SPS Commerce (SPSC) Tops Q3 EPS by 6c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus, 4Q Revs. Outlook Above Consensus

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Go back to SPS Commerce (SPSC) Tops Q3 EPS by 6c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus, 4Q Revs. Outlook Above Consensus

SPS Commerce Reports Third Quarter 2020 Financial Results

October 28, 2020 4:09 PM EDT

Company delivers 79th consecutive quarter of topline growth, with 13% growth in recurring revenue over 2019

MINNEAPOLIS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the third quarter ended September 30, 2020.

Revenue was $79.6 million in the third quarter of 2020, compared to $70.9 million in the third quarter of 2019, reflecting 12% growth in revenue from the third quarter of 2019. Recurring revenue grew 13% from the third quarter of 2019.

Net income in the third quarter of 2020 was $11.4 million or $0.31 per... More