earnings
confidence high
sentiment negative
materiality 0.75
SPS Commerce corrects FY2024 non-GAAP EPS guidance down from $3.63-$3.66 to $3.36-$3.39; Q2 revenue up 18%
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 EPS); non-GAAP EPS $0.80 vs $0.69.
- Recurring revenue grew 18% YoY; adjusted EBITDA $44.2M (+16%).
- Board authorized new $100M share repurchase program effective Aug 23, 2024 through July 24, 2026.
- FY2024 non-GAAP EPS guidance corrected to $3.36-$3.39 (previously $3.63-$3.66).
- Q3 revenue guidance $157.6-$158.6M; non-GAAP EPS $0.83-$0.84.