DesCartes Systems Group to Cut Workforce After 1Q Miss

Dow Jones

Jun 05, 2025

By Dean Seal

DesCartes Systems Group reported weaker-than-expected first-quarter results and said it plans to eliminate 7% of its workforce to cut costs.

The Canadian technology company, which focuses on logistics and supply chain management software, said after the closing bell that economic and global trade uncertainty is hitting its customers hard and pushing DesCartes to lower its cost base.

The layoffs are expected to result in $4 million of restructuring charges for the current quarter.

In its most recently completed quarter, which ended April 30, revenue rose 12% to $168.7 million. That missed analyst estimates for $169.7 million, according to FactSet.

DesCartes posted a profit of $36.2 million, or 41 cents a share, compared with $34.7 million, or 40 cents a share, in the same quarter a year earlier. Analysts polled by FactSet had been expecting a bigger jump to 44 cents a share.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 04, 2025 17:48 ET (21:48 GMT)

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