The global logistics solutions software developer Descartes Systems saw fourth-quarter operating profit rise 16 percent, year-over-year, to $11.3 million, on revenue that rose 19 percent, to $40.3 million.
It was the 37th consecutive quarter in which Descartes’ profits rose. The Ontario-based provider’s fiscal year runs through Jan. 31.
"We're pleased with the company's performance during this year, with continued strong growth in revenues, adjusted EBITDA and cash flow," said Descartes Chief Executive Officer Edward Ryan. "Our strategy of focusing on recurring revenues, organic growth and complementary acquisitions continues to deliver consistent, predictable financial results. As we look ahead to fiscal 2015, we remain optimistic about Descartes' future, as we continue to see strong demand for our SaaS-based solutions that drive the largest collaborative logistics community in the world."
In the fourth quarter, Descartes saw 49 percent of its business originate in the United States, and 46 percent in the Europe/Middle East/Africa region.
For the fiscal year, revenue rose 19.2 percent, to $151.3 million, while operating profit rose 16.5 percent. The company at year end had $62.7 million in cash and $40.4 million of outstanding debt.