Latest news with #DescartesSystemsGroup
Mint
2 days ago
- Business
- Mint
TSX inches higher as Carney-Trump communications feed investor optimism
TSX ends up 0.1% at 26,342.29 Trade deficit hits an all-time high in April Energy rises 0.5% as oil settles 0.8% higher Descartes Systems Group tumbles 12.1% June 5 - Canada's main stock index edged higher on Thursday as higher oil prices boosted energy shares and investors assessed prospects of Canada reaching a trade deal with the United States. The Toronto Stock Exchange's S&P/TSX composite index ended up 13.29 points, or 0.1%, at 26,342.29, staying within reach of the record closing high it posted on Tuesday. Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa's bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said. "We're still cautiously optimistic that the TSX finishes at 27,000 for the year," said Jay Bala, co-founder and senior portfolio manager at AIP Asset Management. "I do think that Mark Carney is going to have a better relationship with the Donald Trumps of the world and I think he'll get a deal done ... it makes sense for both countries to get a deal done." Canada is a major destination for U.S. goods, while it sends 75% of its exports south of the border. U.S. tariffs hurt demand for Canadian goods in April, which contributed to the Canadian trade deficit widening to an all-time high of C$7.1 billion . The energy sector rose 0.5% as the price of oil settled 0.8% higher at $63.37 a barrel on optimism about U.S.-China trade talks. The materials group, which includes metal mining shares, was up 0.4% as copper prices climbed. Technology was a drag, falling 1.1%, with shares of Descartes Systems Group Inc down 12.1% after the application software company's first-quarter results missed estimates. This article was generated from an automated news agency feed without modifications to text.
Yahoo
3 days ago
- Business
- Yahoo
Descartes Down 8% In US After Hours On Fiscal Q1 Earnings and Revs Miss; Cutting Workforce By Near 7%
Descartes Systems Group ( DSGX) was at last look down 8% in after-hours Nasdaq trading Wednes Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Update On Descartes: Now Down Less Than 1% In US After Hours
Descartes Systems Group ( DSGX) was at last look down less than 1% in after-hours Nasdaq trad Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Descartes' Annual Ecommerce Study Shows Younger Consumers Driving Online Buying Growth - but 79% Have Experienced Delivery Problems
LONDON and ATLANTA, May 14, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from How Smarter Home Delivery Wins Younger Consumers as Online Buying Slows, its fourth annual consumer sentiment study of ecommerce home delivery. The study shows that, in a slower growing ecommerce market, consumers aged 18-35 ('under 35s') are the biggest contributor to online growth, increasing both the volume and frequency of their purchases over the last 12 months compared to the prior year. While 18% of overall consumers surveyed cut back on purchases during this period, 43% of under 35s increased their spending year-on-year compared to just 32% of over 65s (see Figure 1). Figure 1. Changes in online purchasing behaviorIn addition, this year's survey found that 44% of under 35s made online purchases at least every two weeks—a significant jump over last year's 33%. For the younger demographic, however, their levels of dissatisfaction with home delivery remain high with a significant 79% reportedly experiencing delivery problems compared to 66% of overall consumers surveyed. Moreover, for each delivery problem detailed in the survey, under 35s reported a higher percentage of negative experiences than overall respondents (see Figure 2). Conversely, over 65s reported a lower percentage of negative experiences than all respondents. Not only is the younger demographic the cohort driving growth in online purchasing, it also appears to be the group with the highest expectations for positive delivery experiences. Figure 2. Issues with home deliveries'The bottom-line impact of negative delivery experiences remains a pressing concern for retailers and their delivery partners, especially with the pace of ecommerce growth steadying post-pandemic,' said Mavi Silveira, SVP Global Marketing at Descartes. 'While small improvements in home delivery performance have been made over the past few years, they're not currently reflecting the quality experience consumers are demanding, especially the valuable under 35 cohort, as poor delivery experiences risks the potential lifetime customer value of this demographic.' Descartes and SAPIO Research surveyed 8,000 consumers in Europe and North America on their ecommerce buying behavior during the first three months of 2025. The goal was to gain a comprehensive view of the state of ecommerce and home delivery performance by understanding, for example, the reasons for increases or decreases in ecommerce purchases, the different types of goods purchased, the frequency of purchases, delivery preferences, delivery experiences and the impact of delivery failures on retailers and their delivery agents. The study also examines how consumer behaviors and perceptions vary across demographics. For the full report, read How Smarter Home Delivery Wins Younger Consumers as Online Buying Slows. Learn more about Descartes' Home Delivery Solutions and its Ecommerce Shipping & Fulfillment Solutions. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at and connect with us on LinkedIn and Twitter. Global Media Contact Cara Strohack Tel: 226-750-8050 cstrohack@ Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ('forward-looking statements') that relate to Descartes' home delivery solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, 'Certain Factors That May Affect Future Results' in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes' most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Descartes Sets Date to Announce First Quarter Fiscal 2026 Financial Results
WATERLOO, Ontario and ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first quarter fiscal 2026 financial results after market close on Wednesday, June 4, 2025. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605. The company will simultaneously conduct an audio webcast on the Descartes website at Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand. Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at About Descartes Systems Group Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at and connect with us on LinkedIn and X (Twitter). Descartes Investor ContactLaurie McCauley(519) 746-2969investor@ in to access your portfolio
