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 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.
SPS Commerce, a leader in retail cloud services, will release its Q3 2022 financial results on October 27, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss these results. Interested parties can join the call by dialing 1-866-652-5200 or access a live webcast at investors.spscommerce.com. SPS Commerce has achieved 86 consecutive quarters of revenue growth, serving over 105,000 companies globally.
SPS Commerce, Inc. (NASDAQ: SPSC) has acquired InterTrade Systems Inc. for approximately $49 million in cash, enhancing its leadership in the retail cloud services sector. This acquisition is expected to add about $1.7 million in revenue for Q4 2022 and $8.5 million in 2023, while impacting Adjusted EBITDA by $200,000 in Q4 2022. The integration will expand SPS Commerce's network to include thousands of businesses and over 105,000 trading partners globally.
SPS Commerce reported its second quarter 2022 results, marking the 86th consecutive quarter of revenue growth. Revenue reached $109.2 million, up 15% year-over-year, while recurring revenue grew 16%. Net income increased to $10.8 million or $0.29 per diluted share. The company announced a new $50 million share repurchase program effective August 26, 2022. For the third quarter, revenue guidance is set between $113.4 million to $114.4 million with net income per share expected between $0.29 to $0.31.
SPS Commerce announces the acquisition of GCommerce for approximately $45 million in cash, strengthening its position in the automotive aftermarket sector. The acquisition is expected to add about $1 million in revenue in Q3 2022 and $2.5 million for the fiscal year, while negatively impacting Adjusted EBITDA by $300,000. For 2023, revenue contribution is anticipated to be around $7 million and Adjusted EBITDA about $2.5 million. This acquisition enhances market access with a trading community of over 105,000 partners globally.
SPS Commerce, a leader in retail cloud services, will release its Q2 2022 financial results after market close on July 27, 2022. The company will host a conference call at 3:30 PM CT (4:30 PM ET) on the same day to discuss the results. Participants can pre-register for the call and access a live webcast afterwards. SPS Commerce supports over 105,000 retail partners globally, boasting 85 consecutive quarters of revenue growth, highlighting its strong position in optimizing supply chain operations.
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