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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Descartes Revenue Rises 19% 0 comments
    Dec 4, 2013 11:25 AM | about stocks: DSGX

    Originally published at www.seclive.com

    Filing in Focus: Descartes 6-K, December 3, 2013

    The Descartes Systems Group Inc (NASDAQ:DSGX) announced its third quarter financial results for the 2014 fiscal year, reporting a 19% rise in revenue. In the year-ago quarter, revenues were $32.7M, and improved to $38.8M this quarter. Company earnings were down to $2.2M from $3.1M a year ago while earnings per share fell from $0.05 to $0.03. Descartes CEO Edward Ryan remarked that the company continues to perform well, executing its buy and build strategy, while remaining focused on customer needs. The company currently has $49.3M in cash and cash equivalents while maintaining a $17.2M debt related to an acquisition line of credit.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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