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Mar 31, 2023
SPS Commerce Q1 2023 Earnings Report
SPS Commerce reported first quarter results with revenue growth and continued network expansion.
Key Takeaways
SPS Commerce reported its Q1 2023 financial results, marking the 89th consecutive quarter of topline growth. The company's revenue increased by 20% year-over-year, driven by the expansion of its network and the stability of its business model.
SPS Commerce achieved 89 consecutive quarters of topline growth.
Revenue grew by 20% year-over-year.
Recurring revenue also grew by 20% year-over-year.
The company's strategy and people are positioning it for continued success.
SPS Commerce
SPS Commerce
SPS Commerce Revenue by Segment
Revenue by Segment
Recurring Revenue
CapyFin.com Forward Guidance
The company provided guidance for the second quarter and full year of 2023, but did not disclose the actual values.