These two Canadian tech stocks are standing out in the sector

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Quarter,Descartes,Share

They’ve posted good gains thus far in 2024 and may be set for a further increase

You can’t always believe everything you see. For example, sub-indexes usually offer an accurate assessment of what’s happening in a specific sector of the economy. But not always.

Net income was US$34.7-million , up 18 per cent from US$29.4-million last year. Net income as a percentage of revenues was 23 per cent, compared to 22 per cent a year ago. On March 28, Descartes acquired OCR Services, Inc., a leading provider of global trade compliance solutions and content. The purchase price was approximately $82.8-million, which was funded from cash on hand.

Based in Windsor, England, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery.

 

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