SPS Commerce Q4 2021 Earnings Report
Key Takeaways
SPS Commerce announced its Q4 2021 financial results, with revenue reaching $102.8 million, a 23% increase compared to Q4 2020. Recurring revenue grew by 21%. Net income was $12.8 million, or $0.34 per diluted share, while non-GAAP net income per diluted share was $0.46.
Delivered 84th consecutive quarter of topline growth.
Revenue increased by 23% compared to Q4 2020.
Recurring revenue grew by 21% from the fourth quarter of 2020.
Investments are accelerating growth and expanding the addressable market.
SPS Commerce
SPS Commerce
Forward Guidance
SPS Commerce provided guidance for Q1 2022 and full year 2022. Q1 2022 revenue is expected to be in the range of $103.8 million to $104.8 million. Full year 2022 revenue is expected to be in the range of $442.5 million to $445.5 million, representing approximately 15% to 16% growth over 2021.