SPS Commerce (SPSC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. SPS Commerce, which belongs to the Zacks Business - Services industry, posted revenues of $153.6 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.05%. This compares to year-ago revenues of $130.42 million. The company has topped consens ...

Revenue Growth - Revenue increased by 18% to $153.6 million in Q2 2024 compared to $130.4 million in Q2 2023, driven by a 5% increase in recurring revenue customers to 44,950 and a 13% increase in wallet share to $12,850[120][131] - Recurring revenue customers increased by 5% to 44,950 in Q2 2024, with 1,000 customers added from the TIE Kinetix acquisition and 50 from the Traverse Systems acquisition[120][131] - Wallet share increased by 13% to $12,850 in Q2 2024, driven by higher product usage among recurring revenue customers[120][131] - Recurring revenues accounted for 94% of total revenues in the six months ended June 30, 2024, up from 93% in the same period in 2023[131] Profitability - Net income rose by 23% to $18.0 million in Q2 2024 from $14.7 million in Q2 2023, with income from operations increasing by 36% to $23.2 million[120] - Adjusted EBITDA grew by 16% to $44.2 million in Q2 2024 compared to $38.2 million in Q2 2023[126] - Adjusted EBITDA for the six months ended June 30, 2024, increased to $88.6 million from $75.2 million in the same period in 2023[133] Cost and Expense Analysis - Cost of revenues increased by 17% to $52.0 million in Q2 2024, primarily due to a $4.7 million rise in personnel-related costs[122] - Research and development expenses grew by 8% to $14.4 million in Q2 2024, mainly due to a $1.5 million increase in personnel-related costs[123] Tax and Financial Impact - Income tax expense increased significantly to $9.2 million in Q2 2024 from $4.2 million in Q2 2023, driven by higher pre-tax income and reduced deductible benefits[125]

Adjusted EBITDA consists of net income adjusted for income tax expense, depreciation and amortization expense, stock-based compensation expense, realized gain or loss from foreign currency on cash and investments held, investment income, and other adjustments as necessary for a fair presentation. Other adjustments included the expense impact from disposals of certain capitalized internally developed software. Net income is the comparable GAAP measure of financial performance. Fiscal Year 2024 Guidance • Rev ...

Revenue and recurring revenue growth of 18% year-over-year MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights "As the retail industry continues to evolve, SPS is uniquely positioned to help suppliers, large and small, digitize their trading partner connections to achieve efficiencies and scalability," said Chad C ...

MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, July 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior ...

MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that management will present at the William Blair 44th Annual Growth Stock Conference on Wednesday, June 5, 2024, at 1:20 PM C.T. SPS-F Contact: Investor Relations The Blueshirt Group Irmina Blaszczyk Lisa Laukkanen SPSC@blueshirtgroup.com 415-217-4962 A webcast of the presentation will be available on the company's investor relations website at http://investors.sp ...

MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that management will present at the William Blair 44th Annual Growth Stock Conference on Wednesday, June 5, 2024, at 1:20 PM C.T. SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other c ...

SPS Commerce, Inc. (NASDAQ:SPSC) Q1 2024 Earnings Conference Call April 25, 2024 4:30 PM ET Company Participants Irmina Blaszczyk - Investor Relations Chad Collins - Chief Executive Officer Kim Nelson - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Berg - Needham Parker Lane - Stifel Dylan Becker - William Blair George Kurosawa - Citi Joe Vruwink - Baird Mark Schappel - Loop Capital Markets Operator Good day and welcome to the SPS Commerce First Quarter 2024 Earnings ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ________ to ________ Commission file number 001-34702 SPS COMMERCE, INC. (Exact Name of Registrant as Specified in its Charter) (612) 435-9400 ...

Financial Highlights First Quarter 2024 Financial Highlights "SPS' vast network and go-to-market strategy are unique differentiators of our business model, evidenced by our strong channel partnerships and longstanding customer relationships," said Chad Collins, CEO of SPS Commerce. "Ongoing investments in supply chain management, coupled with SPS' competitive position underscore our conviction in the growth opportunity ahead of us." "SPS Commerce delivered a strong start to the year and the 93 consecutive q ...