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Jun 30, 2023
SPS Commerce Q2 2023 Earnings Report
Reported 90th consecutive quarter of topline growth and 19% year-over-year revenue growth.
Key Takeaways
SPS Commerce announced its Q2 2023 financial results, highlighting a 19% year-over-year revenue increase and continued investment in supply chain technologies. The company remains focused on expanding its retail network and capitalizing on growth opportunities.
SPS Commerce reported its second quarter financial results.
Revenue increased by 19% year-over-year.
Recurring revenue grew by 20% year-over-year.
The company is focused on optimizing its network and capitalizing on a multi-billion dollar addressable market.
SPS Commerce
SPS Commerce
SPS Commerce Revenue by Segment
Revenue by Segment
Recurring Revenue
CapyFin.com Forward Guidance
SPS Commerce provided guidance for the third quarter and full year 2023, excluding the pending acquisition of TIE Kinetix. However, the company does not present a reconciliation of the forward-looking non-GAAP financial measures.