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.
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