Waterloo, Ontario based Descartes Systems Group reported record revenue for the first quarter of fiscal 2001 ended April 30, 2000. Focused on building its transaction-based revenue model, Descartes still finds profits out of reach.
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company's stock, which, in spite of recent market tumbles, has brought an infusion of capital for use in funding operations and making acquisitions. Many top financial analyst firms have predicted a positive cash flow for Descartes by as early as 4Q 2001 (ending Jan. 31, 2001). With its technological lead and large, referenceable customer base, Descartes will continue to prosper over the next few years, but will meet with increased competition from vendors like i2 Technologies, which is developing its