SPS Commerce (SPSC) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus, Withdraws FY20 Views

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Go back to SPS Commerce (SPSC) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus, Withdraws FY20 Views

SPS Commerce Reports First Quarter 2020 Financial Results

April 30, 2020 4:08 PM EDT

Company delivers 77th consecutive quarter of topline growth, with 12% growth in recurring revenue over 2019

MINNEAPOLIS, April 30, 2020 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2020.

Revenue was $74.2 million in the first quarter of 2020, compared to $66.9 million in the first quarter of 2019, reflecting 11% growth in revenue from the first quarter of 2019. Recurring revenue grew 12% from the first quarter of 2019. 

Net income in the first quarter of 2020 was $9.5 million or $0.26 per diluted share,... More