SPS Commerce (SPSC) Tops Q1 EPS by 8c

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Go back to SPS Commerce (SPSC) Tops Q1 EPS by 8c

SPS Commerce Reports First Quarter 2018 Financial Results

April 26, 2018 4:10 PM EDT

MINNEAPOLIS, April 26, 2018 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2018.

Revenue was $59.1 million in the first quarter of 2018, compared to $51.9 million in the first quarter of 2017, reflecting 14% growth in revenue from the first quarter of 2017. Recurring revenue grew 14% from the first quarter of 2017.  Current and prior period financial results reflect the adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606).

Net income in the first quarter of 2018 was $3.3 million or $0.19 per... More