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 reported a robust financial performance for Q1 2023, marking the 89th consecutive quarter of topline growth. Revenue reached $125.9 million, a 20% increase from $105.2 million in Q1 2022. Recurring revenue also grew by 20%. Net income was $15.3 million or $0.41 per diluted share, up from $12.6 million or $0.34 in the previous year. Non-GAAP income per diluted share rose to $0.67 from $0.55. Adjusted EBITDA improved 16% to $37.0 million. Looking ahead, the company expects Q2 2023 revenue between $128.0 million and $128.8 million, with net income per diluted share projected to be in the range of $0.30 to $0.31.
SPS Commerce, a leader in retail cloud services, has announced the release of its financial results for Q1 2023 on April 26, 2023, after market close. The results will be discussed in a conference call at 3:30 p.m. CT (4:30 p.m. ET) the same day. Investors can access the call by dialing 1-833-816-1382 (or 1-412-317-0475 for international callers) at least 15 minutes prior to the start time. A live webcast will also be available on their investor relations website, along with a replay afterwards. SPS Commerce has demonstrated impressive performance, showcasing 88 consecutive quarters of revenue growth, a significant achievement indicating long-term stability and success in the retail technology sector.
Archie Black Transitioning to Executive Chair
On March 2, 2023, SPS Commerce (Nasdaq: SPSC) announced that CEO Archie Black will retire, transitioning to Executive Chair after a successor is appointed. The Board has initiated the search for a new CEO to ensure leadership continuity and maintain the company’s strategy. Under Black's leadership for 22 years, SPS has grown to serve over 115,000 customers and achieved 88 consecutive quarters of revenue growth. He will assist the new CEO with strategic initiatives in his new role. The company emphasizes its commitment to consistent execution within the retail network.
SPS Commerce, a leader in retail cloud services, has announced its participation in the JMP Securities Technology Conference on March 7, 2023, at 9:00 AM P.T. The presentation will be accessible via a webcast on the company’s investor relations website. SPS Commerce connects trading partners globally to enhance supply chain operations, utilizing innovative cloud technology and customer-focused service.
With over 115,000 clients in retail and logistics, SPS has sustained 88 consecutive quarters of revenue growth. The company is based in Minneapolis and continues to provide robust support for data-driven partnerships.
SPS Commerce reported its fourth quarter and fiscal year 2022 results, marking the 88th consecutive quarter of revenue growth. Fourth quarter revenue was $122.0 million, a 19% increase from Q4 2021, while recurring revenue rose 20%. Net income for the quarter grew to $15.9 million ($0.43 per diluted share), up 25% year-over-year.
For the full year, revenue reached $450.9 million, a 17% increase, with net income at $55.1 million ($1.49 per diluted share), reflecting 24% growth. The company expects Q1 2023 revenue between $123.3 million and $124.3 million, and 2023 revenue guidance between $523.0 million and $526.0 million, representing 16% to 17% growth.
SPS Commerce, Inc. (NASDAQ: SPSC) will release its financial results for Q4 and the year ended December 31, 2022, on February 9, 2023, after market close. A conference call to discuss these results will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can join the call by dialing 1-833-816-1382 or 1-412-317-0475 for international access. A live webcast will be available on the company's investor relations website, and a replay will also be provided thereafter. SPS Commerce specializes in retail cloud services, boasting over 105,000 companies in its network and achieving 87 consecutive quarters of revenue growth.
SPS Commerce, a leader in retail cloud services, announced its participation in the 25th Annual Needham Growth Conference on January 11, 2023, at 11:45 AM E.T. The event will be accessible via a webcast on the company’s investor relations website. SPS Commerce connects over 105,000 companies globally to enhance supply chain operations through innovative cloud technology. The company boasts an impressive record of 87 consecutive quarters of revenue growth, underscoring its strong position in the retail sector.
Graco Inc. (NYSE:GGG) has appointed Archie C. Black to its Board of Directors, effective February 20, 2023. Black brings over two decades of experience as CEO of SPS Commerce, where he transformed the company into a successful global entity. His expertise in leveraging technology for improved business processes is expected to contribute positively to Graco. Black will also serve on the Audit Committee and the Management Organization and Compensation Committee.
SPS Commerce, a leader in retail cloud services, reported its third-quarter financial results for 2022, showcasing a remarkable 17% revenue growth year-over-year, totaling $114.5 million. Recurring revenue increased by 18%, and net income rose to $15.9 million or $0.43 per diluted share. Non-GAAP income per share improved to $0.63. The company anticipates fourth-quarter revenue between $120.0 million and $121.0 million, projecting full-year revenue to reach $448.9 million to $449.9 million, marking a 17% growth over 2021.
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