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, a leader in retail cloud services, reported its third-quarter financial results for 2022, showcasing a remarkable 17% revenue growth year-over-year, totaling $114.5 million. Recurring revenue increased by 18%, and net income rose to $15.9 million or $0.43 per diluted share. Non-GAAP income per share improved to $0.63. The company anticipates fourth-quarter revenue between $120.0 million and $121.0 million, projecting full-year revenue to reach $448.9 million to $449.9 million, marking a 17% growth over 2021.
SPS Commerce, a leader in retail cloud services, will release its Q3 2022 financial results on October 27, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss these results. Interested parties can join the call by dialing 1-866-652-5200 or access a live webcast at investors.spscommerce.com. SPS Commerce has achieved 86 consecutive quarters of revenue growth, serving over 105,000 companies globally.
SPS Commerce, Inc. (NASDAQ: SPSC) has acquired InterTrade Systems Inc. for approximately $49 million in cash, enhancing its leadership in the retail cloud services sector. This acquisition is expected to add about $1.7 million in revenue for Q4 2022 and $8.5 million in 2023, while impacting Adjusted EBITDA by $200,000 in Q4 2022. The integration will expand SPS Commerce's network to include thousands of businesses and over 105,000 trading partners globally.
SPS Commerce reported its second quarter 2022 results, marking the 86th consecutive quarter of revenue growth. Revenue reached $109.2 million, up 15% year-over-year, while recurring revenue grew 16%. Net income increased to $10.8 million or $0.29 per diluted share. The company announced a new $50 million share repurchase program effective August 26, 2022. For the third quarter, revenue guidance is set between $113.4 million to $114.4 million with net income per share expected between $0.29 to $0.31.
SPS Commerce announces the acquisition of GCommerce for approximately $45 million in cash, strengthening its position in the automotive aftermarket sector. The acquisition is expected to add about $1 million in revenue in Q3 2022 and $2.5 million for the fiscal year, while negatively impacting Adjusted EBITDA by $300,000. For 2023, revenue contribution is anticipated to be around $7 million and Adjusted EBITDA about $2.5 million. This acquisition enhances market access with a trading community of over 105,000 partners globally.
SPS Commerce, a leader in retail cloud services, will release its Q2 2022 financial results after market close on July 27, 2022. The company will host a conference call at 3:30 PM CT (4:30 PM ET) on the same day to discuss the results. Participants can pre-register for the call and access a live webcast afterwards. SPS Commerce supports over 105,000 retail partners globally, boasting 85 consecutive quarters of revenue growth, highlighting its strong position in optimizing supply chain operations.
SPS Commerce (NASDAQ: SPSC) announced that its management will present at William Blair's 42nd Annual Growth Stock Conference in Chicago on June 6, 2022, at 4:00 PM C.T. A webcast will be available on the company’s investor relations website. SPS Commerce is a leading retail network, connecting over 105,000 companies globally to enhance supply chain operations. The company has experienced 85 consecutive quarters of revenue growth and is headquartered in Minneapolis.
SPS Commerce (SPSC) reported financial results for Q1 2022, showcasing its 85th consecutive quarter of topline growth. Revenue rose by 17% year-over-year to $105.2 million, with recurring revenue up 18%. Net income increased to $12.6 million or $0.34 per diluted share, compared to $10.2 million or $0.28 previously. Non-GAAP earnings per share improved to $0.55. The company expects Q2 revenue between $108.3 million and $109.3 million, and full-year revenue guidance of $443.4 million to $445.9 million, reflecting 15% to 16% growth.
SPS Commerce (NASDAQ: SPSC) will release its first-quarter financial results for the period ending March 31, 2022, on April 28, 2022, after market close. A conference call to discuss these results will be held at 3:30 p.m. CT (4:30 p.m. ET) the same day. Investors can join the call by dialing (877) 312-7508 or (253) 237-1184 for international access, using Conference ID # 8561377. A live webcast and replay will also be available at SPS Commerce Investor Relations. The company boasts 84 consecutive quarters of revenue growth, serving over 105,000 retail partners worldwide.
SPS Commerce announced the availability of its Fulfillment solution on the Oracle Cloud Marketplace, enhancing supply chain order fulfillment for omnichannel retailers. This integration supports over 300 Oracle application customers, facilitating automation in order management across various sales channels, including e-commerce and wholesale.
The solution enables businesses to comply with complex order models, improving efficiency by reducing manual processes.