Quarterly ResultJun 3, 2026, 05:01 PM
Descartes Systems Group Q1FY27 Revenue $193.6M (+15% YoY); Acquires Idelic
AI Summary
Descartes Systems Group Inc. reported record revenues of $193.6 million for its fiscal 2027 first quarter, a 15% increase year-over-year. Income from operations and net income saw significant year-over-year growth of 35% and 34%, respectively. The company also announced the completion of its acquisition of Idelic Inc. for approximately $25.3 million and continued its share repurchase program.
Key Highlights
- Revenues reached $193.6 million, a 15% increase year-over-year.
- Income from operations grew 35% to $62.5 million.
- Net income increased 34% to $48.5 million, with EPS at $0.55.
- Adjusted EBITDA rose 20% to $89.8 million.
- Cash provided by operating activities increased 40% to $75.1 million.
- Acquired Idelic Inc. for approximately $25.3 million.
- Repurchased 305,000 common shares for $20.8 million under NCIB.
Price Impact
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