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SPS Commerce, Inc. - SPSC STOCK NEWS

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.

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SPS Commerce, Inc. (NASDAQ: SPSC) reported its first quarter 2024 financial results, showcasing significant growth with revenue and recurring revenue both up by 19% year-over-year. The company achieved a net income of $18.0 million, representing an increase from the previous year. Adjusted EBITDA also saw a 20% rise to $44.4 million. Share repurchases amounted to $20 million during the quarter. SPS Commerce remains confident in its growth trajectory, emphasizing its strong network, go-to-market strategy, and customer relationships. The company's guidance for the second quarter and fiscal year 2024 indicates a positive outlook with expectations of continued growth in revenue and earnings.
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SPS Commerce, Inc. (NASDAQ: SPSC) will release its financial results for Q1 2024 on April 25, 2024. The company will host a call to discuss the results on the same day at 3:30 p.m. CT. Investors can access the call via phone or webcast.
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SPS Commerce, Inc. (NASDAQ: SPSC) acquires SAP B1 SPS Integration Technology from Vision33 to enhance its leadership in full-service Electronic Data Integration (EDI) with System Automation. The acquisition aims to provide customers with market-leading retail and system expertise, driving automation in workflows and business processes.
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SPS Commerce, Inc. (NASDAQ: SPSC) will present at the Morgan Stanley Conference on March 7, 2024, showcasing its retail cloud services leadership. The webcast will be accessible on the investor relations website.
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SPS Commerce, Inc. (Nasdaq: SPSC) announced its financial results for the fourth quarter and year ended December 31, 2023, with revenue and recurring revenue growing by 19% from the previous year. The company delivered its 92nd consecutive quarter of topline growth, with net income increasing by 19% year-over-year. Adjusted EBITDA for the fourth quarter of 2023 also saw a 20% increase compared to the same period in 2022. For the fiscal year 2023, SPS Commerce reported a 19% growth in revenue, with net income and adjusted EBITDA also increasing by 19% and 20% respectively. CEO Chad Collins highlighted the company's success in expanding its network and playing a key role in retailers' and suppliers' transformation to omnichannel retail, improving supply chain efficiencies, and enabling international expansion.
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SPS Commerce, Inc. (NASDAQ: SPSC) will release its financial results for Q4 and year ended December 31, 2023, on February 8, 2024. The company will host a call to discuss the results at 3:30 p.m. CT on the same day. A live webcast of the call will be available on the company's investor website.
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SPS Commerce, Inc. (SPSC) to Present at 26th Annual Needham Growth Conference on January 17, 2024
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SPS Commerce reports 18% revenue growth in Q3 2023
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SPS Commerce to Release Q3 2023 Financial Results
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SPS Commerce, Inc. (NASDAQ: SPSC) acquires The Order Exchange, enhancing their expertise in EDI system automation.
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FAQ

What is the current stock price of SPS Commerce (SPSC)?

The current stock price of SPS Commerce (SPSC) is $179.87 as of November 20, 2024.

What is the market cap of SPS Commerce (SPSC)?

The market cap of SPS Commerce (SPSC) is approximately 6.7B.

What services does SPS Commerce provide?

SPS Commerce offers cloud-based supply chain management solutions, including Fulfillment, Analytics, Assortment, Community, professional services, and testing and certification.

Where is SPS Commerce headquartered?

SPS Commerce is headquartered in Minneapolis, Minnesota.

How many customers does SPS Commerce serve?

SPS Commerce connects over 120,000 companies in retail, grocery, distribution, supply, and logistics sectors.

What is the significance of the TIE Kinetix acquisition?

The pending acquisition of TIE Kinetix is set to expand SPS Commerce's market reach and capabilities in the retail supply chain landscape.

How many consecutive quarters of revenue growth has SPS Commerce achieved?

SPS Commerce has achieved 93 consecutive quarters of revenue growth.

What are the main products offered by SPS Commerce?

The main products include Fulfillment, Analytics, Assortment, and Community.

How can I contact SPS Commerce for more information?

You can contact SPS Commerce at 866-245-8100 or visit their website at www.spscommerce.com.

What industries does SPS Commerce primarily serve?

SPS Commerce primarily serves retailers, grocers, distributors, suppliers, and logistics firms.

What is SPS Commerce's role in the retail supply chain?

SPS Commerce optimizes supply chain operations, improves order visibility, and reduces operational costs to ensure a seamless omnichannel experience for consumers.

What are the company's recent financial highlights?

Recent financial highlights include a strong performance for the second quarter of 2023 and ongoing investments presenting growth opportunities.

SPS Commerce, Inc.

Nasdaq:SPSC

SPSC Rankings

SPSC Stock Data

6.65B
37.29M
0.75%
100.08%
1.92%
Software - Application
Services-prepackaged Software
Link
United States of America
MINNEAPOLIS