The 2020 Mid-Year Economic Update_long

Descartes Systems Group 3Q Sales Up 11%

Year to date, sales for the federated global logistics network improved 9%.

Descartes Systems Group, Waterloo, Ontario, a federated global logistics network, reported sales for the third quarter ended Oct. 31, 2009, were $18.9 million, up 11% from the year ago period. Profit declined 56.5% to $1.0 million. Adjusted for tax recoveries, profit was $5.2 million.

Year to date, sales were $54.9 million, up 9% from the same period a year ago. Profit declined 16.7% to $4.0 million. Adjusted net income was $15.1 million for the first nine months, compared to $12.5 million a year ago.

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