SPS Commerce (SPSC) Tops Q4 EPS by 7c, Revenues Beat; Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Above Consensus, Offers FY19 EPS/Revenue Outlook

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Go back to SPS Commerce (SPSC) Tops Q4 EPS by 7c, Revenues Beat; Q1 EPS Guidance Above Consensus, Q1 Revenue Mid-Point Above Consensus, Offers FY19 EPS/Revenue Outlook

SPS Commerce Reports Fourth Quarter and Full Year 2018 Financial Results

February 12, 2019 4:10 PM EST

MINNEAPOLIS, Feb. 12, 2019 (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, 2018.

Revenue was $65.1 million in the fourth quarter of 2018, compared to $58.1 million in the fourth quarter of 2017, reflecting 12% growth in revenue from the fourth quarter of 2017. Recurring revenue grew 13% from the fourth 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 fourth quarter of 2018 was $7.1 million... More