Descartes Evolution Yields Revenue Growth But No Profits
Steve McVey - December 1, 1999

Event Summary

Descartes Systems Group recently announced its financial results for the third quarter ended October 31, 1999. Revenues were $10.5 million (USD), a decrease of 16% from the same period in fiscal 1999. License revenues rose 27% to $4.8 million in Q3 FY00 from $3.8 million in Q2 FY00. Descartes also reported that 80% of license revenues were derived from e-commerce, an increase of 33% over last quarter. Net loss for the quarter was $4 million or ($0.11) per share compared with a net loss of $6.5 million or ($0.18) per share in Q2 FY00...