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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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