SPS Commerce Q1 2020 Earnings Report
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.
SPS Commerce
SPS Commerce
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.