SPS Commerce Q2 2021 Earnings Report
Key Takeaways
SPS Commerce announced financial results for the second quarter ended June 30, 2021, with revenue reaching $94.5 million, a 25% increase compared to the second quarter of 2020. Net income for the quarter was $10.2 million, or $0.28 per diluted share. The company's recurring revenue grew 22% year-over-year.
Revenue increased by 25% compared to Q2 2020.
Recurring revenue grew by 22% compared to Q2 2020.
Net income was $10.2 million, or $0.28 per diluted share.
Non-GAAP net income per diluted share was $0.46.
SPS Commerce
SPS Commerce
Forward Guidance
The company provided guidance for the third quarter of 2021, expecting revenue in the range of $96.7 million to $97.5 million and net income per diluted share in the range of $0.21 to $0.23. For the full year of 2021, revenue is expected to be in the range of $380.6 million to $382.1 million, representing 22% growth over 2020.