Descartes Systems Group (DSGX) Posts Strong Performance for Fiscal Q4FY 2011 and FY 2011
Descartes Systems Group, a premier provider of global trade compliance, supply chain execution and mobile resource management services, reported solid fourth-quarter and full-year results for fiscal 2011. "This quarter's and year's financial results were ahead of our internal plans. Our operating performance per diluted share grew more than planned, with a higher ending cash position than originally anticipated. Our strong performance and balance sheet position us well for continued operational excellence and consolidation opportunities," Stephanie Ratza, CFO of Descartes stated in the press release. Revenues were reported at $26.9 million, up 42 percent from $18.9 million reported in the fourth…