Descartes Systems Q2 Profit Increases - Quick Facts

(RTTNews) - Descartes Systems Group Inc. (DSGX, DSG.TO) reported that its second-quarter net income increased to $3.61 million or $0.05 per share, from $1.74 million or $0.03 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Net income was impacted by $1.1 million in restructuring charges in the prior year quarter related to Descartes' ongoing integration of its acquisition of KSD Software Norway AS on May 2, 2013.

Revenues for the quarter rose to $42.68 million from $38.20 million in the prior year quarter. Wall Street analysts had a consensus revenue estimate of $42.56 million.

Looking ahead, the company said it remains optimistic about fiscal 2015 as it continues to see strong demand for its SaaS-based solutions, which drive the largest collaborative logistics community in the world.