Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Descartes Systems Group reported strong financial performance in the second quarter, achieving record revenues of $201.1 million, a 12% increase year-over-year, driven primarily by a 13% growth in services revenue, which accounted for 94% of total revenues.</li><li>Organic growth, excluding acquisitions and foreign exchange impacts, was estimated slightly above 9%.</li><li>Gross margin expanded to 78%, up from 77% a year ago, reflecting operating leverage from services revenue growth.</li></ul>

Descartes Systems Group reported strong financial performance in the second quarter, achieving record revenues of $201.1 million, a 12% increase year-over-year, driven primarily by a 13% growth in services revenue, which accounted for 94% of total revenues.Organic growth, excluding acquisitions and foreign exchange impacts, was estimated slightly above 9%.Gross margin expanded to 78%, up from 77% a year ago, reflecting operating leverage from services revenue growth.

Descartes Systems’ $400 Million Cash Position Adds Firepower For More M&A!

<ul><li>Descartes Systems has moved to deepen its transportation-management footprint with the acquisition of California-based Tai Software for approximately $100 million in cash.</li><li>Announced on August 24, 2026, the transaction adds an AI-powered freight-brokerage platform that coordinates quoting, carrier sourcing, load execution, billing, customer engagement, and shipment workflows across truckload, less-than-truckload, drayage, and cross-border movements.</li><li>The deal follows a strong first quarter of fiscal 2027 for Descartes, when revenue reached a record $193.6 million, services revenue rose 15% year over year, organic services growth exceeded 9%, and adjusted EBITDA margin reached 46%.</li></ul>

Descartes Systems has moved to deepen its transportation-management footprint with the acquisition of California-based Tai Software for approximately $100 million in cash.Announced on August 24, 2026, the transaction adds an AI-powered freight-brokerage platform that coordinates quoting, carrier sourcing, load execution, billing, customer engagement, and shipment workflows across truckload, less-than-truckload, drayage, and cross-border movements.The deal follows a strong first quarter of fiscal 2027 for Descartes, when revenue reached a record $193.6 million, services revenue rose 15% year over year, organic services growth exceeded 9%, and adjusted EBITDA margin reached 46%.

Descartes’ $100 Million Buyout Could Strengthen Its Freight Moat!

<ul><li>The Descartes Systems has followed a record Q1 fiscal 2027 with another targeted acquisition, buying Drivin for about $30 million in cash, with up to $5 million of additional consideration tied to revenue targets over the first two years after closing.</li><li>The move comes shortly after management highlighted strong demand across fleet performance management, routing, transportation management, Global Trade Intelligence, and AI-driven workflow automation.</li><li>Descartes reported Q1 revenue of $193.6 million, up 15% year-over-year, while adjusted EBITDA rose 20% to $89.8 million, producing a 46% margin.</li></ul>

The Descartes Systems has followed a record Q1 fiscal 2027 with another targeted acquisition, buying Drivin for about $30 million in cash, with up to $5 million of additional consideration tied to revenue targets over the first two years after closing.The move comes shortly after management highlighted strong demand across fleet performance management, routing, transportation management, Global Trade Intelligence, and AI-driven workflow automation.Descartes reported Q1 revenue of $193.6 million, up 15% year-over-year, while adjusted EBITDA rose 20% to $89.8 million, producing a 46% margin.

Descartes Takeover Move: Drivin Could Fuel AI Logistics!

<ul><li>Descartes Systems Group reported record financial results for the first quarter of fiscal 2027, demonstrating growth across key metrics including revenues, profits, cash flow, and operating margins.</li><li>The company achieved total revenues of $193.6 million, marking a 15% increase year-over-year, with services revenue contributing $180.5 million—representing 93% of total revenue and growing 15% compared to the prior year.</li><li>Organic growth in services revenue excluding acquisitions and foreign exchange impacts was estimated at just over 9%, slightly higher than the previous quarter.</li></ul>

Descartes Systems Group reported record financial results for the first quarter of fiscal 2027, demonstrating growth across key metrics including revenues, profits, cash flow, and operating margins.The company achieved total revenues of $193.6 million, marking a 15% increase year-over-year, with services revenue contributing $180.5 million—representing 93% of total revenue and growing 15% compared to the prior year.Organic growth in services revenue excluding acquisitions and foreign exchange impacts was estimated at just over 9%, slightly higher than the previous quarter.

Descartes’ $377 Million Cash War Chest: More Acquisitions Ahead?

<ul><li>Descartes has been busy reminding investors that it is not a sleepy logistics software vendor wearing a nice cardigan.</li><li>The company exited fiscal 2026 with record quarterly revenue of $192.8 million, adjusted EBITDA margins of 46%, $356 million in cash, no debt, and an appetite for tuck-in acquisitions.</li><li>Its latest move, the purchase of Idelic for $28 million upfront plus up to $12 million in earn-outs, fits neatly into that playbook.</li></ul>

Descartes has been busy reminding investors that it is not a sleepy logistics software vendor wearing a nice cardigan.The company exited fiscal 2026 with record quarterly revenue of $192.8 million, adjusted EBITDA margins of 46%, $356 million in cash, no debt, and an appetite for tuck-in acquisitions.Its latest move, the purchase of Idelic for $28 million upfront plus up to $12 million in earn-outs, fits neatly into that playbook.

Descartes Acquisition Playbook Strikes Again With Idelic Deal!

Canada

The Descartes Systems Group Inc. provides inter-enterprise software for the execution of supply-chain management, especially for delivery-intensive companies.  The Company's products allow users to share and process information via the Internet.  Descartes licenses software to customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Descartes Systems Grp (DSGX US)

Descartes Systems’ $400 Million Cash Position Adds Firepower For More M&A!

Descartes Systems Group reported strong financial performance in the second quarter, achieving record revenues of $201.1 million, a 12% increase...

Baptista Research

Descartes’ $100 Million Buyout Could Strengthen Its Freight Moat!

Descartes Systems has moved to deepen its transportation-management footprint with the acquisition of California-based Tai Software for...

Baptista Research

Descartes Takeover Move: Drivin Could Fuel AI Logistics!

The Descartes Systems has followed a record Q1 fiscal 2027 with another targeted acquisition, buying Drivin for about $30 million in cash, with up...

Baptista Research

Descartes’ $377 Million Cash War Chest: More Acquisitions Ahead?

Descartes Systems Group reported record financial results for the first quarter of fiscal 2027, demonstrating growth across key metrics including...

Baptista Research

Descartes Acquisition Playbook Strikes Again With Idelic Deal!

Descartes has been busy reminding investors that it is not a sleepy logistics software vendor wearing a nice cardigan. The company exited fiscal...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)