Investor FAQs | Descartes

Investor FAQs

We have the answers to your questions about Descartes.

When was Descartes founded?
Descartes was founded in 1981.
How many employees does Descartes have?
Descartes currently has over 1,500 employees world wide. This number continues to grow as we expand further into the logistics market. For a full list of our current job openings visit our Careers page.
Where is Descartes corporate head office located?
Descartes’ headquarters are located at 120 Randall Drive, Waterloo, Ontario, N2V 1C6. See a list of Descartes' office locations worldwide.
What types of solutions does Descartes offer?
For detailed information on Descartes solution offerings, visit our Home Page and select the Solutions tab.
Where are Descartes shares traded?
Descartes’ shares are listed on the NASDAQ Stock Market (NASDAQ: DSGX) and the Toronto Stock Exchange (TSX: DSG).
When did Descartes begin trading on the stock exchanges?
Descartes began trading on the Toronto Stock Exchange in January 1998 and on the NASDAQ in June 1998.
What have been Descartes’ recent acquisition activities?

On February 2, 2018, acquired Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers.
On June 25, 2018, acquired US-based Velocity Mail, an electronic transportation network.
On August 22, 2018, acquired PinPoint, a provider of fleet tracking and mobile workforce solutions.
On January 28, 2019, acquired Visual Compliance, providing solutions for customs compliance processes.
On May 13, 2019, acquired Core Transport Technologies NZ Limited (CORE), a network for shipment scanning and tracking.
On June 27, 2019, acquired STEPcom, a B2B supply chain integration network.
On August 21, 2019, acquired BestTransport, a transportation management system provider.
On February 24, 2020, acquired Peoplevox, serving e-commerce customers.
On November 6, 2020, acquired Shiptrack, providing ecommerce final-mile solutions.
On March 3, 2021, acquired QuestaWeb, a provider of customs compliance solutions.
On May 10, 2021, acquired Portrix, a provider of multimodal rate management solutions.
On July 8, 2021, acquired Greenmile, a provider of mobile route execution solutions.
On February 10, 2022, acquired NetCHB, a customs filing solutions provider.
On April 21, 2022, acquired Foxtrot, providing machine learning-based route execution solutions.
On June 6, 2022, acquired XPS Technologies, a provider of multi-carrier parcel shipping solutions.
On January 6, 2023, acquired Supply Vision, for shipment management.
On February 14, 2023, acquired GroundCloud, providing final-mile solutions.
On April 20, 2023, acquired Localz, a customer engagement platform for deliveries.
On March 28, 2024, acquired OCR, a provider of global trade compliance solutions.
On April 22, 2024, acquired Aerospace Software Developments (ASD).
On June 11, 2024, acquired BoxTop Technologies Limited, for shipment management solutions.
On September 18, 2024, acquired MyCarrierPortal, a provider of carrier onboarding solutions.
On October 14, 2024, acquired Sellercloud, for omnichannel ecommerce solutions.
On March 25, 2025, acquired 3GTMS, a transportation management solutions provider.

Can I buy shares directly from Descartes?
Descartes does not sell shares directly. Please contact your broker to purchase shares.
When is Descartes’ Fiscal Year-end?
Descartes fiscal year commences on February 1st of each year and ends on January 31st of the following year.
How many Descartes’ shares are outstanding?
The number of shares outstanding can be found in the Descartes’ annual and quarterly reports. You can obtain a copy on the Descartes corporate website by accessing our Financial Information page.
As of Descartes’ last fiscal year-end, January 31, 2020, there were 84,156,316 common shares issued and outstanding.
What is Descartes’ official accounting currency?
Descartes reports its financial results in accordance with US Generally Accepted Accounting Principles (GAAP) and in US dollars.
Has Descartes split its stock?
No.
How does Descartes generate revenue?
Descartes’ revenues consist of services revenues and license revenues from ongoing transactional fees, professional services, and maintenance fees.
How does Descartes recognize revenue?
Details on revenue recognition policy can be viewed in the most recent copy of Descartes’ Annual Report.
Who are Descartes’ auditors?
KPMG LLP.
How can I obtain a copy of Descartes’ Annual and Quarterly Reports?
Contact Descartes Corporate Secretary at investor@descartes.com or phone at: (519) 746-6114 Ext: 202358. Download reports on the Financial Information page.
How can I obtain a copy of documents filed by Descartes with Canadian securities commissions and the Securities and Exchange Commission (SEC) in the U.S.?
Documents are available on the Securities and Exchange Commission (SEC) website and SEDAR for Canada.
Who is Descartes’ transfer agent and how can I reach them?
Computershare Investor Services Inc.
100 University Avenue, Toronto, Ontario M5J 2Y1
North America: (800) 663-9097
International: (416) 263-9200
How do I obtain or modify information regarding my shareholder account? How can I transfer ownership of my shares?
Contact Computershare Investor Services Inc. or Computershare Trust Company for assistance.
If my Descartes share certificate has been lost, stolen or destroyed, how do I arrange to replace it?
Contact Computershare Investor Services Inc. or Computershare Trust Company for replacement.