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Stock impact report

SPS Commerce Reports First Quarter 2020 Financial Results

SPS Commerce, Inc. (SPSC) 
Last sps commerce, inc. earnings: 4/30 04:07 pm Check Earnings Report
Company Research Source: GlobeNewswire
MINNEAPOLIS, April 30, 2020 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2020. Revenue was $74.2 million in the first quarter of 2020, compared to $66.9 million in the first quarter of 2019, reflecting 11% growth in revenue from the first quarter of 2019. Recurring revenue grew 12% from the first quarter of 2019.  Net income in the first quarter of 2020 was $9.5 million or $0.26 per diluted share, compared to net income of $6.8 million or $0.19 per diluted share, in the first quarter of 2019. Non-GAAP income per diluted share was $0.38 compared to non-GAAP income per diluted share of $0.30 in the first quarter of 2019. Adjusted EBITDA for the first quarter of 2020 increased 24% to $20.4 million compared to the first quarter of 2019. “SPS Commerce plays a mission-critical role in the global supply chain.  Our solutions are keeping trading partners connected, especi Show less Read more
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