SPS Commerce (SPSC) Tops Q1 EPS by 9c, Revenues Beat; Affirms FY19 EPS Guidance Above Consensus, 2Q EPS Mid-Point Guidance Above Consensus

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Go back to SPS Commerce (SPSC) Tops Q1 EPS by 9c, Revenues Beat; Affirms FY19 EPS Guidance Above Consensus, 2Q EPS Mid-Point Guidance Above Consensus

SPS Commerce Reports First Quarter 2019 Financial Results

April 25, 2019 4:11 PM EDT

MINNEAPOLIS, April 25, 2019 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2019.

Revenue was $66.9 million in the first quarter of 2019, compared to $59.1 million in the first quarter of 2018, reflecting 13% growth in revenue from the first quarter of 2018. Recurring revenue grew 14% from the first quarter of 2018. 

Net income in the first quarter of 2019 was $6.8 million or $0.38 per diluted share, compared to net income of $3.3 million or $0.19 per diluted share, in the first quarter of 2018. Non-GAAP income per diluted share... More