Descartes SystemsNASDAQ: DSGX

ATLANTA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Michigan-based Automated Logistics Systems is using Descartes' foreign trade zone (FTZ) solution to help its customers accelerate customs clearance and lower costs for imports into the U.S. by deferring the payment of many duties.

Descartes Systems Group offers logistics SaaS with 90% recurring revenue, ensuring consistent growth and strong operating margins after avoiding bankruptcy in 2004. The company's growth strategy includes robust M&A activity and organic revenue growth, with 28 acquisitions since 2016 and significant R&D investments. Descartes maintains a healthy financial situation with strong free cash flow, minimal debt, and significant investments in AI and innovative technologies.

WATERLOO, Ontario, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its third quarter fiscal 2025 financial results after market close on Tuesday, December 3, 2024.

Cathay Cargo implements DSGX's advanced IoT technology to transport giant pandas safely with real-time tracking visibility.

MELBOURNE, Australia and ATLANTA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Cathay Cargo, a global provider of air freight services, leveraged Descartes' Bluetooth® Low Energy air cargo tracking solution for real-time condition and location monitoring of Giant Pandas An An and Ke Ke as they were safely transported from Chengdu, China to Hong Kong. The pandas arrived at Hong Kong's international airport on September 26, 2024.

DSGX remains a strong investment due to ongoing supply chain challenges, reshoring trends, and its robust M&A strategy, outperforming major indices since our initial recommendation. The company's solid financials, including high liquidity, low debt, and impressive growth in free cash flow and profitability, reinforce its investment appeal. We expect DSGX to benefit from continued supply chain complexities and reshoring, with a projected FCF growth of 12.5% over the next five years.

ATLANTA and LONDON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its 2024 Home Delivery Sustainability Report: The Environmentally Conscious Consumer Under Pressure survey, which examined online consumer sentiment of retailers' sustainability practices around their delivery operations. The third annual study shows that 57% of respondents were quite/very interested in sustainable home delivery services, however, 89% felt their willingness to pay more for sustainable delivery was impacted by the current economic environment. Moreover, 34% indicated economic pressures had significantly/drastically impacted this motivation.

Descartes Systems Group has shown strong growth in the supply chain software market, driven by increased demand and strategic acquisitions. The global supply chain management market is projected to grow at a robust CAGR of 11.2% from 2024 to 2030, benefiting DSGX. The firm boasts a debt-free balance sheet, strong free cash flow, and a rising stock price, enabling strategic acquisitions and technological advancements.

SAN DIEGO and ATLANTA, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Mississippi-based Mitchell Companies, a total beverage distributor and longstanding Anheuser-Busch wholesaler, is using Descartes' route planning and execution platform to enhance customer service across six locations in three states through more effective routing, improved driver performance and better visibility into sales and distribution operations.