The Descartes Systems Group Inc

DSG: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Descartes Earnings: Decent, Amid Prolonged Tariff Uncertainty

Dan Romanoff , Dhruv Kothari

Sep 4, 2025

Descartes' fiscal second-quarter revenue grew by 10% year over year to $179.8 million, on the back of a solid 14% growth in services revenue. Adjusted EBITDA margin, which came in at 44.6%, posted another quarter of double-digit growth. However, it narrowly missed the FactSet consensus estimates.

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The Descartes Systems Group Inc

Descartes Earnings: Decent, Amid Prolonged Tariff Uncertainty

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