December 2, 2009 / 12:04 PM / 9 years ago

UPDATE 1-Descartes Systems Q3 adj profit beats estimates

* Revenue up 11 pct

Dec 2 (Reuters) - Canada’s Descartes Systems Group Inc (DSG.TO) (DSGX.O), which provides logistics management software and services, posted a third-quarter adjusted profit that beat estimates by a penny, helped by an increase in its services revenue.

The company reported a net income of $1 million, or 2 cents a share, compared with a net income of $2.3 million, or 4 cents a share, reported a year ago.

Excluding special items, the company posted earnings of 9 cents a share.

Revenue rose 11 percent to $18.9 million, helped by a 15 percent increase in its services revenue. Analysts had expected earnings of 8 cents a share, before items, on revenue of $18.5 million, according to Thomson Reuters I/B/E/S.

Shares of the Waterloo, Ontario-based company closed at C$5.59 Tuesday on the Toronto Stock Exchange. (Reporting by Amit Kumar in Bangalore; Editing by Aradhana Aravindan) ((amit.kumar.edit@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 4135 5800; Reuters Messaging: amit.kumar.edit@thomsonreuters.com@reuters.net))

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