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 (NASDAQ: SPSC) delivers cloud-based supply chain solutions that power retail ecosystems worldwide. This news hub provides investors and partners with essential updates on operational milestones, strategic initiatives, and market positioning.
Access real-time announcements including earnings reports, partnership developments, and product innovations. Our curated collection ensures you never miss critical updates about SPSC's network expansion, technology enhancements, or leadership changes.
Key coverage areas include cloud platform upgrades, retail analytics advancements, and supply chain integration partnerships. All content undergoes rigorous verification to maintain factual accuracy while avoiding speculative commentary.
Bookmark this page for streamlined access to official press releases and third-party analyses. For comprehensive understanding of SPSC's market role, combine these updates with our detailed company profile and financial reports.
SPS Commerce (NASDAQ: SPSC) announced that its SPS Commerce Fulfillment Connector for SAP S/4HANA is now available on SAP® Store. The solution integrates with SAP S/4HANA to enable seamless order-to-cash management for customers.
The connector streamlines integration through a pre-configured solution package deployable within the SAP Integration Suite on SAP Business Technology Platform (BTP). Key benefits include cloud scalability, easy configuration, order consolidation, time savings, single point of connection, and 24/7 full-service support.
The solution leverages SAP's Business Technology Platform via the Public Cloud Connector, helping businesses boost supply chain visibility, automate retail and e-commerce order processes, and scale support for organizations of any size.
SPS Commerce (NASDAQ: SPSC) has announced an agreement to acquire Carbon6 Technologies for approximately $210 million, with 40% of the payment in SPSC stock. Carbon6 provides software tools for Amazon sellers, including ChargeGuard for first-party sellers and Seller Investigators for third-party sellers, focusing on revenue recovery and invoice deduction management.
The acquisition is expected to contribute approximately $7.0 million in revenue in Q1 2025 and $40.0 million for fiscal year 2025, with an anticipated Adjusted EBITDA increase of $5.5 million. This move follows SPS Commerce's acquisition of SupplyPike, positioning the company as a leading provider in invoice deduction management and revenue recovery, particularly supporting suppliers of major retailers like Amazon and Walmart.
SPS Commerce (NASDAQ: SPSC) has announced its participation in the Nasdaq 51st Investor Conference scheduled for Tuesday, December 10, 2024, at 3:00 PM GMT. The presentation will be accessible via webcast on the company's investor relations website.
As the world's leading retail network, SPS Commerce connects trading partners globally to optimize supply chain operations. The company serves over 120,000 companies across retail, grocery, distribution, supply, and logistics sectors, providing cloud technology and customer service solutions. Notably, SPS Commerce has achieved 95 consecutive quarters of revenue growth and maintains its headquarters in Minneapolis.
SPS Commerce (NASDAQ: SPSC) has been named to Forbes' America's Best Companies 2024 list, showcasing its excellence in retail supply chain cloud services. The selection process evaluated over 60 metrics across 11 categories, including employee and customer sentiment, financial strength, DEI, and sustainability. SPS Commerce was one of 300 companies nationwide to receive this recognition.
The company connects more than 120,000 retail trading partners globally, providing solutions for supply chain resilience and omnichannel dynamics. This recognition follows their previous inclusion in Forbes' List of Most Successful Mid-Cap Companies in 2024, reinforcing their position as a trusted partner for retailers, suppliers, logistics providers, and distributors worldwide.
SPS Commerce (NASDAQ: SPSC) reported strong Q3 2024 financial results, marking its 95th consecutive quarter of revenue growth. Revenue reached $163.7 million, up 21% year-over-year, with recurring revenue also growing 21%. Net income increased to $23.5 million ($0.62 per diluted share), compared to $16.8 million ($0.45 per share) in Q3 2023. Adjusted EBITDA grew 19% to $48.4 million. The company provided Q4 2024 guidance projecting revenue between $168.5-169.5 million and full-year 2024 revenue guidance of $635.4-636.4 million, representing 18-19% growth.
SPS Commerce (NASDAQ: SPSC) has announced it will release its third quarter 2024 financial results on Thursday, October 24, 2024, after market close. The company will host a conference call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.
To participate in the call, dial 1-833-816-1382 (U.S.) or 1-412-317-0475 (outside U.S.) at least 15 minutes before the start time. A live webcast and replay will be available on the company's investor relations website. SPS Commerce, a leader in retail supply chain cloud services, has achieved 94 consecutive quarters of revenue growth and serves over 120,000 companies in retail, grocery, distribution, supply, and logistics industries.
SPS Commerce (NASDAQ: SPSC), a leader in retail supply chain cloud services, announced its participation in Citi's 2024 Global TMT Conference on September 5, 2024, at 1:20 PM E.T. The presentation will be available via webcast on the company's investor relations website.
SPS Commerce is the world's leading retail network, connecting trading partners globally to optimize supply chain operations. The company supports data-driven partnerships with cloud technology, customer service, and expert support. Over 120,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network. Notably, SPS has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis.
SPS Commerce (NASDAQ: SPSC) has acquired SupplyPike, an automated invoice deduction management and prevention solution, for approximately $119 million in cash and $87 million in SPS Commerce stock. This acquisition expands SPS Commerce's product portfolio, offering suppliers a way to improve their ability to meet retail customers' expectations through automated process monitoring, education, and dispute resolution capabilities.
For Q3 2024, SPS Commerce anticipates the acquisition will add about $3.0 million in revenue but negatively impact Adjusted EBITDA by approximately $750,000. For fiscal year 2024, it's expected to add $8.0 million in revenue with a negative $1.5 million impact on Adjusted EBITDA. In fiscal year 2025, the company projects $25.0 million in additional revenue and breakeven in Adjusted EBITDA.
SPS Commerce (NASDAQ: SPSC) reported strong Q2 2024 financial results, marking its 94th consecutive quarter of topline growth. Key highlights include:
- Revenue increased 18% year-over-year to $153.6 million
- Recurring revenue grew 18% from Q2 2023
- Net income rose to $18.0 million or $0.48 per diluted share
- Non-GAAP income per diluted share was $0.80
- Adjusted EBITDA increased 16% to $44.2 million
The company announced a new $100 million share repurchase program effective August 23, 2024. SPS Commerce also provided guidance for Q3 2024 and the full fiscal year 2024, projecting continued growth in revenue and earnings.
SPS Commerce (NASDAQ: SPSC) reported strong Q2 2024 financial results, marking its 94th consecutive quarter of topline growth. Key highlights include:
- Revenue increased 18% year-over-year to $153.6 million
- Recurring revenue grew 18% from Q2 2023
- Net income rose to $18.0 million or $0.48 per diluted share
- Non-GAAP income per diluted share was $0.80
- Adjusted EBITDA increased 16% to $44.2 million
The company announced a new $100 million share repurchase program effective August 23, 2024. SPS Commerce also provided guidance for Q3 2024 and raised its full-year 2024 outlook, projecting 16-17% revenue growth.
FAQ
What is the current stock price of Sps Commerce (SPSC)?
What is the market cap of Sps Commerce (SPSC)?
