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 reported a robust financial performance for Q1 2023, marking the 89th consecutive quarter of topline growth. Revenue reached $125.9 million, a 20% increase from $105.2 million in Q1 2022. Recurring revenue also grew by 20%. Net income was $15.3 million or $0.41 per diluted share, up from $12.6 million or $0.34 in the previous year. Non-GAAP income per diluted share rose to $0.67 from $0.55. Adjusted EBITDA improved 16% to $37.0 million. Looking ahead, the company expects Q2 2023 revenue between $128.0 million and $128.8 million, with net income per diluted share projected to be in the range of $0.30 to $0.31.
SPS Commerce, a leader in retail cloud services, has announced the release of its financial results for Q1 2023 on April 26, 2023, after market close. The results will be discussed in a conference call at 3:30 p.m. CT (4:30 p.m. ET) the same day. Investors can access the call by dialing 1-833-816-1382 (or 1-412-317-0475 for international callers) at least 15 minutes prior to the start time. A live webcast will also be available on their investor relations website, along with a replay afterwards. SPS Commerce has demonstrated impressive performance, showcasing 88 consecutive quarters of revenue growth, a significant achievement indicating long-term stability and success in the retail technology sector.
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