SPS Commerce (SPSC) Tops Q4 EPS by 2c

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Go back to SPS Commerce (SPSC) Tops Q4 EPS by 2c

SPS Commerce Reports Fourth Quarter and Full Year 2016 Financial Results

February 7, 2017 4:06 PM EST

MINNEAPOLIS, Feb. 07, 2017 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the fourth quarter and full year ended December 31, 2016.

Revenue was $51.1 million in the fourth quarter of 2016, compared to $42.3 million in the fourth quarter of 2015, reflecting 21% growth in revenue from the fourth quarter of 2015. Recurring revenue grew 22% from the fourth quarter of 2015.

Net income in the fourth quarter of 2016 was $1.8 million or $0.10 per diluted share, compared to net income of $2.1 million or $0.12 per diluted share, in the... More