The Descartes Systems Group Inc (NASDAQ:DSGX) Q2 2021 Earnings Conference Call - Final Transcript

Sep 09, 2020 • 05:00 pm ET


The Descartes Systems Group Inc (NASDAQ:DSGX) Q2 2021 Earnings Conference Call - Final Transcript


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Welcome to The Descartes Quarterly Results Call. My name is Adrianne and I'll be your operator for today's call. [Operator Instructions] Later, we will conduct a question-and-answer session. [Operator Instructions]

I'll now turn the call over to Scott Pagan. Scott Pagan, you may begin.

Scott Pagan

Thanks and good afternoon, everyone. Joining me remotely on the call today are Ed Ryan, CEO; and Allan Brett, CFO. I trust that everyone has received a copy of our financial results press release that was issued earlier today. Portions of today's call, other than historical performance, include statements of forward-looking information within the meaning of applicable securities laws. These statements are made under the Safe Harbor provisions of those laws.

These forward-looking statements include statements related to our assessment of the current and future impact of the COVID-19 pandemic on our business and financial condition, Descartes' operating performance, financial results, and condition, Descartes' gross margins and any growth in those gross margins, cash flow and use of cash, business outlook, baseline revenues, baseline operating expenses, and baseline calibration, anticipated and potential revenue losses and gains, anticipated recognition and expensing of specific revenues and expenses, potential acquisitions and acquisition strategy, cost reduction, and integration initiatives, and other matters that may constitute forward-looking statements.

These forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of Descartes to differ materially from the anticipated results, performance, or achievements implied by such forward-looking statements. These factors are outlined in the press release and in the section entitled Certain Factors That May Affect Future Results in documents filed and furnished with the SEC, the OSC, and other securities commissions across Canada, including our management's discussion and analysis filed today.

We provide forward-looking statements solely for the purpose of providing information about management's current expectations and plans relating to the future. You're cautioned that such information may not be appropriate for other purposes. We don't undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions, assumptions, or circumstances on which any such statement is based, except as is required by law.

And with that, let me turn the call over to Ed.

Edward J. Ryan

Thanks, Scott and welcome everyone to the call. Last quarter, I mentioned how the call was unique for us since we were doing it with each of us remote from each other as opposed to being in one room. Well, we're doing it remotely again this quarter and it may end up being, the way we do it in the future. Hopefully, the call will proceed without technical challenges. However, please bear with us in the Q&A portion of the call as we may need to coordinate to provide answers. Similar to past calls, here is the roadmap for the rest of this call.

I'll start with some opening comments, primarily focused on what happened over the last