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Descartes Reports $201M Revenue in Record Quarter and Extensiv Deal

Descartes Systems Group logoDescartes Systems Group
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Descartes reported consolidated revenue of $201 million for the quarter ended July 31, up 12% year over year and 1% ahead of consensus, with adjusted EBITDA of $94.4 million, up 18%. Operating cash flow rose 28% to $81 million. The company ended with $401 million cash, no debt, and a $350 million credit line, and acquired Extensiv for $120 million, funding acquisitions with cash.

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