The Descartes Systems Group Inc.

TSX-DSG

Metric	Jan '15	Jan '16	Jan '17	Jan '18	Jan '19	Jan '20	Jan '21	Jan '22	Jan '23	Jan '24
Total Revenues						325.8	348.7	424.7	486	572.9
Total Revenues % Chg.						18.4%	7%	21.8%	14.4%	17.9%
Cost of Goods Sold, Total						85.7	89.9	101.8	113.3	138.3
Gross Profit						240.1	258.8	322.9	372.7	434.6
Selling General & Admin Expenses, Total						75	75.1	91.3	106.3	125.5
R&D Expenses						53.5	54.1	62.6	70.4	84.1
Amortization of Goodwill and Intangible Assets						55.5	55.9	59.1	60.2	60.5
Other Operating Expenses	—		—	—	—	—	—	—	—	—
Other Operating Expenses, Total						184	185	213	236.8	270.1
Operating Income						56.1	73.7	109.9	135.9	164.5
Interest Expense, Total						-4.4	-1.2	-1.1	-1.2	-1.4
Interest And Investment Income						0.2	0.2	0.3	4.5	9.7
Net Interest Expenses						-4.2	-1	-0.8	3.3	8.3
EBT, Excl. Unusual Items						51.8	72.7	109	139.2	172.8
Restructuring Charges						—	-2.3	-0.1	-0.1	-1.6
Merger & Related Restructuring Charges						-3.5	-1.7	-1.3	-2.6	-3.7
Other Unusual Items		—	—	—		-0.3	1.7	-5.1	-2.8	-16.3
EBT, Incl. Unusual Items						48	70.4	102.6	133.7	151.2
Income Tax Expense						11	18.3	16.3	31.5	35.2
Earnings From Continuing Operations						37	52.1	86.3	102.2	115.9
Net Income						37	52.1	86.3	102.2	115.9
Net Income to Common Incl Extra Items						37	52.1	86.3	102.2	115.9
Net Income to Common Excl. Extra Items						37	52.1	86.3	102.2	115.9
Total Shares Outstanding						84.2	84.5	84.8	84.8	85.2
Weighted Avg. Shares Outstanding						81.7	84.4	84.6	84.8	85.1
Weighted Avg. Shares Outstanding Dil						82.9	85.8	86.2	86.5	86.8
EPS						0.5	0.6	1	1.2	1.4
EPS Diluted						0.5	0.6	1	1.2	1.3
EBITDA						117.6	135.4	174.1	201.3	230.5
Effective Tax Rate						23%	26%	15.9%	23.5%	23.3%