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 Acquires Genius Central
MINNEAPOLIS, Nov. 3, 2021 - SPS Commerce (NASDAQ: SPSC) has announced the acquisition of Genius Central for approximately $17 million in cash. This merger aims to enhance SPS’ capabilities in the food retail and health industries. Expected revenues from Genius Central are around $450,000 for Q4 2021 and $3 million for fiscal year 2022. The deal is projected to contribute $1 million to Adjusted EBITDA in 2023 and beyond, supporting SPS' growth strategy.
SPS Commerce reported its third quarter 2021 financial results with revenue of $97.9 million, marking a 23% growth from the previous year. Recurring revenue increased by 20%. Net income remained steady at $11.4 million, with $0.31 per diluted share. The company announced a new $50 million stock repurchase program effective November 28, 2021. For the fourth quarter, revenue is projected between $99.9 million and $100.5 million, with net income per diluted share forecasted at $0.24 to $0.25.
SPS Commerce has launched a new Carrier Service LTL solution in collaboration with C.H. Robinson, aimed at assisting retail suppliers during the holiday season.
This solution allows suppliers to save 5-17% on freight costs and reduces booking time to under one minute.
The system offers immediate access to C.H. Robinson’s extensive LTL network, beneficial in a tight transportation market where LTL freight rates rose by 9.1% in 2021. The initiative addresses challenges like shipment delays and rising operational burdens.
SPS Commerce (NASDAQ: SPSC) will report its Q3 2021 financial results after market close on October 28, 2021. A conference call is scheduled for 3:30 p.m. CT (4:30 p.m. ET) the same day to discuss the results. Interested parties can participate by dialing (877) 312-7508, or (253) 237-1184 for international calls, using Conference ID # 8133049. SPS Commerce is recognized as a leader in retail cloud services, serving over 95,000 global retail partners and boasting 82 consecutive quarters of revenue growth.
SPS Commerce announced its financial results for Q2 2021, marking the 82nd consecutive quarter of topline growth. Revenue reached $94.5 million, a 25% increase from Q2 2020, with recurring revenue growing 22%. Net income was $10.2 million or $0.28 per diluted share, showing a decline from $11.2 million or $0.31 per share year-over-year. Non-GAAP earnings rose to $0.46 per diluted share. Adjusted EBITDA grew 34% to $27.3 million. For Q3 2021, revenue guidance is set between $96.7 million to $97.5 million.
SPS Commerce (NASDAQ: SPSC) has announced the scheduled release of its financial results for Q2 2021, ending June 30, 2021. The results will be disclosed after the market closes on July 29, 2021. A conference call to discuss the results will follow at 3:30 p.m. CT (4:30 p.m. ET) the same day. With 81 consecutive quarters of revenue growth, SPS Commerce supports over 95,000 companies globally through its retail cloud services, optimizing supply chain operations.
SPS Commerce (NASDAQ: SPSC), a leader in retail cloud services, announced its participation in three upcoming investor conferences. Management will present at the William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 3:00 PM E.T., the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 12:40 PM E.T., and the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, at 3:10 PM E.T. Webcasts of the presentations will be available on their investor relations website.
SPS Commerce has reported its 81st consecutive quarter of topline growth, achieving 21% revenue growth, totaling $90.1 million for Q1 2021, up from $74.2 million in Q1 2020. Recurring revenue increased by 18%. The company reported a net income of $10.2 million or $0.28 per diluted share, compared to $9.5 million or $0.26 in the prior year. Adjusted EBITDA rose 25% to $25.5 million. For Q2 2021, revenue guidance is set at $90.5 million to $91.5 million, with full-year revenue expected between $371.1 million and $373.6 million.
SPS Commerce (NASDAQ: SPSC) will release its first quarter financial results for the period ending March 31, 2021, after market close on April 29, 2021. A conference call discussing these results will take place at 3:30 p.m. CT on the same day, accessible via phone or live webcast. SPS Commerce has maintained a strong performance, boasting 80 consecutive quarters of revenue growth and serving over 95,000 retail and e-commerce partners globally. For more details, visit their investor relations page.
SPS Commerce (NASDAQ: SPSC) has launched enhancements to its Fulfillment solution, facilitating better management of wholesale and direct-to-consumer orders. Suppliers can now process orders from various e-commerce platforms, including Amazon and Shopify, in a single, integrated system. This new feature aims to reduce manual processes, improve visibility, and streamline order fulfillment, responding to the retail industry's shift towards e-commerce. The solution is available immediately, catering to the increasing demand for efficient supply chain processes.