Descartes Systems Group Inc. reported fiscal 2027 second-quarter revenue of $201.1 million, up 12% from a year earlier and 1% above consensus estimates. Services revenue increased 13% to $188.6 million, including approximately 9% organic growth excluding foreign-exchange effects. Diluted earnings per share rose to $0.57, while Adjusted EBITDA increased 18% to $94.4 million and its margin expanded 230 basis points to 46.9%. Operating cash flow rose 28% to about $81 million, and cash reached $401 million at July 31, 2026. Descartes had no debt and an undrawn $350 million credit line, but used approximately $220 million after quarter-end to acquire TAI, a transportation-management software provider for freight brokers, and Extensiv, a warehouse-management and fulfillment technology company. The company plans to continue funding acquisitions with cash and said it would accept leverage of up to three times annual EBITDA for a larger transaction. Descartes also repurchased 651,800 shares for $45.1 million during the first half of fiscal 2027.