SPS Commerce (SPSC) Tops Q4 EPS by 6c; Issues FY16 Outlook

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SPS Commerce Reports Fourth Quarter and Full Year 2015 Financial Results

February 3, 2016 4:05 PM EST

MINNEAPOLIS, Feb. 03, 2016 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leading provider of cloud-based supply chain management solutions, today announced financial results for the fourth quarter and full year quarter ended December 31, 2015.

Revenue was $42.3 million in the fourth quarter of 2015, compared to $35.4 million in the fourth quarter of 2014, reflecting 20% growth in revenue from the fourth quarter of 2014. Recurring revenue grew over 20% from the fourth quarter of 2014.

Net income in the fourth quarter of 2015 was $2.1 million or $0.12 per diluted share, compared to net income of $854,000, or $0.05 per diluted share, in the fourth... More