SPS Commerce (SPSC) Tops Q2 EPS by 3c; Guides FY16

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SPS Commerce Reports Second Quarter 2016 Financial Results

July 27, 2016 4:05 PM EDT

MINNEAPOLIS, July 27, 2016 (GLOBE NEWSWIRE) -- SPS Commerce (NASDAQ: SPSC), a leader in retail cloud services, today announced financial results for the second quarter ended June 30, 2016.

Revenue was $47.4 million in the second quarter of 2016, compared to $38.8 million in the second quarter of 2015, reflecting 22% growth in revenue from the second quarter 2015. Recurring revenue grew 23% from the second quarter of 2015.

Net income in the second quarter of 2016 was $352,000 or $0.02 per diluted share, compared to net income of $651,000, or $0.04 per diluted share, in the second quarter of 2015. Non-GAAP net income per diluted share was $0.23,... More