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SPS Commerce
🇺🇸 NASDAQ:SPSC
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Sep 30, 2020

SPS Commerce Q3 2020 Earnings Report

SPS Commerce reported its 79th consecutive quarter of topline growth, driven by a 13% increase in recurring revenue compared to 2019.

Key Takeaways

SPS Commerce announced its Q3 2020 financial results, reporting a revenue of $79.6 million, a 12% increase compared to Q3 2019. Net income was $11.4 million, or $0.31 per diluted share, while non-GAAP income per diluted share was $0.39.

Revenue reached $79.6 million, reflecting a 12% growth compared to the third quarter of 2019.

Recurring revenue increased by 13% from the third quarter of 2019.

Net income for the quarter was $11.4 million, or $0.31 per diluted share.

Non-GAAP income per diluted share was $0.39.

Total Revenue
$79.6M
Previous year: $70.9M
+12.2%
EPS
$0.39
Previous year: $0.33
+18.2%
Gross Profit
$54.5M
Previous year: $47.7M
+14.4%
Cash and Equivalents
$209M
Previous year: $150M
+39.5%
Free Cash Flow
$25.5M
Previous year: $18.3M
+39.6%
Total Assets
$488M
Previous year: $427M
+14.3%

SPS Commerce

SPS Commerce

SPS Commerce Revenue by Segment

Forward Guidance

For the fourth quarter of 2020, SPS Commerce expects revenue in the range of $80.0 million to $80.5 million, net income per diluted share in the range of $0.20 to $0.21, and non-GAAP income per diluted share in the range of $0.33 to $0.34.

Company Overview

Full financial data and analysis

View SPS Commerce