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Stock impact report

SPS Commerce Reports First Quarter 2024 Financial Results [Yahoo! Finance]

SPS Commerce, Inc. (SPSC) 
Last sps commerce, inc. earnings: 4/30 04:07 pm Check Earnings Report
Company Research Source: Yahoo! Finance
MINNEAPOLIS, April 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights First Quarter Financial Highlights Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth. Recurring revenue grew 19% from the first quarter of 2023. Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or $0.41 per diluted share in the first quarter of 2023. Non-GAAP income per diluted share was $0.86, compared to non-GAAP income per diluted share of $0.67 in the first quarter of 2023. Adjusted EBITDA for the first quarter of 2024 increased 20% to $44.4 million compared to the first quarter of 2023. Share repurchases in the first quarter of 2024 totaled $20 million. “SPS' vast network and go-to-market strategy are un Show less Read more
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