Descartes Systems Group Inc (Descartes) operates as a technology company that offers federated network and logistics technology solutions. The company’s solutions include a logistics technology platform; routing, mobile and telematics, transportation management and e-commerce enablement; customs and regulatory compliance, global logistics network services; and broker and forwarder enterprise systems. Its customs and regulatory compliance solutions comprise cargo security compliance, declaration and fiscal compliance, industry program support services, global trade content, and government solutions. Descartes’ global logistics network services include document management services, community services, and connectivity services. It serves various industries including manufacturing, retail, public sector, distribution and others. The company operates in Canada, the US, Belgium, Germany, France, Norway, the Netherlands, Slovakia, Japan, Australia and China. Descartes is headquartered in Waterloo, Ontario, Canada.
Headquarters
Canada
Address
120 Randall Drive, Waterloo, Ontario, N2V1C6
Website
www.descartes.com
Telephone
1 519 7468110
No of Employees
2,027
Industry
Technology and Communications
Ticker Symbol & Exchange
DSG (TSE)
Revenue (2023)
$572.9M
17.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
13.4%
(2023 vs 2022)
Market Cap*
$8.0B
Net Profit Margin (2023)
XYZ
-3.9%
(2023 vs 2022)
* As of and is in US$
Descartes Systems Group Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Professional Services |
| Logistics Technology Platform |
| Routing |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company acquired Aerospace Software Developments for US$83 million. |
| 2024 | Acquisitions/Mergers/Takeovers | In March, the company acquired OCR Services, Inc. |
| 2023 | Contracts/Agreements | In October, the company's warehouse management and shipping solution was used by Voluspa to accelerate order fulfillment and distribution to wholesale and online consumers across the US, Canada and other countries worldwide. |
Competitor Comparison
| Key Parameters | Descartes Systems Group Inc | Absolute Software Corp | Alphinat Inc. | eXeBlock Technology Inc. | Jolt Health Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Waterloo | Vancouver | Montreal | - | Vancouver |
| State/Province | Ontario | British Columbia | Quebec | - | British Columbia |
| No. of Employees | 2,027 | 740 | - | - | - |
| Entity Type | Public | Private | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Edward J. Ryan | Chief Executive Officer; Director | Executive Board | 2013 | - |
| Allan Brett | Chief Financial Officer | Senior Management | - | - |
| J. Scott Pagan | President; Chief Operating Officer | Senior Management | - | - |
| Peter Nguyen | Senior Vice President; General Counsel | Senior Management | - | - |
| Andrew Roszko | Chief Commercial Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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