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 announced it will release its Q4 and full-year 2024 financial results on Monday, February 10, 2025, after market close. The company will host an earnings conference call at 3:30 p.m. CT (4:30 p.m. ET) on the same day.
SPS Commerce, the world's leading retail network, connects trading partners globally to optimize supply chain operations. The company serves over 120,000 companies across retail, grocery, distribution, supply, and logistics sectors. Notably, SPS Commerce has achieved 95 consecutive quarters of revenue growth and provides cloud technology and customer service to support data-driven partnerships.
SPS Commerce (NASDAQ: SPSC), a leading provider of retail cloud services, has announced its upcoming participation at the 27th Annual Needham Growth Conference. The company's management team is scheduled to present on Tuesday, January 14, 2025, at 10:15 AM E.T.
Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at http://investors.spscommerce.com/events.cfm.
SPS Commerce (NASDAQ: SPSC) announced that its SPS Commerce Fulfillment Connector for SAP S/4HANA is now available on SAP® Store. The solution integrates with SAP S/4HANA to enable seamless order-to-cash management for customers.
The connector streamlines integration through a pre-configured solution package deployable within the SAP Integration Suite on SAP Business Technology Platform (BTP). Key benefits include cloud scalability, easy configuration, order consolidation, time savings, single point of connection, and 24/7 full-service support.
The solution leverages SAP's Business Technology Platform via the Public Cloud Connector, helping businesses boost supply chain visibility, automate retail and e-commerce order processes, and scale support for organizations of any size.
SPS Commerce (NASDAQ: SPSC) has announced an agreement to acquire Carbon6 Technologies for approximately $210 million, with 40% of the payment in SPSC stock. Carbon6 provides software tools for Amazon sellers, including ChargeGuard for first-party sellers and Seller Investigators for third-party sellers, focusing on revenue recovery and invoice deduction management.
The acquisition is expected to contribute approximately $7.0 million in revenue in Q1 2025 and $40.0 million for fiscal year 2025, with an anticipated Adjusted EBITDA increase of $5.5 million. This move follows SPS Commerce's acquisition of SupplyPike, positioning the company as a leading provider in invoice deduction management and revenue recovery, particularly supporting suppliers of major retailers like Amazon and Walmart.
SPS Commerce (NASDAQ: SPSC) has announced its participation in the Nasdaq 51st Investor Conference scheduled for Tuesday, December 10, 2024, at 3:00 PM GMT. The presentation will be accessible via webcast on the company's investor relations website.
As the world's leading retail network, SPS Commerce connects trading partners globally to optimize supply chain operations. The company serves over 120,000 companies across retail, grocery, distribution, supply, and logistics sectors, providing cloud technology and customer service solutions. Notably, SPS Commerce has achieved 95 consecutive quarters of revenue growth and maintains its headquarters in Minneapolis.
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.
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