Descartes Systems Group Inc
TSX:DSG
Income Statement
Earnings Waterfall
Descartes Systems Group Inc
Revenue
|
572.9m
USD
|
Cost of Revenue
|
-138.3m
USD
|
Gross Profit
|
434.6m
USD
|
Operating Expenses
|
-291.1m
USD
|
Operating Income
|
143.6m
USD
|
Other Expenses
|
-27.7m
USD
|
Net Income
|
115.9m
USD
|
Income Statement
Descartes Systems Group Inc
Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
151
N/A
|
158
+5%
|
163
+3%
|
167
+3%
|
171
+2%
|
174
+2%
|
177
+1%
|
181
+2%
|
185
+2%
|
189
+2%
|
195
+3%
|
199
+2%
|
204
+2%
|
209
+3%
|
216
+3%
|
227
+5%
|
237
+5%
|
250
+5%
|
260
+4%
|
268
+3%
|
275
+3%
|
286
+4%
|
300
+5%
|
313
+4%
|
326
+4%
|
331
+2%
|
335
+1%
|
339
+1%
|
349
+3%
|
364
+4%
|
384
+6%
|
406
+6%
|
425
+5%
|
442
+4%
|
461
+4%
|
473
+3%
|
486
+3%
|
506
+4%
|
527
+4%
|
550
+4%
|
573
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(49)
|
(52)
|
(53)
|
(54)
|
(55)
|
(55)
|
(55)
|
(54)
|
(54)
|
(54)
|
(54)
|
(55)
|
(56)
|
(57)
|
(58)
|
(61)
|
(64)
|
(68)
|
(71)
|
(73)
|
(75)
|
(76)
|
(79)
|
(82)
|
(86)
|
(88)
|
(89)
|
(89)
|
(90)
|
(92)
|
(95)
|
(98)
|
(102)
|
(106)
|
(109)
|
(111)
|
(113)
|
(118)
|
(124)
|
(131)
|
(138)
|
|
Gross Profit |
102
N/A
|
106
+4%
|
110
+3%
|
113
+3%
|
116
+3%
|
119
+3%
|
122
+2%
|
127
+4%
|
131
+3%
|
135
+3%
|
140
+4%
|
144
+3%
|
148
+3%
|
153
+3%
|
158
+3%
|
165
+5%
|
174
+5%
|
182
+5%
|
189
+4%
|
195
+3%
|
200
+3%
|
210
+5%
|
220
+5%
|
230
+5%
|
240
+4%
|
244
+2%
|
246
+1%
|
250
+2%
|
259
+3%
|
272
+5%
|
289
+6%
|
308
+6%
|
323
+5%
|
336
+4%
|
351
+4%
|
362
+3%
|
373
+3%
|
388
+4%
|
402
+4%
|
419
+4%
|
435
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(81)
|
(84)
|
(86)
|
(88)
|
(91)
|
(93)
|
(95)
|
(99)
|
(102)
|
(105)
|
(109)
|
(111)
|
(114)
|
(117)
|
(120)
|
(126)
|
(134)
|
(141)
|
(148)
|
(152)
|
(155)
|
(164)
|
(170)
|
(178)
|
(188)
|
(187)
|
(189)
|
(187)
|
(187)
|
(192)
|
(200)
|
(210)
|
(220)
|
(231)
|
(236)
|
(239)
|
(241)
|
(245)
|
(257)
|
(277)
|
(291)
|
|
Selling, General & Administrative |
(37)
|
(38)
|
(39)
|
(40)
|
(41)
|
(41)
|
(42)
|
(43)
|
(44)
|
(45)
|
(46)
|
(47)
|
(48)
|
(50)
|
(52)
|
(55)
|
(59)
|
(61)
|
(64)
|
(66)
|
(67)
|
(72)
|
(71)
|
(73)
|
(77)
|
(73)
|
(77)
|
(75)
|
(75)
|
(79)
|
(82)
|
(88)
|
(90)
|
(97)
|
(97)
|
(99)
|
(102)
|
(103)
|
(110)
|
(117)
|
(124)
|
|
Research & Development |
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(35)
|
(36)
|
(36)
|
(37)
|
(39)
|
(42)
|
(44)
|
(46)
|
(47)
|
(48)
|
(49)
|
(50)
|
(52)
|
(54)
|
(54)
|
(54)
|
(54)
|
(54)
|
(56)
|
(58)
|
(61)
|
(63)
|
(64)
|
(67)
|
(68)
|
(70)
|
(74)
|
(77)
|
(81)
|
(84)
|
|
Depreciation & Amortization |
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(29)
|
(29)
|
(30)
|
(31)
|
(31)
|
(32)
|
(34)
|
(35)
|
(38)
|
(39)
|
(40)
|
(43)
|
(48)
|
(52)
|
(56)
|
(56)
|
(56)
|
(56)
|
(56)
|
(56)
|
(57)
|
(58)
|
(59)
|
(60)
|
(61)
|
(61)
|
(60)
|
(60)
|
(59)
|
(60)
|
(61)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(3)
|
(9)
|
(10)
|
(11)
|
(11)
|
(9)
|
(9)
|
(11)
|
(19)
|
(23)
|
|
Operating Income |
21
N/A
|
23
+7%
|
24
+6%
|
25
+4%
|
26
+2%
|
26
+2%
|
27
+4%
|
28
+4%
|
30
+5%
|
31
+4%
|
31
+2%
|
33
+4%
|
34
+5%
|
36
+5%
|
38
+6%
|
39
+2%
|
40
+2%
|
41
+2%
|
41
+1%
|
43
+4%
|
45
+5%
|
46
+1%
|
50
+9%
|
52
+5%
|
52
0%
|
57
+10%
|
57
-1%
|
63
+11%
|
72
+15%
|
80
+10%
|
89
+12%
|
98
+9%
|
103
+5%
|
105
+2%
|
115
+10%
|
123
+7%
|
132
+7%
|
143
+8%
|
145
+1%
|
142
-2%
|
144
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(3)
|
(2)
|
(0)
|
(1)
|
4
|
3
|
2
|
3
|
2
|
3
|
2
|
7
|
3
|
3
|
5
|
1
|
6
|
9
|
13
|
|
Non-Reccuring Items |
(7)
|
(7)
|
(6)
|
(6)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
|
Pre-Tax Income |
14
N/A
|
15
+6%
|
17
+14%
|
18
+11%
|
22
+18%
|
23
+6%
|
25
+7%
|
26
+3%
|
28
+8%
|
29
+3%
|
30
+3%
|
30
+2%
|
32
+4%
|
33
+4%
|
34
+4%
|
34
+1%
|
35
+1%
|
35
+1%
|
35
+2%
|
38
+7%
|
40
+5%
|
40
+2%
|
42
+5%
|
45
+7%
|
48
+7%
|
54
+12%
|
57
+6%
|
62
+9%
|
70
+13%
|
78
+11%
|
89
+14%
|
98
+10%
|
103
+4%
|
110
+7%
|
116
+5%
|
124
+7%
|
134
+8%
|
141
+5%
|
148
+5%
|
147
0%
|
151
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(4)
|
(4)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(12)
|
(11)
|
(13)
|
(14)
|
(16)
|
(18)
|
(19)
|
(17)
|
(14)
|
(16)
|
(19)
|
(25)
|
(32)
|
(31)
|
(33)
|
(34)
|
(33)
|
(35)
|
|
Income from Continuing Operations |
10
|
10
|
12
|
14
|
15
|
16
|
18
|
19
|
21
|
22
|
22
|
23
|
24
|
25
|
26
|
26
|
26
|
26
|
28
|
29
|
31
|
32
|
32
|
33
|
37
|
41
|
43
|
46
|
52
|
59
|
72
|
84
|
86
|
91
|
91
|
92
|
102
|
108
|
114
|
114
|
116
|
|
Net Income (Common) |
10
N/A
|
10
+9%
|
12
+18%
|
14
+16%
|
15
+5%
|
16
+8%
|
18
+9%
|
19
+6%
|
21
+10%
|
22
+5%
|
22
+3%
|
23
+3%
|
24
+3%
|
25
+4%
|
26
+6%
|
26
+1%
|
27
+2%
|
27
+0%
|
28
+5%
|
30
+6%
|
31
+4%
|
32
+1%
|
32
+0%
|
33
+6%
|
37
+11%
|
41
+10%
|
43
+5%
|
46
+9%
|
52
+12%
|
59
+14%
|
72
+21%
|
84
+17%
|
86
+2%
|
91
+5%
|
91
0%
|
92
+1%
|
102
+12%
|
108
+6%
|
114
+5%
|
114
+0%
|
116
+2%
|
|
EPS (Diluted) |
0.14
N/A
|
0.16
+14%
|
0.18
+13%
|
0.2
+11%
|
0.21
+5%
|
0.21
N/A
|
0.23
+10%
|
0.25
+9%
|
0.27
+8%
|
0.29
+7%
|
0.3
+3%
|
0.31
+3%
|
0.31
N/A
|
0.33
+6%
|
0.34
+3%
|
0.34
N/A
|
0.34
N/A
|
0.34
N/A
|
0.36
+6%
|
0.38
+6%
|
0.4
+5%
|
0.4
N/A
|
0.39
-3%
|
0.4
+3%
|
0.45
+13%
|
0.48
+7%
|
0.5
+4%
|
0.54
+8%
|
0.61
+13%
|
0.68
+11%
|
0.83
+22%
|
0.97
+17%
|
1
+3%
|
1.05
+5%
|
1.05
N/A
|
1.06
+1%
|
1.18
+11%
|
1.25
+6%
|
1.31
+5%
|
1.31
N/A
|
1.34
+2%
|