DESCARTES REPORTS FISCAL 2014 FOURTH QUARTER AND ANNUAL FINANCIAL RESULTS
  • Record Revenues and Operating Performance
  • Record revenues and operating profit driven by Descartes’ continued focus on customer results
  • 10 years of record operating results and 10 years of surpassing street expectations
  • 41 consecutive quarters of profitability
  • More than 200,000 parties connected to the Global Logistics Network exchanging more than 4.5 billion messages each year
  • Entering FY16 with a strong balance sheet, a proven ability to execute and a landscape of consolidation opportunities
Press Release Highlights – Q4FY14
  • Quarterly revenues of $44.3 million, up 10% from $40.3 million in Q4FY14
  • Quarterly cash provided by operating activities of $13.1 million, up 4% from $12.6 million in Q4FY14
  • Quarterly Adjusted EBITDA of $13.9 million, up 17% from $11.9 million in Q4FY14
“Adjusted EBITDA” is a non-GAAP financial measure provided as a complement to GAAP financial measures to help investors understand operational trends in our business. However, Adjusted EBITDA should not be used in preference to or instead of any GAAP financial measure. For a definition of Adjusted EBITDA and a reconciliation to Net Income as determined in accordance with GAAP, please see our March 5, 2015 press release.
“Adjusted EBITDA” is a non-GAAP financial measure provided as a complement to GAAP financial measures to help investors understand operational trends in our business. However, Adjusted EBITDA should not be used in preference to or instead of any GAAP financial measure. For a definition of Adjusted EBITDA and a reconciliation to Net Income as determined in accordance with GAAP, please see our March 5, 2015 press release.