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 reports developments for a cloud-based retail supply chain network that connects retailers, grocers, distributors, suppliers, manufacturers and logistics firms through the SPS Commerce platform. Its news commonly covers quarterly results, recurring subscription revenue, operating leverage, share repurchases and cross-selling activity within its Supply Chain Management Solutions business.
Company updates also address product innovation for supply chain collaboration, including AI-enabled Fulfillment capabilities, Billable Overages and MAX, a set of AI capabilities embedded in existing supply chain workflows. Governance-related announcements include board refreshment, committee assignments and cooperation agreements tied to shareholder engagement.
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.
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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.