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.
On February 28, 2022, SPS Commerce (NASDAQ: SPSC) announced its participation in the JMP Securities Technology Conference scheduled for March 7, 2022, at 10:00 AM P.T. Management will present insights into the company’s operations and growth strategies.
A webcast of the presentation will be accessible via the company's investor relations website. SPS Commerce, a leader in retail cloud services, has supported over 105,000 companies globally, achieving 84 consecutive quarters of revenue growth.
SPS Commerce reported robust financial results for Q4 and full year 2021, achieving 84 consecutive quarters of topline growth. Q4 revenue reached $102.8 million, a 23% increase from Q4 2020. Recurring revenue also grew 21%. Full year revenue stood at $385.3 million, reflecting 23% growth. Net income for Q4 was $12.8 million or $0.34 per diluted share, down from $13.5 million in Q4 2020. Guidance for Q1 2022 forecasts revenue between $103.8 million and $104.8 million, with full year revenue projected at $442.5 million to $445.5 million.
SPS Commerce, Inc. (NASDAQ: SPSC) will announce its financial results for Q4 and full year ended December 31, 2021, on February 9, 2022, after market close. A conference call is scheduled for 3:30 p.m. CT on the same day, accessible via phone or live webcast. SPS Commerce, a leader in retail cloud services, boasts 83 consecutive quarters of revenue growth, serving over 95,000 companies globally in retail and e-commerce.
SPS Commerce (NASDAQ: SPSC) will present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 12:30 PM E.T. The event will be accessible via a webcast on the company’s investor relations website. As a leader in retail cloud services, SPS Commerce connects over 95,000 trading partners globally, delivering optimized supply chain operations. The company has achieved 83 consecutive quarters of revenue growth and continues to enhance its innovative cloud technology and customer support.
SPS Commerce, a leader in retail cloud services, will present at the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 12:45 PM M.T. The event will be accessible via a webcast on the company's investor relations website. With over 95,000 clients in retail, distribution, grocery, and e-commerce, SPS Commerce continues to achieve success with 83 consecutive quarters of revenue growth. The company is headquartered in Minneapolis and focuses on optimizing supply chain operations through innovative cloud technology.
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.