SPS Commerce (SPSC) Tops Q1 EPS by 6c

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Go back to SPS Commerce (SPSC) Tops Q1 EPS by 6c

SPS Commerce Reports First Quarter 2017 Financial Results

April 27, 2017 4:06 PM EDT

MINNEAPOLIS, April 27, 2017 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2017.

Revenue was $51.9 million in the first quarter of 2017, compared to $45.6 million in the first quarter of 2016, reflecting 14% growth in revenue from the first quarter of 2016. Recurring revenue grew 15% from the first quarter of 2016.

Net income in the first quarter of 2017 was $3.0 million or $0.17 per diluted share, compared to net income of $1.0 million or $0.06 per diluted share, in the first quarter of... More