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.
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.
SPS Commerce (NASDAQ: SPSC) announced plans to release its Q2 2024 financial results on July 25, 2024, after market close. The company will discuss these results in a conference call at 3:30 p.m. CT on the same day. Participants can dial 1-833-816-1382 or 1-412-317-0475 (outside the U.S.) and ask to join the SPS Commerce Q2 2024 conference call. A live webcast and replay of the call will be available at the company's investor relations website. SPS Commerce, headquartered in Minneapolis, is a leader in retail supply chain cloud services, supporting over 120,000 companies globally. The company boasts 93 consecutive quarters of revenue growth.
SPS Commerce, a leader in retail supply chain cloud services, will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024, at 1:20 PM C.T. A webcast of the presentation will be available at the company's investor relations website.
SPS Commerce connects trading partners around the globe to optimize supply chain operations for retail partners. Over 120,000 companies in retail, grocery, distribution, supply, and logistics use their services.
Headquartered in Minneapolis, SPS Commerce has achieved 93 consecutive quarters of revenue growth. For more information, visit www.spscommerce.com or contact their investor relations team.
SPS Commerce, Inc. announced the acquisition of Traverse Systems, a SaaS platform, for $25 million in cash and $4.3 million in stock. The acquisition aims to enhance supply chain performance and optimization for retailers and suppliers. Traverse Systems provides solutions for scorecarding, vendor performance management, and improving collaboration between trading partners. The company expects revenue increases of $600,000 for Q2 2024, $2.9 million for FY 2024, and $5 million for FY 2025. Adjusted EBITDA is expected to be negatively impacted by $200,000 for Q2 2024 and breakeven for FY 2024, with $1.5 million for FY 2025. The acquisition details will be further disclosed during the Q2 2024 earnings release in July 2024.
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