Descartes Systems Group (NASDAQ: DSGX) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $84 million versus the consensus estimate of $81.41 million.

Q2FY21 Financial ResultsAs described in more detail below, key financial highlights for Q2FY21 included:

• Revenues of $84.0 million, up 4% from $80.5 million in the second quarter of fiscal 2020 (Q2FY20) and up from $83.7 million in the previous quarter (Q1FY21);
• Revenues were comprised of services revenues of $75.3 million (90% of total revenues), professional services and other revenues of $7.4 million (9% of total revenues) and license revenues of $1.3 million (1% of total revenues). Services revenues were up 5% from $71.4 million in Q2FY20 and up 2% from $74.1 million in Q1FY21;
• Cash provided by operating activities of $34.1 million, up 27% from $26.9 million in Q2FY20 and up 24% from $27.5 million in Q1FY21;
• Income from operations of $15.0 million, up 15% from $13.1 million in Q2FY20 and down from $15.7 million in Q1FY21;
• Net income of $10.5 million, up 22% from $8.6 million in Q2FY20 and down from $11.0 million in Q1FY21. Net income as a percentage of revenues was 13%, compared to 11% in Q2 FY20 and 13% in Q1FY21;
• Earnings per share on a diluted basis of $0.12, up 20% from $0.10 in Q2FY20 and down from $0.13 in Q1FY21; and
• Adjusted EBITDA of $34.0 million, up 13% from $30.2 million in Q2FY20 and up 3% from $33.0 million in Q1FY21. Adjusted EBITDA as a percentage of revenues was 40%, compared to 38% in Q2FY20 and 39% in Q1FY21.

“The last six months have cast a spotlight on the logistics industry as an essential service,” said Edward J. Ryan, Descartes’ CEO. “Supply chain resilience and flexibility are now top-of-mind for governments and businesses alike. Technology and connectivity are central to navigating today’s dynamic landscape, helping to ensure the right goods and services are delivered to those that need them most. Our Global Logistics Network is well-positioned to help, by connecting shippers, carriers, logistics services providers and governments to efficiently and securely manage the lifecycle of shipments.”

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