Descartes Systems reports Q1 EPS 41c vs. 40c last year

Reports Q1 revenue $168.7M, consensus $169.87M. “Our first quarter of fiscal 2026 showed strong annual growth, consistent with our communicated plans,” said Edward Ryan, Descartes’ CEO. “This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts. We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses.”