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 cloud-based retail supply chain software company that operates what it describes as the world’s leading retail network. Through this network, SPS Commerce connects retailers, grocers, distributors, suppliers, manufacturers and logistics providers to optimize supply chain operations and support data-driven partnerships. The SPSC news page on Stock Titan focuses on company announcements that illustrate how this network and its software capabilities are evolving.
Investors following SPSC news will see regular updates on financial results, including quarterly earnings releases where the company has highlighted dozens of consecutive quarters of revenue growth and discussed non-GAAP metrics such as Adjusted EBITDA and non-GAAP income per share. These releases often include commentary from management on demand for retail supply chain cloud services, the company’s addressable market and its subscription-based recurring revenue model.
News coverage also features product and platform developments. SPS Commerce has announced new capabilities such as AI-enabled enhancements to its Fulfillment product, PDF Order Automation, System Automation for SAP S/4HANA and Shopify, the SPS Commerce Relationship Center, the Manufacturing Suite, Performance Dashboard, Revenue Recovery and Billable Overages. These updates provide insight into how the company responds to trends like AI-powered supply chain orchestration, omnichannel retail operations and more adaptive commerce models.
In addition, SPSC news items include corporate events such as participation in investor conferences, Investor Day presentations, share repurchase program authorizations and changes in executive leadership or board composition, as disclosed in press releases and Form 8‑K filings. For investors and analysts, monitoring this news stream helps track how SPS Commerce manages growth, invests in its retail network and adjusts its capital allocation and governance over time. Bookmark this page to follow ongoing developments in SPSC’s retail supply chain cloud services business.
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.
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SPS Commerce (NASDAQ: SPSC) announced the appointment of Anne Sempowski Ward to its board of directors, bringing over 28 years of experience in retail and consumer goods. Currently the CEO of CURiO Brands, Ward has held executive positions at major companies like The Coca-Cola Company and Procter & Gamble. Her addition aims to enhance the company's strategy in the evolving retail landscape. SPS Commerce has achieved significant growth with 79 consecutive quarters of revenue increases and supports over 90,000 companies globally.
SPS Commerce (SPSC) reported its financial results for Q3 2020, marking the 79th consecutive quarter of topline growth. Revenue reached $79.6 million, up 12% year-over-year from $70.9 million in Q3 2019. Recurring revenue grew 13% compared to last year. Net income was $11.4 million ($0.31 per diluted share), an increase from $8.9 million ($0.25) in 2019. The company's guidance for Q4 expects revenue between $80.0-$80.5 million and full-year revenue of approximately $309.3-$309.8 million.
SPS Commerce, Inc. (NASDAQ: SPSC) will release its third-quarter financial results on October 28, 2020, after market close. The company will discuss the results during a conference call at 3:30 p.m. Central Time, accessible by dialing (877) 312-7508. As a leader in retail cloud services, SPS has experienced 78 consecutive quarters of revenue growth, serving over 90,000 clients globally across various sectors, including retail and e-commerce. For further details, visit their investor relations page.
SPS Commerce has launched a new automated order fulfillment service for Intuit QuickBooks, enhancing its EDI offerings. This solution is designed for omnichannel retail businesses, allowing suppliers to process orders automatically, which can lead to faster shipping times—often under an hour. The integration with Right Networks provides a seamless cloud-based environment for QuickBooks users, streamlining operations and improving efficiency. SPS Commerce has seen consistent revenue growth for 78 quarters, cementing its position in the retail networking space.
SPS Commerce reported a strong second quarter of 2020, with revenue of $75.6 million, reflecting a 10% year-over-year growth from $68.5 million in Q2 2019. Net income increased to $11.2 million or $0.31 per diluted share, up from $8.8 million or $0.24 in the prior year. The company also saw an 11% growth in recurring revenue. Adjusted EBITDA rose by 25% to $20.4 million. For Q3 2020, SPS expects revenue between $76.6 million and $77.1 million.
SPS Commerce (NASDAQ: SPSC) will release its second-quarter financial results after market close on July 30, 2020. A conference call to discuss the results is scheduled for 3:30 p.m. Central Time on the same day. Participants can join by dialing (877) 312-7508 in the U.S. or (253) 237-1184 internationally, using Conference ID # 3793818. SPS Commerce specializes in retail cloud services, connecting over 90,000 companies in retail, distribution, and e-commerce to enhance supply chain operations, with a remarkable achievement of 77 consecutive quarters of revenue growth.
SPS Commerce (NASDAQ: SPSC), a leader in retail cloud services, will present at the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 12:40 PM E.T. The event will be accessible via a webcast on the company's investor relations website. SPS Commerce connects trading partners worldwide to enhance supply chain operations, boasting over 90,000 customers across retail and e-commerce sectors. The company has achieved 77 consecutive quarters of revenue growth and is based in Minneapolis.