Descartes Systems Gr: Q2 Earnings Insights

Shares of Descartes Systems Gr DSGX moved higher by 0.81% after the company reported Q2 results.

Quarterly Results

Earnings per share increased 20.00% year over year to $0.12, which were in line with the estimate of $0.12.

Revenue of $84,045,000 rose by 4.35% from the same period last year, which beat the estimate of $81,410,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Sep 09, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/frnjxvyy

Recent Stock Performance

52-week high: $63.11

Company's 52-week low was at $24.35

Price action over last quarter: Up 28.51%

Company Overview

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.