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Update: Descartes Systems Shares Rise After Fiscal Q2 Beat

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(Updates with the latest stock price movement in the headline and the first paragraph.)

Descartes Systems (DSGX) shares rose 6% on Friday, a day after the company reported better-than-expected fiscal Q2 results.

The company reported fiscal Q2 net income late Thursday of $0.57 per diluted share, up from $0.43 a year earlier.

Analysts polled by FactSet expected $0.55.

Revenue for the quarter ended July 31 was $201.1 million, up from $179.8 million a year earlier.

Analysts polled by FactSet $199.5 million.

Price: $75.74, Change: $+4.42, Percent Change: +6.20%

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