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by Chris Chiappinelli, MA Editorial Staff Posted on Thursday, March 08, 2007 4:40:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | As it looks to continue a push toward greater profitability after years of losses, the supply chain software purveyor posts encouraging numbers to close out fiscal 2007. |
| Keywords: | Descartes Systems, fiscal year, supply chain management, SCM, logistics, delivery management, warehouse optimization, transportation management, TMS, WMS, Mesher, Nussey |
Logistics and delivery management software provider Descartes Systems Group yesterday announced sizable revenue and earnings improvements for its recently closed fourth quarter and fiscal 2007. In its final quarter, which closed on Jan. 31, 2007, Descartes saw revenues surge 18% year over year to $13.6 million, while earnings spiked 20% to $1.2 million. For the fiscal year, total revenue was up 14% to $52 million compared to 2006's $45.7 million. Net income fared even better, up 33% to $4 million in 2007, from $3 million the previous year. On a conference call to announce the results, Descartes' Arthur Mesher called it "a very proud moment for me as a CEO." The company's performance over the past couple of years has improved following the implementation of a restructuring plan in 2005. But for a number of years at the beginning of this decade, Descartes lost money despite larger revenue levels. [Click to continue] |
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