SPS Commerce, Inc. - SPSC STOCK NEWS

SPS Commerce has reported its 81st consecutive quarter of topline growth, achieving 21% revenue growth, totaling $90.1 million for Q1 2021, up from $74.2 million in Q1 2020. Recurring revenue increased by 18%. The company reported a net income of $10.2 million or $0.28 per diluted share, compared to $9.5 million or $0.26 in the prior year. Adjusted EBITDA rose 25% to $25.5 million. For Q2 2021, revenue guidance is set at $90.5 million to $91.5 million, with full-year revenue expected between $371.1 million and $373.6 million.

SPS Commerce (NASDAQ: SPSC) will release its first quarter financial results for the period ending March 31, 2021, after market close on April 29, 2021. A conference call discussing these results will take place at 3:30 p.m. CT on the same day, accessible via phone or live webcast. SPS Commerce has maintained a strong performance, boasting 80 consecutive quarters of revenue growth and serving over 95,000 retail and e-commerce partners globally. For more details, visit their investor relations page.

SPS Commerce (NASDAQ: SPSC) has launched enhancements to its Fulfillment solution, facilitating better management of wholesale and direct-to-consumer orders. Suppliers can now process orders from various e-commerce platforms, including Amazon and Shopify, in a single, integrated system. This new feature aims to reduce manual processes, improve visibility, and streamline order fulfillment, responding to the retail industry's shift towards e-commerce. The solution is available immediately, catering to the increasing demand for efficient supply chain processes.

SPS Commerce has announced the availability of its Fulfillment solution for SAP S/4HANA on the SAP Store. This integration enhances efficiency by automating business transactions and allowing connections with various trading partners. The solution supports multiple EDI documents like purchase orders and invoices, promoting streamlined processes and error reduction. Already in use by hundreds of businesses, this solution aims to improve supply chain visibility and scalability for companies of all sizes.

SPS Commerce (NASDAQ: SPSC) will present at the JMP Securities Technology Conference on March 1, 2021, at 2:00 PM E.T.. Investors can access a webcast of the presentation on the company's investor relations website.

Headquartered in Minneapolis, SPS Commerce is the leading retail network, serving over 95,000 companies globally. The company has demonstrated consistent performance, achieving 80 consecutive quarters of revenue growth by optimizing supply chain operations through innovative cloud technology.

SPS Commerce reported strong financial results for Q4 and full year 2020, achieving its 80th consecutive quarter of topline growth. Q4 revenue was $83.3 million, up 15% from Q4 2019. Net income for Q4 was $13.5 million, or $0.37 per diluted share, compared to $9.2 million in Q4 2019. The full year revenue reached $312.6 million, marking a 12% increase. Looking ahead, Q1 2021 revenue is projected between $86.8 million to $87.8 million, and full year 2021 revenue is anticipated to be $363.0 million to $366.0 million.

SPS Commerce, Inc. (NASDAQ: SPSC) will release its fourth-quarter and full-year financial results for 2020 on February 11, 2021, post-market close. A conference call to discuss these results is scheduled for 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can join the call by dialing (877) 312-7508 (U.S.) or (253) 237-1184 (international) with Conference ID #8957009. SPS Commerce has achieved 79 consecutive quarters of revenue growth and serves over 90,000 customers globally. More information is available on their investor website.

MINNEAPOLIS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- SPS Commerce (NASDAQ: SPSC), a leader in retail cloud services, will present at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 11:30 AM E.T. A webcast of the presentation will be available on the company’s investor relations website. SPS Commerce optimizes supply chain operations globally, supporting over 90,000 companies across retail, distribution, grocery, and e-commerce. The company has achieved 79 consecutive quarters of revenue growth. For more information, visit www.spscommerce.com.

SPS Commerce (NASDAQ: SPSC) announced the acquisition of Data Masons, enhancing its position in Fulfillment System Automation for Microsoft solutions. The deal is valued at approximately $100 million in cash. SPS expects the acquisition to contribute about $20 million in revenue and $3 million in adjusted EBITDA for fiscal 2021, with an anticipated $5 million contribution in fiscal 2022. This expansion allows Data Masons' customers access to a global network of over 90,000 trading partners in 80 countries.