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The Descartes Systems Group Inc DSGX Stock Quote

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Morningstar‘s Stock Analysis DSGX

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A Large Neutral Shipping Network Helps Descartes Grease the Gears of the Global Supply Chain

Dan Romanoff, CPA Senior Equity Analyst

Business Strategy and Outlook

| Dan Romanoff, CPA |

The Descartes Systems Group operates the largest neutral shipping network in the world, connecting 200,000 shippers, manufacturers, suppliers, retailers, and government agencies and enabling the sharing of 19 billion shipping-related transactions each year. The company also offers a broad portfolio of software solutions that solve real business challenges in the shipping industry.

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Company Profile DSGX

Business Description

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

120 Randall Drive
Waterloo, ON, N2V 1C6, Canada
T +1 519 746-8110
Industry Software - Application
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 31, 2023
Employees 1,860