SPS Commerce Q2 revenue $109.2M (+15% YoY), non-GAAP EPS $0.53; new $50M buyback

SPS COMMERCE INC

2022-Q2 EPS reported $0.63 revenue$214,371,000

Revenue $109.2M, up 15% YoY; recurring revenue grew 16% to mark 86th consecutive quarter of topline growth.
GAAP net income $10.8M ($0.29 diluted) vs $10.2M ($0.28) in Q2 2021.
Non-GAAP diluted EPS $0.53 vs $0.46; Adjusted EBITDA $30.9M, up 13% from Q2 2021.
Board authorized new $50M share repurchase program, effective Aug 26, 2022 through Jul 26, 2024.
Q3 2022 guidance: revenue $113.4-$114.4M, non-GAAP EPS $0.51-$0.52; FY22 revenue $446.4-$448.4M, non-GAAP EPS $2.13-$2.15.

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