earnings
confidence high
sentiment positive
materiality 0.80
SPS Commerce Q2 revenue $153.6M (+18% YoY); new $100M buyback authorized
SPS COMMERCE INC
2024-Q2 EPS reported
$0.96
revenue$303,172,000
- Q2 revenue $153.6M (+18% YoY); net income $18.0M ($0.48 diluted EPS) vs $14.7M ($0.39) YoY.
- Non-GAAP EPS $0.80 vs $0.69; adjusted EBITDA $44.2M (+16% YoY).
- Recurring revenue grew 18% YoY; 94th consecutive quarter of topline growth.
- Board authorized $100M share repurchase program effective Aug 23, 2024 through Jul 24, 2026.
- FY2024 guidance: revenue $624.2-626.0M (16-17% growth); non-GAAP EPS $3.63-3.66.