Welcome to our dedicated page for SPS Commerce news (Ticker: SPSC), a resource for investors and traders seeking the latest updates and insights on SPS Commerce stock.
SPS Commerce, Inc. (Nasdaq: SPSC) is a prominent leader in cloud-based supply chain management solutions. Headquartered in Minneapolis, SPS Commerce perfects the power of trading partner relationships through its industry-leading retail cloud services platform. The company provides proven integrations and comprehensive retail performance analytics, serving thousands of customers worldwide, from retailers and grocers to distributors, suppliers, and logistics firms.
SPS Commerce's core offerings include Fulfillment, Analytics, Assortment, and Community, along with professional services, testing, and certification. These solutions collectively enhance supply chain performance, optimize inventory levels, improve order visibility, and reduce operational costs, while ensuring a seamless omnichannel experience for consumers.
With a track record of 93 consecutive quarters of revenue growth, SPS Commerce is not only a robust and reliable partner but also a significant player in the retail supply chain landscape. Recent achievements include the pending acquisition of TIE Kinetix, furthering their market reach and capabilities. Financial highlights for the second quarter of 2023 underscored ongoing investments across the retail industry, presenting tremendous opportunities for SPS to expand its competitive edge.
SPS Commerce is the world's largest retail network, connecting over 120,000 companies across retail, grocery, distribution, supply, and logistics sectors. This extensive network supports data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible expertise, enabling customers to focus on their core business operations while benefiting from optimized supply chain efficiency.
For more information, please contact SPS Commerce at 866-245-8100 or visit www.spscommerce.com.
SPS Commerce (NASDAQ: SPSC) has been named to Forbes' America's Best Companies 2024 list, showcasing its excellence in retail supply chain cloud services. The selection process evaluated over 60 metrics across 11 categories, including employee and customer sentiment, financial strength, DEI, and sustainability. SPS Commerce was one of 300 companies nationwide to receive this recognition.
The company connects more than 120,000 retail trading partners globally, providing solutions for supply chain resilience and omnichannel dynamics. This recognition follows their previous inclusion in Forbes' List of Most Successful Mid-Cap Companies in 2024, reinforcing their position as a trusted partner for retailers, suppliers, logistics providers, and distributors worldwide.
SPS Commerce (NASDAQ: SPSC) reported strong Q3 2024 financial results, marking its 95th consecutive quarter of revenue growth. Revenue reached $163.7 million, up 21% year-over-year, with recurring revenue also growing 21%. Net income increased to $23.5 million ($0.62 per diluted share), compared to $16.8 million ($0.45 per share) in Q3 2023. Adjusted EBITDA grew 19% to $48.4 million. The company provided Q4 2024 guidance projecting revenue between $168.5-169.5 million and full-year 2024 revenue guidance of $635.4-636.4 million, representing 18-19% growth.
SPS Commerce (NASDAQ: SPSC) has announced it will release its third quarter 2024 financial results on Thursday, October 24, 2024, after market close. The company will host a conference call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.
To participate in the call, dial 1-833-816-1382 (U.S.) or 1-412-317-0475 (outside U.S.) at least 15 minutes before the start time. A live webcast and replay will be available on the company's investor relations website. SPS Commerce, a leader in retail supply chain cloud services, has achieved 94 consecutive quarters of revenue growth and serves over 120,000 companies in retail, grocery, distribution, supply, and logistics industries.
SPS Commerce (NASDAQ: SPSC), a leader in retail supply chain cloud services, announced its participation in Citi's 2024 Global TMT Conference on September 5, 2024, at 1:20 PM E.T. The presentation will be available via webcast on the company's investor relations website.
SPS Commerce is the world's leading retail network, connecting trading partners globally to optimize supply chain operations. The company supports data-driven partnerships with cloud technology, customer service, and expert support. Over 120,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network. Notably, SPS has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis.
SPS Commerce (NASDAQ: SPSC) has acquired SupplyPike, an automated invoice deduction management and prevention solution, for approximately $119 million in cash and $87 million in SPS Commerce stock. This acquisition expands SPS Commerce's product portfolio, offering suppliers a way to improve their ability to meet retail customers' expectations through automated process monitoring, education, and dispute resolution capabilities.
For Q3 2024, SPS Commerce anticipates the acquisition will add about $3.0 million in revenue but negatively impact Adjusted EBITDA by approximately $750,000. For fiscal year 2024, it's expected to add $8.0 million in revenue with a negative $1.5 million impact on Adjusted EBITDA. In fiscal year 2025, the company projects $25.0 million in additional revenue and breakeven in Adjusted EBITDA.
SPS Commerce (NASDAQ: SPSC) reported strong Q2 2024 financial results, marking its 94th consecutive quarter of topline growth. Key highlights include:
- Revenue increased 18% year-over-year to $153.6 million
- Recurring revenue grew 18% from Q2 2023
- Net income rose to $18.0 million or $0.48 per diluted share
- Non-GAAP income per diluted share was $0.80
- Adjusted EBITDA increased 16% to $44.2 million
The company announced a new $100 million share repurchase program effective August 23, 2024. SPS Commerce also provided guidance for Q3 2024 and the full fiscal year 2024, projecting continued growth in revenue and earnings.
SPS Commerce (NASDAQ: SPSC) reported strong Q2 2024 financial results, marking its 94th consecutive quarter of topline growth. Key highlights include:
- Revenue increased 18% year-over-year to $153.6 million
- Recurring revenue grew 18% from Q2 2023
- Net income rose to $18.0 million or $0.48 per diluted share
- Non-GAAP income per diluted share was $0.80
- Adjusted EBITDA increased 16% to $44.2 million
The company announced a new $100 million share repurchase program effective August 23, 2024. SPS Commerce also provided guidance for Q3 2024 and raised its full-year 2024 outlook, projecting 16-17% revenue growth.
SPS Commerce (NASDAQ: SPSC) announced plans to release its Q2 2024 financial results on July 25, 2024, after market close. The company will discuss these results in a conference call at 3:30 p.m. CT on the same day. Participants can dial 1-833-816-1382 or 1-412-317-0475 (outside the U.S.) and ask to join the SPS Commerce Q2 2024 conference call. A live webcast and replay of the call will be available at the company's investor relations website. SPS Commerce, headquartered in Minneapolis, is a leader in retail supply chain cloud services, supporting over 120,000 companies globally. The company boasts 93 consecutive quarters of revenue growth.
SPS Commerce, a leader in retail supply chain cloud services, will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024, at 1:20 PM C.T. A webcast of the presentation will be available at the company's investor relations website.
SPS Commerce connects trading partners around the globe to optimize supply chain operations for retail partners. Over 120,000 companies in retail, grocery, distribution, supply, and logistics use their services.
Headquartered in Minneapolis, SPS Commerce has achieved 93 consecutive quarters of revenue growth. For more information, visit www.spscommerce.com or contact their investor relations team.
SPS Commerce, Inc. announced the acquisition of Traverse Systems, a SaaS platform, for $25 million in cash and $4.3 million in stock. The acquisition aims to enhance supply chain performance and optimization for retailers and suppliers. Traverse Systems provides solutions for scorecarding, vendor performance management, and improving collaboration between trading partners. The company expects revenue increases of $600,000 for Q2 2024, $2.9 million for FY 2024, and $5 million for FY 2025. Adjusted EBITDA is expected to be negatively impacted by $200,000 for Q2 2024 and breakeven for FY 2024, with $1.5 million for FY 2025. The acquisition details will be further disclosed during the Q2 2024 earnings release in July 2024.
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