Descartes Systems Group (NASDAQ: DSGX) reported Q1 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $67 million versus the consensus estimate of $65.7 million.

Q1FY19 Financial ResultsAs described in more detail below, key financial highlights for Q1FY19 included:

• Revenues of $67.0 million, up 23% from $54.5 million in the first quarter of fiscal 2018 (Q1FY18) and up 5% from $63.6 million in the previous quarter (Q4FY18);
• Revenues were comprised of services revenues of $57.8 million (86% of total revenues), professional services and other revenues of $7.3 million (11% of total revenues) and license revenues of $1.9 million (3% of total revenues). Services revenues were up 24% from $46.7 million in Q1FY18 and up 5% from $55.0 million in Q4FY18;
• Cash provided by operating activities of $18.9 million, up 15% from $16.5 million in Q1FY18 and down slightly from $19.6 million in Q4FY18;
• Income from operations of $9.7 million, up 4% from $9.3 million in Q1FY18 and up 9% from $8.9 million in Q4FY18;
• Net income of $7.0 million, up 1% from $6.9 million in Q1FY18 and up 4% from $6.7 million in Q4FY18. Net income as a percentage of revenues was 10%, compared to 13% in Q1FY18 and 11% in Q4FY18;
• Earnings per share on a diluted basis of $0.09, consistent with $0.09 in Q1FY18 and $0.09 in Q4FY18; and
• Adjusted EBITDA of $22.1 million, up 16% from $19.0 million in Q1FY18 and up 3% from $21.4 million in Q4FY18. Adjusted EBITDA as a percentage of revenues was 33%, compared to 35% in Q1FY18 and 34% in Q4FY18.

For earnings history and earnings-related data on Descartes Systems Group (DSGX) click here.