Descartes Systems Group Inc (NASDAQ:DSGX) stock rose 6.57% (As on March 12, 11:40:39 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY26. Revenues were comprised of services revenues of $180.1 million (93% of total revenues), professional services and other revenues of $12.6 million (7% of total revenues) and license revenues of $0.1 million (less than 1% of total revenues). Services revenues were up 15% from $156.5 million in Q4FY25 and up 4% from $173.7 million in Q3FY26. Cash provided by operating activities of $75.9 million, up 25% from $60.7 million in Q4FY25 and up 3% from $73.4 million in Q3FY26. Income from operations of $59.0 million, up 25% from $47.1 million in Q4FY25 and up 4% from $56.6 million in Q3FY26. Net income of $45.6 million, up 22% from $37.4 million in Q4FY25 and up 4% from $43.9 million in Q3FY26. Net income as a percentage of revenues was 24%, compared to 22% in Q4FY25 and 23% in Q3FY26. At January 31, 2026, Descartes had $356.5 million in cash. Cash increased by $77.7 million in Q4FY26 and increased by $120.4 million in FY26.

DSGX in the fourth quarter of FY26 has reported the adjusted earnings per share of $0.52, beating the analysts’ estimates for the adjusted earnings per share of $0.50, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 15 percent to $192.76 million in the fourth quarter of FY26, beating the analysts’ estimates for revenue by 3.36%. Adjusted EBITDA of $88.7 million, up 18% from $75.0 million in Q4FY25 and up 4% from $85.5 million in Q3FY26. Adjusted EBITDA as a percentage of revenues was 46%, compared to 45% in Q4FY25 and 46% in Q3FY26, respectively.

On the other hand, on March 11, 2026, Descartes acquired Utordo Ltd., doing business as OrderMine, a UK-based provider of AI-powered forecasting and demand planning solutions designed to support ecommerce businesses across their growth lifecycle. The purchase price for the acquisition was approximately $2.3 million (GBP 1.8 million), which was funded from cash on hand, plus potential performance-based contingent consideration of up to $1.0 million (GBP 0.8 million) based on OrderMine achieving revenue-based targets over the first two years post-acquisition. In addition, Descartes announced that Edward Gardner would succeed Allan Brett as Descartes’ Chief Financial Officer. Mr Gardner’s appointment is effective March 12, 2026.