Descartes Systems Group recently announced its financial results for the third quarter ended October 31, 1999. Revenues were $10.5 million, an increase of 7% over last quarter, but a decrease of 16% from the same period last year. Descartes attributes the renewed revenue growth to its successful evolution into a provider of customer fulfillment network optimization software. In contrast to its revenues, Descartes posted a net loss of $4 million, suggesting that it has not yet fully recovered from an acquisition spree in 1997 and 1998.
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