SPS Commerce (SPSC) Tops Q2 EPS by 4c

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SPS Commerce Reports Second Quarter 2017 Financial Results

July 27, 2017 4:06 PM EDT

MINNEAPOLIS, July 27, 2017 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced financial results for the second quarter ended June 30, 2017.  

Revenue was $54.3 million in the second quarter of 2017, compared to $47.4 million in the second quarter of 2016, reflecting 15% growth in revenue from the second quarter 2016. Recurring revenue grew 16% from the second quarter of 2016.

Net income in the second quarter of 2017 was $1.8 million or $0.11 per diluted share, compared to net income of $352,000, or $0.02 per diluted share, in the second quarter of 2016. Non-GAAP income per diluted share was $0.23,... More