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Mar 31, 2022
SPS Commerce Q1 2022 Earnings Report
SPS Commerce experienced revenue growth and profitability in Q1 2022.
Key Takeaways
SPS Commerce reported a 17% increase in revenue and an 18% increase in recurring revenue compared to Q1 2021. Net income and non-GAAP EPS also increased year-over-year.
Revenue reached $105.2 million, a 17% increase year-over-year.
Recurring revenue grew by 18% compared to the first quarter of 2021.
Net income was $12.6 million, or $0.34 per diluted share, compared to $10.2 million, or $0.28 per diluted share in Q1 2021.
Non-GAAP net income per diluted share was $0.55, up from $0.43 in the first quarter of 2021.
Forward Guidance
The company provided guidance for Q2 2022, expecting revenue between $108.3 million and $109.3 million, net income per diluted share between $0.25 and $0.26, and non-GAAP net income per diluted share between $0.48 and $0.49.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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