Descartes' Earnings: Navigating Trade Turbulence

Descartes' latest earnings report reveals a mixed bag: earnings per share missed expectations despite revenue jumping to $180 million, fueled by a 14% surge in service revenue. Trade war jitters are making customers hesitant, but Descartes is strategically acquiring companies like Finale Inventory to bolster its offerings and leverage its $241 million cash pile. With trade intelligence and compliance services in high demand, Descartes aims to navigate the choppy waters of global supply chains and capitalize on uncertainty. Hosted on Acast. See acast.com/privacy for more information.