SPS Commerce Q3 revenue $135.7M (+18% YoY); CEO transition to Chad Collins

SPS COMMERCE INC

2023-Q3 EPS reported $1.25 revenue$391,945,000

Revenue $135.7M, +18% YoY; recurring revenue grew 20% to $122.5M.
GAAP diluted EPS $0.45 vs $0.43; non-GAAP diluted EPS $0.75 vs $0.63.
Adjusted EBITDA $40.5M (+17% YoY); Q3 net income $16.8M.
CEO succession: Archie Black becomes Executive Chair, Chad Collins appointed CEO effective Oct 26, 2023.
Q4 revenue guidance $142.2-143.2M; FY2023 revenue guidance $534.2-535.2M (18-19% growth).

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