SPS Commerce (SPSC) Tops Q4 EPS by 5c; Offers Q1 EPS/Revenue Guidance
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SPS Commerce Reports Fourth Quarter and Full Year 2019 Financial Results
February 13, 2020 4:11 PM ESTCompany delivers 76th consecutive quarter of topline growth, with 14% growth in recurring revenue over 2018
MINNEAPOLIS, Feb. 13, 2020 (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, 2019.
Revenue was $72.7 million in the fourth quarter of 2019, compared to $65.2 million in the fourth quarter of 2018, reflecting 12% growth in revenue from the fourth quarter of 2018. Recurring revenue grew 13% from the fourth quarter of 2018.Â
Net income in the fourth quarter of 2019 was $9.2 million or... More
