Key Highlights

• On 3 June 2026, Descartes reported first-quarter fiscal 2027 Revenue of about US$193.6 million, up about 15% year over year, with services revenue of about US$180.5 million, representing about 93% of the total and also up about 15% — underscoring the recurring nature of its business.
• Net income rose about 34% to about US$48.5 million, with Diluted Earnings per Share of about US$0.55, also up about 34%.
• Revenue growth of about 15%, with services revenue at about 93% of the total, reflects a highly recurring, sticky business.
• The roughly 46% adjusted-earnings Margin is exceptional and demonstrates the profitability of its network model, where each additional…