Latest news with #DSGX
Yahoo
08-07-2025
- Business
- Yahoo
Descartes Launches FraudGuard 2.0 to Combat Freight and Cargo Fraud
The Descartes Systems Group Inc. DSGX has launched Descartes MacroPoint FraudGuard 2.0—an enhanced freight fraud detection technology aimed at helping shippers, freight brokers and third-party logistics providers (3PLs) tackle increasingly advanced fraud and cargo theft tactics. The updated solution brings new capabilities that span pre-tender, pre-pickup and in-transit stages of shipments. This enables businesses to maintain a reliable, compliant carrier network while improving decision-making accuracy and identifying risks like identity fraud or double brokering before they escalate into financial or reputational losses. The Descartes Systems Group Inc. price-consensus-chart | The Descartes Systems Group Inc. Quote FraudGuard 2.0 leverages Descartes MacroPoint's comprehensive historical and real-time freight visibility data to enhance shipment protection. It automates in-transit risk monitoring and provides timely alerts, allowing users to assess carrier and driver legitimacy quickly without delaying shipment assignments. The system also actively monitors for 16 critical risk indicators, such as identity spoofing and unusual travel behaviors, helping companies stay ahead of potential threats. Key features of FraudGuard 2.0 include a Carrier and Driver Lookup Tool that gives users quick access to carrier performance and risk profiles via Department of Transportation numbers or phone numbers, enabling more informed load planning. Custom Carrier Insights alerts users to suspicious behavior, including the use of VoIP numbers or excessive load acceptance. Meanwhile, continuous In-Transit Risk Monitoring detects anomalies like GPS spoofing, route deviations and abnormal stops, ensuring faster responses to theft or tampering attempts. Management highlighted that the new features provide greater visibility and control, enabling customers to better safeguard their operations, brand reputation and bottom line. Enhanced security not only supports compliance but also helps logistics firms differentiate their services while minimizing fraud-related losses. Descartes recently reported first-quarter fiscal 2026 non-GAAP earnings per share of 41 cents, which lagged the Zacks Consensus Estimate by 10.9%. The bottom line grew 2.5% year over year but fell 4.7% sequentially. Revenues in the quarter were up 11.5% year over year, driven by acquisition synergies and steady growth from new and existing customers, especially in global trade intelligence and MacroPoint freight visibility. However, the top line missed the consensus mark due to a volatile macroeconomic environment and the pressures faced by shippers, carriers and logistics service providers. In March 2025, Descartes acquired 3GTMS for $112.7 million, enhancing its TMS capabilities to better support global shippers and logistics providers. To address macroeconomic challenges, DSGX launched a cost-reduction plan, including a 7% workforce cut and $4 million in restructuring charges during the second quarter of fiscal 2026, which will also affect cash flow. However, it anticipates annualized savings of $15 million once the plan is fully implemented. DSGX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 2.1% in the past year compared with the Zacks Computer-Software industry's growth of 14.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the Computer Software space are Intuit Inc. INTU, Microsoft Corporation MSFT and ACI Worldwide, Inc. ACIW. INTU sports a Zacks Rank #1 (Strong Buy), while MSFT and ACIW carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Intuit's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.15%. In the last reported quarter, INTU Holdings delivered an earnings surprise of 6.98%. Its shares have soared 25.6% in the six months. Microsoft's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 5.21%. In the last reported quarter, MSFT delivered an earnings surprise of 8.13%. The company's long-term earnings growth rate is 14.8%. Its shares have advanced 17.7% in the past six months. ACI Worldwide's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 66.64%. In the last reported quarter, ACIW delivered an earnings surprise of 54.55%. Its shares have jumped 16.8% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report The Descartes Systems Group Inc. (DSGX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Descartes Announces Results of Annual Meeting of Shareholders
WATERLOO, Ontario, June 12, 2025 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG), announced the voting results from its annual meeting of shareholders held on Thursday, June 12, 2025 (the 'Meeting'). Meeting Results The following matters, as set out in more detail in its Management Information Circular dated April 30, 2025, were considered and voted on by shareholders at the Meeting: GeneralThe total number of common shares of the Corporation represented in person or by proxy at the Meeting was 77,507,142 which represented 90.35% of the 85,782,830 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 25, 2025. Election of DirectorsOn a vote by ballot, each of the following 10 nominees proposed by management of the Corporation was elected as a director of the Corporation: Director Nominee Number of Votes FOR Percentage of Votes FOR Number of Votes AGAINST Percentage of Votes AGAINST Deepak Chopra 75,876,565 98.81% 912,202 1.19% Eric Demirian 72,960,218 95.01% 3,828,551 4.99% Dennis Maple 73,891,505 96.23% 2,897,262 3.77% Jane Mowat 76,767,145 99.97% 21,625 0.03% Chris Muntwyler 75,883,997 98.82% 904,773 1.18% Jane O'Hagan 75,033,103 97.71% 1,755,666 2.29% Edward Ryan 76,223,399 99.26% 565,370 0.74% John Walker 73,935,135 96.28% 2,853,635 3.72% Laura Wilkin 76,767,158 96.28% 21,612 0.03% Appointment of Auditors On a vote by ballot, KPMG LLP, Chartered Professional Accountants and Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed. Number of Votes FOR Percentage of Votes FOR Number of Votes WITHHELD Percentage of Votes WITHHELD 77,241,699 99.66% 265,443 0.34% Say-On-Pay On a vote by ballot, the 'Say-On-Pay' resolution proposed by management of the Corporation was approved. Number of Votes FOR Percentage of Votes FOR Number of Votes AGAINST Percentage of Total Votes AGAINST 74,071,830 96.46% 2,716,938 3.54% About DescartesDescartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at and connect with us on LinkedIn and Twitter. Descartes Investor Contact Laurie McCauley (519) 746-6114 x202358investor@ in to access your portfolio
San Francisco Chronicle
04-06-2025
- Business
- San Francisco Chronicle
Descartes Systems: Fiscal Q1 Earnings Snapshot
WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — The Descartes Systems Group Inc. (DSGX) on Wednesday reported profit of $36.2 million in its fiscal first quarter. The Waterloo, Ontario-based company said it had net income of 41 cents per share. The logistics provider posted revenue of $168.7 million in the period. _____
Yahoo
04-06-2025
- Business
- Yahoo
Descartes Systems: Fiscal Q1 Earnings Snapshot
WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — The Descartes Systems Group Inc. (DSGX) on Wednesday reported profit of $36.2 million in its fiscal first quarter. The Waterloo, Ontario-based company said it had net income of 41 cents per share. The logistics provider posted revenue of $168.7 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DSGX at Sign in to access your portfolio
Yahoo
04-06-2025
- Business
- Yahoo
Descartes Systems: Fiscal Q1 Earnings Snapshot
WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — The Descartes Systems Group Inc. (DSGX) on Wednesday reported profit of $36.2 million in its fiscal first quarter. The Waterloo, Ontario-based company said it had net income of 41 cents per share. The logistics provider posted revenue of $168.7 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DSGX at Sign in to access your portfolio
