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Nov. 30, 2006, 6:37 a.m. EST

Descartes Systems tallies 17% revenue growth

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By Mike Maynard

WASHINGTON (MarketWatch) -- Descartes Systems Group Inc. /zigman2/quotes/200239682/composite DSGX -0.15% /zigman2/quotes/200154067/delayed CA:DSG -0.15% reported net income of $449,000, or 1 cent a share, for the third quarter ended Oct. 31, down from $629,000, or 2 cents, earned in the year-earlier period. The Waterloo, Ontario-based electronic logistics messaging and services provider's quarterly revenue reached $13.4 million from $11.5 million. Analysts, on average, had been looking for the company to post earnings of 3 cents a share on revenue of $13 million, according to estimates compiled by Thomson First Call. The company said it incurred contingent acquisition consideration expenses related to its FCS and ViaSafe deals totaling $1.2 milllion during the latest quarter. Earnings before interest, taxes, depreciation and amortization increased to $3 million in the latest quarter from $1.7 million a year earlier, Descartes said. U.S.-listed shares of Descartes added 13 cents to end Wednesday's trading at $3.95.

/zigman2/quotes/200239682/composite
US : U.S.: Nasdaq
$ 33.01
-0.05 -0.15%
Volume: 236,384
April 3, 2020 4:00p
P/E Ratio
74.20
Dividend Yield
N/A
Market Cap
$2.78 billion
Rev. per Employee
N/A
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/zigman2/quotes/200154067/delayed
CA : Canada: Toronto
$ 46.79
-0.07 -0.15%
Volume: 280,924
April 3, 2020 4:16p
P/E Ratio
79.41
Dividend Yield
N/A
Market Cap
$3.94 billion
Rev. per Employee
N/A
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