SPS Commerce, Inc. (SPSC) Tops Q1 EPS by 1c; Guides In-Line

SPS Commerce, Inc. (NASDAQ: SPSC) reported Q1 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $28.9 million versus the consensus estimate of $28.67 million.

SPS Commerce, Inc. sees FY2014 EPS of $0.14-$0.15, versus the consensus of $0.15. SPS Commerce, Inc. sees FY2014 revenue of $30.3-30.8 million, versus the consensus of $30.8 million.

SPS Commerce, Inc. sees FY2014 EPS of $0.62-$0.64, versus the consensus of $0.63. SPS Commerce, Inc. sees FY2014 revenue of $125.5-126.5 million, versus the consensus of $126 million.

"We had a great start to the year," said Archie Black, President and CEO of SPS Commerce. "We sit at the forefront of the omnichannel evolution as retailers seek to deliver a seamless experience for consumers across multiple channels. This added complexity in the retail ecosystem requires greater collaboration between retailers and suppliers, creating a huge opportunity for SPS Commerce. Looking to the rest of the year, we are excited about our leadership position. We will remain focused on execution, while continuing to innovate around our platform and take advantage of our powerful network effect."

"We continue to execute across all areas of our business, highlighted by 23% recurring revenue growth," said Kim Nelson, Chief Financial Officer. "We have a large market opportunity in front of us and we'll continue to make investments in the business while also demonstrating incremental margin expansion."

For earnings history and earnings-related data on SPS Commerce, Inc. (SPSC) click here.

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