Descartes Systems Group Inc
DSGXDescartes Systems Group Inc (DSGX) is a global provider of cloud-based logistics and supply chain management software. Founded in 1981 and headquartered in Waterloo, Canada, the company offers solutions that streamline transportation, warehouse, and delivery operations for various industries, including retail, manufacturing, and logistics service providers. Descartes focuses on improving supply chain efficiency, visibility, and agility through its comprehensive software platform.
Company News
Descartes Systems Group reported strong Q3 FY26 financial performance, with revenues of $187.7 million (up 11% year-over-year), net income of $43.9 million, and announced a CFO transition plan and a potential normal course issuer bid.
Conestoga Capital Advisors sold $20.1 million worth of Novanta stock in Q3, reducing its stake by 168,907 shares due to weak stock performance and sector headwinds, while maintaining a significant position in the company.
Conestoga Capital Advisors sold 344,631 shares of Exponent, valued at $24.63 million, reducing its stake from 2.99% to 2.63% of its portfolio in Q3 2025. The sale comes amid Exponent's underperformance compared to the S&P 500.
Descartes Systems Group introduces Visual Compliance AI Assist, an advanced AI-powered solution that reduces false positives in trade compliance screening by using intelligent filtering and machine learning algorithms.
Descartes Systems Group, a global leader in logistics software, has acquired PackageRoute, a provider of final-mile carrier solutions. The acquisition aims to enhance Descartes' capabilities in optimizing and managing last-mile delivery operations for its customers.
