Descartes Systems Group (NASDAQ: DSGX) reported Q3 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $83 million versus the consensus estimate of $82.86 million.

“Descartes continues to deliver predictable results in an increasingly unpredictable business environment,” said Edward J. Ryan, Descartes’ CEO. “Our customers need access to timely, reliable data from multiple sources via a network to fuel decision-making tools that power their businesses. The Global Logistics Network (GLN) does just that, connecting shippers, carriers and logistics service providers on one platform to manage the lifecycle of shipments.”

Q3FY20 Financial ResultsAs described in more detail below, key financial highlights for Descartes’ Q3FY20 included:

• Revenues of $83.0 million, up 19% from $70.0 million in the third quarter of fiscal 2019 (Q3FY19) and up 3% from $80.5 million in the previous quarter (Q2FY20);
• Revenues were comprised of services revenues of $72.6 million (87% of total revenues), professional services and other revenues of $8.9 million (11% of total revenues) and license revenues of $1.5 million (2% of total revenues). Services revenues were up 19% from $61.1 million in Q3FY19 and up 2% from $71.4 million in Q2FY20;
• Cash provided by operating activities of $27.5 million, up 43% from $19.2 million in Q3FY19 and up 2% from $26.9 million in Q2FY20;
• Income from operations of $13.7 million, up 27% from $10.8 million in Q3FY19 and up 5% from $13.1 million in Q2FY20;
• Net income of $9.7 million, up 23% from $7.9 million in Q3FY19 and up 13% from $8.6 million in Q2FY20;
• Earnings per share on a diluted basis of $0.11, compared to $0.10 in Q3FY19 and $0.10 in Q2FY20; and
• Adjusted EBITDA of $31.5 million, up 31% from $24.0 million in Q3FY19 and up 4% from $30.2 million in Q2FY20. Adjusted EBITDA as a percentage of revenues was 38%, compared to 34% in Q3FY19 and 38% in Q2FY20.

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