Business
Descartes Announces Fiscal 2026 Second Quarter Financial Results
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Sept. 03, 2025 (G...
About this update from Descartes Systems Group Inc.
[{"type":"text","content":"Descartes Announces Fiscal 2026 Second Quarter Financial Results\n\n\n\n\n Record Revenues and Income from Operations\n \n\n\n WATERLOO, Ontario and ATLANTA, Sept. 03, 2025 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 second quarter (\n \n Q2FY26\n \n ). All financial results referenced are in United States (\n \n US\n \n ) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (\n \n GAAP\n \n ).\n \n\n \"Our business performed consistent with our plans in Q2FY26, despite very challenging market conditions for global trade,\" said Edward J. Ryan, Descartes' CEO. \"Our customers continue to face uncertainty in the costs of sourcing and moving goods across borders. This has also impacted their ability to make pricing and investment decisions in an uncertain economic environment. For our customers, Descartes is a trusted provider to help them deal with the complexity of changes in trade relationships, tariffs, sanctions and modes of transportation. Descartes' Global Logistics Network of technology and connected parties continues to be relied on by shippers, carriers, and logistics services providers to keep goods moving.”\n \n\n\n Q2FY26 Financial Results\n \n\n As described in more detail below, key financial highlights for Descartes’ Q2FY26 included:\n \n\n\n Revenues of $179.8 million, up 10% from $163.4 million in the second quarter of fiscal 2025 (\n \n Q2FY25\n \n ) and up 7% from $168.7 million in the previous quarter (\n \n Q1FY26\n \n );\n \n\n Revenues were comprised of services revenues of $166.8 million (93% of total revenues), professional services and other revenues of $12.8 million (7% of total revenues) and license revenues of $0.2 million (less than 1% of total revenues). Services revenues were up 14% from $146.2 million in Q2FY25 and up 7% from $156.6 million in Q1FY26;\n \n\n Cash provided by operating activities of $63.3 million, up 82% from $34.7 million in Q2FY25 and up 18% from $53.6 million in Q1FY26. Cash provided by operating activities was impacted by the following: (i) in Q2FY26 by the payment of $5 million in personnel departure amounts; and (ii) in Q2FY25 by the payment of $25.0 million in contingent acquisition consideration for previously ...