Descartes Announces Fiscal 2027 First Quarter Financial Results
Descartes reported Q1FY27 revenue of $193.6 million, a 15% increase year-over-year, driven by a 15% rise in services revenue to $180.5 million. Net income grew 34% to $48.5 million, with diluted EPS reaching $0.55 compared to $0.41 in the prior year. Adjusted EBITDA expanded 20% to $89.8 million, maintaining a 46% margin. The company completed the acquisition of Idelic Inc.
Key figures
- Eps
- 0.55
- Eps Beat
- 0
- Revenue
- 193600000
- Revenue Yoy
- 15%
- Deal Value Usd
- 25300000
- Offering Price
- 0
- Shares Offered
- 0
- Net income
- 48500000
- Gross margin
- 78%
- Cash position
- 377000000
- Adjusted ebitda
- 89800000
- Operating income
- 62500000
- Services revenue
- 180500000
- Operating cash flow
- 75100000
- Shares repurchased q1
- 305000
- Adjusted ebitda margin
- 46%
- Cost of repurchases q1
- 20800000
AI analysis
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