SPS(US:SPSC) Globenewswireยท2025-02-10 21:05Core Insights - SPS Commerce, Inc. achieved its 96th consecutive quarter of topline growth, with Q4 2024 revenue increasing by 18% to $170.9 million compared to Q4 2023 [1][6] - Recurring revenue for Q4 2024 grew by 19% year-over-year [1][6] - The company reported a net income of $17.6 million or $0.46 per diluted share for Q4 2024, down from $19.0 million or $0.51 per diluted share in Q4 2023 [6] Financial Highlights - Q4 2024 revenue was $170.9 million, up from $145.0 million in Q4 2023, reflecting an 18% growth [6] - Recurring revenue for the same period grew by 19% [6] - Adjusted EBITDA for Q4 2024 increased by 18% to $49.6 million compared to Q4 2023 [6] - For the fiscal year 2024, total revenue reached $637.8 million, a 19% increase from $536.9 million in 2023 [6] - Net income for the fiscal year 2024 was $77.1 million or $2.04 per diluted share, compared to $65.8 million or $1.76 per diluted share in 2023, reflecting a 17% growth [6] Guidance - For Q1 2025, revenue is expected to be between $178.5 million and $180.0 million, indicating a year-over-year growth of 19% to 20% [7] - Net income per diluted share is projected to be in the range of $0.39 to $0.41 [7] - For the fiscal year 2025, revenue is anticipated to be between $758.0 million and $763.0 million, representing a growth of 19% to 20% over 2024 [15]