Revenue during the quarter grew 11.46 percent to $54.51 million from $48.91 million in the previous year period. Gross margin for the quarter expanded 161 basis points over the previous year period to 73.62 percent. Total expenses were 83.04 percent of quarterly revenues, down from 84.55 percent for the same period last year. This has led to an improvement of 151 basis points in operating margin to 16.96 percent.

Operating income for the quarter was $9.25 million, compared with $7.56 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $19 million compared with $16.60 million in the prior year period. At the same time, adjusted EBITDA margin improved 91 basis points in the quarter to 34.85 percent from 33.94 percent in the last year period.

"With evolving consumer buying patterns and a rapidly changing global trade landscape, our customers are increasingly looking to us to isolate them from complexity," said Edward J. Ryan, Descartes’ chief executive officer. "We continue to add more solutions, content and capabilities to our Global Logistics Network (GLN) so that our customers can not only navigate this changing landscape, but thrive with a competitive advantage where others see challenges. We believe our continued strong financial performance reflects our customers’ success in leveraging our investments to improve the security and efficiency of their operations."

The company has spent $0.79 million cash to meet investing activities during the quarter as against cash outgo of $9.11 million in the last year period.

Cash flow from financing activities was $0.46 million for the quarter, down 95.42 percent or $9.63 million, when compared with the last year period.

Cash and cash equivalents stood at $54.37 million as on Apr. 30, 2017, down 2.15 percent or $1.19 million from $55.56 million on Apr. 30, 2016.