Third Quarter Financial Results

//stocks-investing.news-articles.net/content/202 .. fiscal-2025-third-quarter-financial-results.html

Published in Stocks and Investing on Tuesday, December 3rd 2024 at 19:31 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The following table summarizes Descartes' results in the categories specified below over 9MFY25 and 9MFY24 (unaudited, dollar amounts in millions): Cash Position At October 31, 2024, Descartes had $181.

Descartes Systems Group Inc. announced its fiscal 2025 third quarter financial results, reporting a revenue increase to $151.3 million, up 18% from $128.2 million in the same quarter of the previous year. The company's services revenue grew by 15%, while license revenue saw a significant rise of 113%. Adjusted EBITDA for the quarter was $66.9 million, a 16% increase from $57.8 million, with the adjusted EBITDA margin slightly decreasing to 44.2% from 45.1%. Net income was reported at $36.4 million, or $0.41 per diluted share, compared to $27.6 million, or $0.32 per diluted share, in the prior year. Descartes also highlighted its strategic acquisitions, including Aerospace Software Developments and OCR Services, aimed at enhancing its logistics technology solutions. The company's cash flow from operations was $57.7 million, and it ended the quarter with $276.0 million in cash. Additionally, Descartes repurchased 100,000 shares at an average price of $112.00 per share.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/DSG-T/pressreleases/29879088/descartes-announces-fiscal-2025-third-quarter-financial-results/ ]