SPS Commerce (SPSC) PT Raised to $82 at Needham & Company

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Go back to SPS Commerce (SPSC) PT Raised to $82 at Needham & Company

SPS Commerce Reports Second Quarter 2018 Financial Results

July 26, 2018 4:10 PM EDT

MINNEAPOLIS, July 26, 2018 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced financial results for the second quarter ended June 30, 2018.

Revenue was $61.1 million in the second quarter of 2018, compared to $54.1 million in the second quarter of 2017, reflecting 13% growth in revenue from the second quarter 2017. Recurring revenue grew 13% from the second 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 second quarter of 2018 was $5.4 million or $0.31 per diluted... More