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Total revenues were comprised of $23.9 million (95 percent) in services revenues and $1.3 million (5 percent) in license revenues.
Fiscal year-to-date revenues were $46.5 million, an increase of 29 percent from the same period a year ago. Profit declined 26.7 percent to $2.2 million.
On June 16, Descartes acquired privately-held, Belgian-based, Routing International NV, a developer and distributor of optimized route planning solutions. To complete the acquisition, net of cash received, Descartes paid approximately EUR 3.4 million (US$4.2 million at the time of the transaction).