Record Operating Performance Driven by 25% Increase in Year-Over-Year Revenues

• Record operating profit driven by Descartes’ continued focus on customer results
•  8 years of record operating results and 8 years of surpassing street expectations
• 35 consecutive quarters of profitability
•  More than 147,000 parties connected to the Logistics Technology Platform exchanging more than 4.5 billion messages each year
• Entering Q3FY14 with a strong balance sheet, a proven ability to execute and a landscape of consolidation opportunities

Q2FY14 Financial Highlights

• Revenues of $38.2 million, up 25% from $30.5 million in Q2FY13
• Services revenues of $35.5 million, up 21% from $29.3 million in Q2FY13
• Cash provided by operating activities of $11.2 million, up from $6.6 million in Q2FY13
• Adjusted EBITDA of $10.8 million, up 16% from $9.3 million in Q2FY13
• Adjusted EBITDA per share on a diluted basis of $0.17, up 13% from $0.15 in Q2FY13

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