Company
Descartes Systems Group Inc.
Headquarters: Waterloo, ON, Canada
Founded: May 22, 1981
Employees: 1,600
CEO: Mr. Edward J. Ryan B.A., BA
Market Cap
C$11.50 Billion
CAD as of July 1, 2024
US$8.37 Billion
Descartes Systems Group Inc. Categories
Canada Technology Software—ApplicationCanada Technology Canada Software—Application
Top Competitors by Market Capitalization
Detailed Description
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.
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Stocks & Indices
Descartes Systems Group Inc. has the following listings and related stock indices.
Stock: TSX: DSG wb_incandescent
Stock: NASDAQ: DSGX wb_incandescent
Product & Services
Software-as-a-service applications for logistics and supply chain management, Descartes Global Logistics Network
Key People
Edward J. Ryan, CEO J. Scott Pagan, President and COO Allan Brett, CFO
Financials
Revenue: US$ 325.8 million (2020)
Net income: US$ 37.0 million (2020)
Total assets: US$ 942.6 million (2020)
Total equity: US$ 821.7 million (2020)