SPS Commerce Q4 2020 Earnings Report
Key Takeaways
SPS Commerce announced its Q4 2020 financial results, achieving revenue of $83.3 million, a 15% increase compared to Q4 2019. The company's net income for the quarter was $13.5 million, or $0.37 per diluted share. SPS Commerce delivered its 80th consecutive quarter of topline growth.
Revenue for Q4 2020 reached $83.3 million, up 15% from Q4 2019.
Recurring revenue grew by 15% compared to the fourth quarter of 2019.
Net income for Q4 2020 was $13.5 million, or $0.37 per diluted share, compared to $9.2 million, or $0.25 per diluted share, in Q4 2019.
Net new customer additions grew by 27% during the year.
SPS Commerce
SPS Commerce
Forward Guidance
SPS Commerce provided revenue guidance for Q1 2021 to be in the range of $86.8 million to $87.8 million. Full year 2021 revenue is expected to be in the range of $363.0 million to $366.0 million, representing approximately 16% to 17% growth over 2020.