SPS Commerce (SPSC) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 Revenue Guidance Above Consensus, Provides 1Q & FY21 EPS Outlook

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SPS Commerce Reports Fourth Quarter and Full Year 2020 Financial Results

February 11, 2021 4:07 PM EST

MINNEAPOLIS, Feb. 11, 2021 (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, 2020.

Revenue was $83.3 million in the fourth quarter of 2020, compared to $72.7 million in the fourth quarter of 2019, reflecting 15% growth in revenue from the fourth quarter of 2019. Recurring revenue grew 15% from the fourth quarter of 2019.

Net income in the fourth quarter of 2020 was $13.5 million or $0.37 per diluted share, compared to net income of $9.2 million or $0.25 per diluted share, in the fourth quarter of 2019. Non-GAAP net... More