The Descartes Systems Group Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $203.8M | $185.0M | $170.9M | $151.3M | $126.9M | $114.0M | $99.2M | $73.8M |
| Cost of Revenue | $56.1M | $53.9M | $54.9M | $49.0M | $42.4M | $38.3M | $33.9M | $23.0M |
| Gross Profit | $147.7M | $131.1M | $116.0M | $102.3M | $84.5M | $75.7M | $65.3M | $50.8M |
| Gross Margin | 72.5% | 70.9% | 67.9% | 67.6% | 66.6% | 66.4% | 65.8% | 68.8% |
| Operating Expenses | ||||||||
| Research & Development | $35.6M | $31.3M | $28.1M | $25.9M | $21.3M | $19.0M | $17.0M | $14.4M |
| SG&A Expense | $23.1M | $21.6M | $20.3M | $20.5M | $15.7M | $14.3M | $13.6M | $10.7M |
| Operating Income | $30.7M | $28.1M | $22.6M | $14.7M | $17.2M | $15.2M | $7.7M | $6.4M |
| Operating Margin | 15.1% | 15.2% | 13.2% | 9.7% | 13.6% | 13.4% | 7.8% | 8.7% |
| Interest Expense | $611.0K | $522.0K | $1.1M | $993.0K | $45.0K | $9.0K | $14.0K | — |
| Pretax Income | $31.5M | $27.8M | $21.8M | $13.7M | $17.2M | $15.4M | $7.9M | $6.7M |
| Income Tax Expense | $7.7M | $7.2M | $6.8M | $4.1M | $1.2M | $3.4M | $-3.6M | $-7.6M |
| Net Income | $23.8M | $20.6M | $15.1M | $9.6M | $16.0M | $12.0M | $11.5M | $14.4M |
| Net Margin | 11.7% | 11.1% | 8.8% | 6.4% | 12.6% | 10.6% | 11.6% | 19.5% |
| EPS (Basic) | $0.31 | $0.27 | $0.21 | $0.15 | $0.26 | $0.19 | $0.19 | $0.26 |
| EPS (Diluted) | $0.31 | $0.27 | $0.21 | $0.15 | $0.25 | $0.19 | $0.18 | $0.25 |
| Shares Outstanding (Basic) | 75.8M | 75.6M | 70.6M | 62.8M | 62.6M | 62.2M | 61.5M | 55.4M |
| Shares Outstanding (Diluted) | 76.5M | 76.4M | 71.6M | 64.4M | 63.9M | 63.4M | 62.9M | 56.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |