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Dec 31, 2020
SPS Commerce Q4 2020 Earnings Report
SPS Commerce reported strong Q4 and full year results, driven by growth in recurring revenue and net new customer additions.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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