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) announced that its management will present at William Blair's 42nd Annual Growth Stock Conference in Chicago on June 6, 2022, at 4:00 PM C.T. A webcast will be available on the company’s investor relations website. SPS Commerce is a leading retail network, connecting over 105,000 companies globally to enhance supply chain operations. The company has experienced 85 consecutive quarters of revenue growth and is headquartered in Minneapolis.
SPS Commerce (SPSC) reported financial results for Q1 2022, showcasing its 85th consecutive quarter of topline growth. Revenue rose by 17% year-over-year to $105.2 million, with recurring revenue up 18%. Net income increased to $12.6 million or $0.34 per diluted share, compared to $10.2 million or $0.28 previously. Non-GAAP earnings per share improved to $0.55. The company expects Q2 revenue between $108.3 million and $109.3 million, and full-year revenue guidance of $443.4 million to $445.9 million, reflecting 15% to 16% growth.
SPS Commerce (NASDAQ: SPSC) will release its first-quarter financial results for the period ending March 31, 2022, on April 28, 2022, after market close. A conference call to discuss these results will be held at 3:30 p.m. CT (4:30 p.m. ET) the same day. Investors can join the call by dialing (877) 312-7508 or (253) 237-1184 for international access, using Conference ID # 8561377. A live webcast and replay will also be available at SPS Commerce Investor Relations. The company boasts 84 consecutive quarters of revenue growth, serving over 105,000 retail partners worldwide.
SPS Commerce announced the availability of its Fulfillment solution on the Oracle Cloud Marketplace, enhancing supply chain order fulfillment for omnichannel retailers. This integration supports over 300 Oracle application customers, facilitating automation in order management across various sales channels, including e-commerce and wholesale.
The solution enables businesses to comply with complex order models, improving efficiency by reducing manual processes.
On February 28, 2022, SPS Commerce (NASDAQ: SPSC) announced its participation in the JMP Securities Technology Conference scheduled for March 7, 2022, at 10:00 AM P.T. Management will present insights into the company’s operations and growth strategies.
A webcast of the presentation will be accessible via the company's investor relations website. SPS Commerce, a leader in retail cloud services, has supported over 105,000 companies globally, achieving 84 consecutive quarters of revenue growth.
SPS Commerce reported robust financial results for Q4 and full year 2021, achieving 84 consecutive quarters of topline growth. Q4 revenue reached $102.8 million, a 23% increase from Q4 2020. Recurring revenue also grew 21%. Full year revenue stood at $385.3 million, reflecting 23% growth. Net income for Q4 was $12.8 million or $0.34 per diluted share, down from $13.5 million in Q4 2020. Guidance for Q1 2022 forecasts revenue between $103.8 million and $104.8 million, with full year revenue projected at $442.5 million to $445.5 million.
SPS Commerce, Inc. (NASDAQ: SPSC) will announce its financial results for Q4 and full year ended December 31, 2021, on February 9, 2022, after market close. A conference call is scheduled for 3:30 p.m. CT on the same day, accessible via phone or live webcast. SPS Commerce, a leader in retail cloud services, boasts 83 consecutive quarters of revenue growth, serving over 95,000 companies globally in retail and e-commerce.
SPS Commerce (NASDAQ: SPSC) will present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 12:30 PM E.T. The event will be accessible via a webcast on the company’s investor relations website. As a leader in retail cloud services, SPS Commerce connects over 95,000 trading partners globally, delivering optimized supply chain operations. The company has achieved 83 consecutive quarters of revenue growth and continues to enhance its innovative cloud technology and customer support.
SPS Commerce, a leader in retail cloud services, will present at the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 12:45 PM M.T. The event will be accessible via a webcast on the company's investor relations website. With over 95,000 clients in retail, distribution, grocery, and e-commerce, SPS Commerce continues to achieve success with 83 consecutive quarters of revenue growth. The company is headquartered in Minneapolis and focuses on optimizing supply chain operations through innovative cloud technology.
SPS Commerce Acquires Genius Central
MINNEAPOLIS, Nov. 3, 2021 - SPS Commerce (NASDAQ: SPSC) has announced the acquisition of Genius Central for approximately $17 million in cash. This merger aims to enhance SPS’ capabilities in the food retail and health industries. Expected revenues from Genius Central are around $450,000 for Q4 2021 and $3 million for fiscal year 2022. The deal is projected to contribute $1 million to Adjusted EBITDA in 2023 and beyond, supporting SPS' growth strategy.
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