SPS Commerce (SPSC) Misses Q3 EPS by 14c

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Go back to SPS Commerce (SPSC) Misses Q3 EPS by 14c

SPS Commerce Reports Third Quarter 2014 Financial Results

October 23, 2014 4:05 PM EDT

MINNEAPOLIS, Oct. 23, 2014 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leading provider of cloud based supply chain management solutions, today announced financial results for the third quarter ended September 30, 2014.

Revenue in the third quarter of 2014 was $32.5 million, a 20% increase from the third quarter of 2013. Recurring revenue grew 22% from the third quarter of 2013.

Net income in the third quarter of 2014 was $838,000 or $0.05 per diluted share, compared to net income of $270,000, or $0.02 per diluted share, in the third quarter of 2013. Non-GAAP net income per diluted share was $0.17, compared to non-GAAP net income... More