From GlobeNewswire: 2025-03-05 17:00:00

Descartes Systems Group Inc. reported record income from operations in its fiscal 2025 fourth quarter and year. With revenues of $651.0 million, up 14% from the previous year, the company saw a positive trend in its financial performance. Cash provided by operating activities increased by 6% to $219.3 million, with income from operations reaching $181.1 million, up 27% from the previous year.

Key financial highlights for Q4FY25 included revenues of $167.5 million, up 13% from the previous year. Cash provided by operating activities increased by 19% to $60.7 million, with income from operations reaching $47.1 million, up 27% from the previous year. Net income was $37.4 million, up 18% from the previous year, with adjusted EBITDA of $75.0 million, up 14%.

Descartes had $236.1 million in cash at January 31, 2025, with cash increasing by $54.8 million in Q4FY25. The company’s cash position fluctuated due to various financial activities, including acquisitions, debt payments, and foreign exchange rate changes. The company’s financial statements show a strong balance sheet and a focus on sustainable growth and profitability.

Descartes will hold a conference call to discuss its financial results on March 5, 2025. The company’s executive management team will provide insights into the financial performance and strategic direction of the company. Investors and stakeholders can participate in the call or access a replay to learn more about Descartes’ financial performance and future outlook.



Read more at GlobeNewswire:: Descartes Announces Fiscal 2025 Fourth Quarter and Annual