The Globe and Mail reports in its Wednesday edition that Descartes is a buy. Guest columnist Gordon Pape explains that the Waterloo, Ont., software company offers products focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use its services to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes. The stock has performed well in 2024, with a year-to-date gain of 24 per cent. The shares are currently trading at $137.76, near the all-time high of $138.57. The company recently released first-quarter results for fiscal 2025, for the three months to April 30. Revenues were $151.3-million (U.S.), up 11 per cent from $136.6-million (U.S.) in the first quarter last year and up 2 per cent from $148.2-million (U.S.) in the previous quarter. Net income was $34.7-million (U.S.). Descartes made two acquisitions in the quarter. The company continues to increase revenue and profits at a double-digit rate. Despite the profits, Descartes does not pay a dividend.