SPS Commerce Reports Second Quarter 2020 Financial Results

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Go back to SPS Commerce Reports Second Quarter 2020 Financial Results

SPS Commerce (SPSC) Tops Q2 EPS by 6c, Revenues Beat; Offers 3Q & FY20 Revenue Guidance Above Consensus

July 30, 2020 4:31 PM EDT

SPS Commerce (NASDAQ: SPSC) reported Q2 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $75.6 million versus the consensus estimate of $74.35 million.

The dynamics impacting the retail industry continued into the second quarter with both retailers and suppliers seeing the need for increased efficiency and automation across the supply chain, underscoring the critical nature of the service we provide, said Archie Black, President and CEO of SPS Commerce. The challenges we have endured this year have impacted our communities, our businesses and our lives. We would like to... More