Sector: Technology | Industry: Software |
Company Contact | |
Address: | 120 Randall Drive WATERLOO ON N2V 1C6 |
Tel: | N/A |
Website: | https://www.descartes.com |
IR: | See website |
Key People | ||
J. Scott Pagan President, Chief Operating Officer | Peter Nguyen Senior Vice President - Legal, General Counsel, Corporate Secretary | Edward J. Ryan Chief Executive Officer, Director |
Allan J. Brett Chief Financial Officer | Chris Jones Executive Vice President - Marketing and Services | Raimond Diederik Executive Vice President - Information Services |
Ed Gardner Executive Vice President - Corporate Development | Chad Murphy Executive Vice President - Professional Services | Robert Parker Executive Vice President - Customer Support and Client Services | Kenneth Edward Wood Executive Vice President - Product Management |
Business Overview |
The Descartes Systems Group Inc. is primarily focused on logistics and supply chain management business processes. It is engaged in providing on-demand, software-as-a-service (SaaS) solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. The Company allows customers to use its modular, SaaS solutions to route, track and help improve the safety, performance and compliance of 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 other logistics processes by participating in the multimodal logistics community. The Company's solutions are cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, customs and regulatory compliance, e-commerce shipping, transportation management and routing. |
Financial Overview |
For the fiscal year ended 31 January 2024, Descartes Systems Group Inc (USA) revenues increased 18% to $572.9M. Net income increased 13% to $115.9M. Revenues reflect Services segment increase of 20% to $520.9M, Professional services and other segment increase of 11% to $46.7M, United States segment increase of 24% to $382.2M, Eurpoe, Middle East and Africa segment increase of 8% to $137.2M. |