Descartes Systems Group Sales Up 7% in 1Q

Profit increased 51% to $11 million.

Descartes Systems Group Inc., (TSX:DSG) (Nasdaq:DSGX), Waterloo, Ontario, reported sales for the fiscal 2021 first quarter of $83.7 million, up 7% from the first quarter of fiscal 2020. Profit increased 51% to $11 million.

“Customers depend on us to help them move goods and manage assets. This is even more important when complex supply chains meet rapid swings in global demand, regulation and restrictions,” said Edward J. Ryan, Descartes’ CEO. “We have some customers who are struggling to keep up with demand in their business, while others have seen sharp drops. Regardless of the market dynamics they face, our Global Logistics Network is proving essential to helping them connect and collaborate to better manage the lifecycle of shipments. Recognizing this, we’ve calibrated our business so we remain in a strong position to continue to deliver superior results for our customers and other stakeholders.”

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