|
by Jeff Moad, MA Editorial Staff Posted on Friday, May 25, 2007 3:50:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The provider of logistics management software climbs another rung with a successful first quarter, but urges cautious optimism for its still nascent turnaround, which follows years of losses. |
| Keywords: | Supply chain management, SCM, logistics applications, Descartes, warehouse management, scheduling, delivery planning, supply chain visibility, warehouse optimization, turnaround, Mesher |
Continuing to successfully navigate its transition to a software-as-a-service business model, logistics software and services provider Descartes Systems Group yesterday reported a 13.6% rise in revenue for the first quarter of its fiscal 2008, ended April 30. Despite the revenue increase, the Waterloo, ON, company saw a 9% slip in first-quarter earnings. The lower net earnings were the result of negative foreign exchange impacts during the quarter as well as expenses from the company's acquisition last year of Flagship Customs Services, Inc. and ViaSafe. Excluding those acquisition-related expenses and other charges such as taxes, depreciation, and amortization, Descartes reported EBITDA of $3 million, up 25% from EBITDA of $2.4 million reported in the first quarter a year ago. "We had a great start to the new fiscal year. We are not just surviving; we are thriving," said Descartes CEO Arthur Mesher, in remarks to financial analysts yesterday. [Click to continue] |
|
|
|
|