Descartes Systems Group’s Income Up 15 Percent in Quarter

Descartes Systems Group’s Income Up 15 Percent in Quarter

Supply chain management company Descartes Systems Group today reported that income in the third quarter of fiscal year 2013, ending Oct. 31, was $3.1 million, surging 15 percent from $2.7 million in the third quarter last year and 24 percent from $2.5 million in the second quarter.

Quarterly revenue was $32.7 million, increasing 15 percent from $28.5 million in the third quarter of fiscal year 2012 and 7 percent from $30.5 million in the previous quarter.

For the nine-month period ending Oct. 31, net income was $8.2 million, up 9 percent from $7.5 million compared to the same period a year ago. Year-to-date revenue was $93.1 million, a 10 percent increase year-over-year from $84.4 million.