05:12 PM EST, 03/06/2024 (MT Newswires) -- Descartes Systems Group ( DSGX ) was down 6.1% in after-hours Nasdaq trading after it on Wednesday said its fourth-quarter profit rose 6.7% on higher sales.

The logistics-software company said it earned US$31.8 million, or US$0.37 per share, in the period, up from US$29.8 million, or US$0.34, in the year-prior quarter.

Revenue rose 18% to US$148.2-million from US$125.1 million.

"Global trade continues to be impacted by military conflicts, disruptions to major shipping routes and a growing list of sanctions from various governments around the world. Our Global Logistics Network is designed to help shippers, carriers and logistics services providers adapt their supply chains to efficiently manage the lifecycle of shipments in this increasingly dynamic landscape. As a result, our customers are trusting us with more of their business which puts us in a strong financial position to continue to invest in our business," chief executive Edward Ryan said in a release.

Descartes shares were last seen down US$5.32 to US$82.00 in after-hours trading. They closed up C$2.51 to C$117.90 on the Toronto Stock Exchange.