Descartes reports 16% increase in annual revenues

Descartes Systems has reported that its revenues for the year ended 31 January 2018 were $237.4m, up 16% on the previous year.

Net income for the year was up 13% at $26.9m.

Commenting on the results, Edward J. Ryan, Descartes’ CEO, said: “Our focus on helping our customers manage the lifecycle of shipments across transportation modes, geographies and commodities makes us an ideal home for logistics-intensive customers and complementary businesses.

“As a result, FY18 continued the expansion of the customers connected to, and the solutions available over, our Global Logistics Network. We believe we have a solid, neutral platform for continued growth and acquisitions, with the experience and capital capacity to continue to increase the GLN’s influence.”