earnings
confidence high
sentiment positive
materiality 0.75
SPS Commerce Q1 revenue $125.9M (+20% YoY); EPS $0.41 vs $0.34 YoY
SPS COMMERCE INC
2023-Q1 EPS reported
$0.41
revenue$125,868,000
- Recurring revenue grew 20% YoY; net income $15.3M ($0.41 diluted) vs $12.6M ($0.34) YoY.
- Non-GAAP EPS $0.67 vs $0.55 YoY; Adjusted EBITDA $37.0M (+16% YoY).
- Q2 2023 revenue guidance $128.0M-$128.8M; non-GAAP EPS $0.62-$0.63.
- FY 2023 revenue guidance $525.5M-$527.6M (+17%); non-GAAP EPS $2.67-$2.70.
- CEO cites omnichannel retail tailwinds; company's 89th consecutive quarter of topline growth.