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Descartes Systems Group

12:03 PM EST - Descartes Systems Group : announced financial results for its fiscal 2012 first quarter (Q1FY12) ended April 30, 2011. All financial results referenced are in U.S. currency and, unless otherwise indicated, are determined in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Highlights include revenues of $27.1 million, up 27% from $21.3 million in the first quarter of fiscal 2011. Net income was $2.2 million, up from $200,000 in Q1FY11. Descartes Systems Group shares T.DSG are trading up $0.01 at $6.61.