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Mar 31, 2020
SPS Commerce Q1 2020 Earnings Report
SPS Commerce reported first quarter financial results, achieving 77th consecutive quarter of topline growth and a 12% increase in recurring revenue compared to 2019.
Key Takeaways
SPS Commerce announced strong Q1 2020 results with revenue of $74.2 million, an 11% increase from Q1 2019. Net income was $9.5 million, or $0.26 per diluted share, and non-GAAP income per diluted share was $0.38.
Revenue reached $74.2 million, an 11% increase compared to the first quarter of 2019.
Recurring revenue grew by 12% from the first quarter of 2019.
Net income was $9.5 million, or $0.26 per diluted share, compared to $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 $0.30 in the first quarter of 2019.
Forward Guidance
For the second quarter of 2020, revenue is expected to be in the range of $73.8 million to $74.8 million. Second quarter net income per diluted share is expected to be in the range of $0.17 to $0.19. Non-GAAP income per diluted share is expected to be in the range of $0.29 to $0.31. Adjusted EBITDA is expected to be in the range of $19.0 million to $20.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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