Descartes Systems Group (DSGX: Quote, DSG.TO) said its first quarter profit was up to $2.61 million or $0.04 per share from the prior year's $2.15 million or $0.03 per share.
Adjusted EBITDA per share was $0.14, higher than $.12 in the same quarter a year ago. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share. Analysts' estimates typically exclude special items.
Revenues grew 10 percent to $29.86 million from the prior-year quarter. Analysts expected revenues of $29.97 million.
Services revenues were $27.7 million, up 7% from last year.
"We continue to work with category leaders with a single-minded focus on improving the productivity, performance and security of their logistics operations," said Art Mesher, Descartes' Chairman and CEO. "It is this focus on delivering results to customers through our Logistics Technology Platform that has fuelled financial results that are ahead of our plans."
Click here to receive FREE breaking news email alerts for Descartes Systems Group Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com