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Euro zone business activity expanded at its fastest pace in nearly 3-1/2 years in September, driven by strong demand. This growth occurred despite inflation worries stemming from the Middle East war, which also contributed to resurgent price pressures.
Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.