Latest news with #DescartesSystemsGroup
Yahoo
2 days ago
- Business
- Yahoo
1 Magnificent AI Stock Down 21% That Could Transform Your Portfolio
Written by Jitendra Parashar at The Motley Fool Canada Artificial Intelligence (AI) is everywhere these days. You see it in your smartphone, your online shopping suggestions, and even behind the scenes in major industries like logistics and healthcare. While some AI stocks get all the buzz, others are busy developing scalable, real-world solutions. And in 2025, one Canadian AI-focused stock, Descartes Systems Group (TSX:DSG), has caught my eye because it's doing just that. Although DSG stock is currently down 21% from its 52-week highs, I actually think that's what makes it so interesting right now. Let me explain why this under-the-radar AI stock could become a game-changer in your portfolio over the long run. Despite being down from its highs, Descartes Systems could offer a lot more than meets the eye. Based in Waterloo, this Canadian company specializes in logistics and supply chain software, offering AI-powered tools that help businesses optimize shipping, track deliveries, automate customs filings, and improve compliance. Over the past 12 months, DSG stock has risen 2%, but it's still down 21% from its 52-week high. As a result, this AI stock currently trades at $140.53 per share with a market cap of $12.1 billion. Despite economic uncertainty in global logistics, Descartes delivered double-digit revenue growth in its latest earnings. For the first quarter of its fiscal 2026 (ended in April 2025), the company's revenue rose by 12% YoY (year-over-year) to US$168.7 million. Most of that growth came from its high-margin services business, which made up nearly 93% of its total revenue. That shows Descartes' solid customer retention and growing demand for its services even in a softer trade environment. On the profitability side, the tech firm's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed by 12% YoY to US$75.1 million while its net profit inched up by 4% to US$36.2 million. However, higher restructuring costs and some seasonal softness affected its sequential growth. Still, Descartes finished the quarter with over US$176 million in cash, reflecting strong liquidity. Where Descartes really sets itself apart is in how it's applying AI to solve real-world logistics problems. From using machine learning to improve delivery times to automatically refining its route optimization with past data, its AI-powered system is already delivering results. Its Route Planner AI Advisor platform uses machine learning to suggest optimal configurations for each customer's delivery network, which helps reduce the guesswork and manual inputs. It even fine-tunes performance by factoring in real GPS data, vehicle type, traffic patterns, and territory conditions. Moreover, in global trade intelligence, Descartes has rolled out AI-powered tools that automate screening, classification, and risk assessment in cross-border shipping. These are the areas that are only getting more complex due to shifting global trade policies and sanctions. The market may be chasing more glamorous AI stocks right now, but Descartes is truly building solid long-term value in the background. With a resilient recurring revenue base, ongoing innovation, and a stock price still 21% below its recent peak, this could be an amazing opportunity for long-term investors to buy this magnificent AI stock at a bargain. The post 1 Magnificent AI Stock Down 21% That Could Transform Your Portfolio appeared first on The Motley Fool Canada. Before you buy stock in Descartes Systems Group, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Descartes Systems Group wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Descartes Systems Group. The Motley Fool has a disclosure policy. 2025
Tahawul Tech
19-06-2025
- Business
- Tahawul Tech
JAGGAER announces the appointment of new CEO
JAGGAER, has announced the appointment of Andrew Roszko as the company's new Chief Executive Officer. Organizations stand at a pivotal moment as global supply chains grow increasingly complex and demand more resilient, intelligent, and agile solutions. Andrew's appointment comes at a time of immense opportunity to meet these challenges head-on. Andrew brings more than 25 years of executive leadership across the supply chain, SaaS, and enterprise technology sector. Most recently, he served as Chief Commercial Officer at Descartes Systems Group, where he played a pivotal role in transforming the company from a $40 million business into a global supply chain leader with over $700 million in revenue. Andrew is known for driving strategic growth, customer-first innovation, and high-performance cultures. His leadership style is grounded in clarity, collaboration, and execution—making him the right leader to guide JAGGAER into its next era of growth and impact. His vision and experience will build upon the company's strong foundation and guide JAGGAER into its next phase of growth and innovation. JAGGAER's roadmap of AI technological innovation will improve outcomes for its customers and promote growth for its people and company. A Message from Andrew Roszko 'I'm honored and energized to join JAGGAER. This is a company with a remarkable legacy, a bold mission, and—most importantly—an exceptional team. What stood out to me from the beginning is the depth of expertise and long-standing commitment to customers across the organization. That kind of dedication is rare and ultimately our strongest asset.' 'JAGGAER has a rare opportunity to redefine intelligent procurement. With our unmatched expertise, customer-first culture, and AI innovation roadmap, we're ready to unlock new levels of value, resilience, and growth—for our customers, our partners, and our people. I'm excited to partner with this incredible team and our global community of customers as we build what's next—together.' A Message from JAGGAER's Board of Directors 'We are delighted to welcome Andrew Roszko to the JAGGAER family. His proven track record and unique understanding of the intricate challenges our customers face, make him the ideal leader to steer JAGGAER's strategic vision. His focus on people and culture also resonates deeply with our values. We are confident that under his guidance, JAGGAER will further solidify its position as the leader in intelligent procurement and create unparalleled value for our customers, partners, and employees.'
Hamilton Spectator
19-06-2025
- Business
- Hamilton Spectator
Descartes Systems Group acquires PackageRoute for about US$2 million
TORONTO - Logistics software company Descartes Systems Group says it has acquired PackageRoute for about US$2 million. PackageRoute has a mobile and web-based platform that offers real-time visibility for package deliveries, route optimization and fleet management. The company is based in Sammamish, Wash. James Wee, general manager of routing, mobile and telematics at Descartes, says the U.S. firm works with subcontracted delivery service companies. PackageRoute's software integrates pickup and delivery data, helping contractors and drivers to operate more efficiently. Ontario-based Descartes specializes in software for supply chain and logistics management applications. This report by The Canadian Press was first published June 19, 2025. Companies in this story: (TSX:DSG)
Winnipeg Free Press
19-06-2025
- Business
- Winnipeg Free Press
Descartes Systems Group acquires PackageRoute for about US$2 million
TORONTO – Logistics software company Descartes Systems Group says it has acquired PackageRoute for about US$2 million. PackageRoute has a mobile and web-based platform that offers real-time visibility for package deliveries, route optimization and fleet management. The company is based in Sammamish, Wash. James Wee, general manager of routing, mobile and telematics at Descartes, says the U.S. firm works with subcontracted delivery service companies. PackageRoute's software integrates pickup and delivery data, helping contractors and drivers to operate more efficiently. Ontario-based Descartes specializes in software for supply chain and logistics management applications. This report by The Canadian Press was first published June 19, 2025. Companies in this story: (TSX:DSG)
Zawya
18-06-2025
- Business
- Zawya
Andrew Roszko joins JAGGAER as Chief Executive Officer
Dubai, United Arab Emirates – JAGGAER, a global leader in Source-to-Pay and supplier collaboration, has announced the appointment of Andrew Roszko as the company's new Chief Executive Officer. Organizations stand at a pivotal moment as global supply chains grow increasingly complex and demand more resilient, intelligent, and agile solutions. Andrew's appointment comes at a time of immense opportunity to meet these challenges head-on. Andrew brings more than 25 years of executive leadership across the supply chain, SaaS, and enterprise technology sector. Most recently, he served as Chief Commercial Officer at Descartes Systems Group, where he played a pivotal role in transforming the company from a $40 million business into a global supply chain leader with over $700 million in revenue. Andrew is known for driving strategic growth, customer-first innovation, and high-performance cultures. His leadership style is grounded in clarity, collaboration, and execution—making him the right leader to guide JAGGAER into its next era of growth and impact. His vision and experience will build upon the company's strong foundation and guide JAGGAER into its next phase of growth and innovation. JAGGAER's roadmap of AI technological innovation will improve outcomes for its customers and promote growth for its people and company. A Message from Andrew Roszko 'I'm honored and energized to join JAGGAER. This is a company with a remarkable legacy, a bold mission, and—most importantly—an exceptional team. What stood out to me from the beginning is the depth of expertise and long-standing commitment to customers across the organization. That kind of dedication is rare and ultimately our strongest asset.' 'JAGGAER has a rare opportunity to redefine intelligent procurement. With our unmatched expertise, customer-first culture, and AI innovation roadmap, we're ready to unlock new levels of value, resilience, and growth—for our customers, our partners, and our people. I'm excited to partner with this incredible team and our global community of customers as we build what's next—together.' A Message from JAGGAER's Board of Directors "We are delighted to welcome Andrew Roszko to the JAGGAER family. His proven track record and unique understanding of the intricate challenges our customers face, make him the ideal leader to steer JAGGAER's strategic vision. His focus on people and culture also resonates deeply with our values. We are confident that under his guidance, JAGGAER will further solidify its position as the leader in intelligent procurement and create unparalleled value for our customers, partners, and employees." About JAGGAER: Procurement's intelligent source-to-pay and supplier collaboration platform. JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce.
