SPS Commerce (SPSC) Tops Q4 EPS by 4c

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Go back to SPS Commerce (SPSC) Tops Q4 EPS by 4c

SPS Commerce Reports Fourth Quarter and Full Year 2021 Financial Results

February 9, 2022 4:07 PM EST

MINNEAPOLIS, Feb. 09, 2022 (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, 2021.

Revenue was $102.8 million in the fourth quarter of 2021, compared to $83.3 million in the fourth quarter of 2020, reflecting 23% growth in revenue from the fourth quarter of 2020. Recurring revenue grew 21% from the fourth quarter of 2020.

Net income in the fourth quarter of 2021 was $12.8 million or $0.34 per diluted share, compared to net income of $13.5 million or $0.37 per diluted share, in the fourth quarter of 2020.... More