Review of Descartes Systems Group Inc

JUN 27, 2024 - DSG is a global leader in on-demand software solutions that focuses on improving productivity, reducing costs and enhancing the security of logistics-intensive businesses. The rise of e-commerce has been a long-term tailwind for DSG’s business, as customers increasingly demand narrower order-to-fulfillment periods, lower prices, and greater flexibility in scheduling deliveries, and a large number of organizations still have manual business processes. DSG’s valuation is not cheap, but justified by a successful track record of acquisitive growth. We are maintaining our rating at “A-”.