Descartes Systems Group Sales Up 14% in 1Q

Profit increased 8 percent to $2.8 million.

Descartes Systems Group, Waterloo, Ontario, reported sales for the fiscal 2014 first quarter ended April 30, 2013, of $34 million, up 14 percent from the first quarter of fiscal 2013. Profit increased 8 percent to $2.8 million.

On May 2, Descartes announced that it had completed the acquisition of KSD Software Norway AS, a Scandinavia-based provider of electronic customs filing solutions for the European Union. KSD brings more than 1,300 customers to Descartes' Global Logistic Network, with the majority of these companies based in Scandinavia.

KSD provides its customers with customs declaration, security filing, transportation management and freight forwarding technology solutions.

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