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Descartes Systems sees Q1 revenue $117.0M, consensus $127.6M

Guidance taken from Q4 investor presentation. The company states: "At February 14, 2023, using foreign exchange rates of $0.75 to CAD $1.00, $1.07 to EUR 1.00 and $1.21 to GBP 1.00, we estimated that our baseline revenues for the first quarter of 2024 are approximately $117.0 million and our baseline operating expenses are approximately $74.0 million. We consider this to be our baseline calibration of approximately $43.0 million for the first quarter of 2024, or approximately 37% of our baseline revenues as at February 14, 2023." Reference Link

Published first on TheFly

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