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Sep 30, 2022
SPS Commerce Q3 2022 Earnings Report
SPS Commerce reported its financial results for the third quarter ended September 30, 2022, achieving its 87th consecutive quarter of topline growth.
Key Takeaways
SPS Commerce reported revenue growth of 17% year-over-year and recurring revenue growth of 18% year-over-year in Q3 2022.
Automation is key to improving efficiency for suppliers and retailers.
SPS Commerce facilitates automation and enables integration with e-commerce platforms.
Increasing complexity in omnichannel retail will continue to fuel the need for automation.
SPS Commerce's solutions and growing network solidify its competitive position.
SPS Commerce
SPS Commerce
Forward Guidance
The press release includes forward-looking statements about SPS Commerce's future expectations, plans, and prospects, including views regarding future execution within the business, the opportunity in the retail supply chain world, and performance for the fourth quarter and full year of 2022.