SPS Commerce (SPSC) Tops Q1 EPS by 8c

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Go back to SPS Commerce (SPSC) Tops Q1 EPS by 8c

SPS Commerce Reports First Quarter 2022 Financial Results

April 28, 2022 4:07 PM EDT

MINNEAPOLIS, April 28, 2022 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2022.

Revenue was $105.2 million in the first quarter of 2022, compared to $90.1 million in the first quarter of 2021, reflecting 17% growth in revenue from the first quarter of 2021. Recurring revenue grew 18% from the first quarter of 2021.

Net income in the first quarter of 2022 was $12.6 million or $0.34 per diluted share, compared to net income of $10.2 million or $0.28 per diluted share, in the first quarter of 2021. Non-GAAP net... More