SPS Commerce (SPSC) Reports In-Line Q1 EPS

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Go back to SPS Commerce (SPSC) Reports In-Line Q1 EPS

SPS Commerce Reports First Quarter 2015 Financial Results

April 23, 2015 4:05 PM EDT

MINNEAPOLIS, April 23, 2015 (GLOBE NEWSWIRE) -- SPS Commerce (Nasdaq: SPSC), a leading provider of cloud-based supply chain management solutions, today announced financial results for the first quarter ended March 31, 2015.

Revenue was $37.0 million in the first quarter of 2015, compared to $28.9 million in the first quarter of 2014, reflecting 28% growth in revenue from the first quarter 2014. Recurring revenue grew 29% from the first quarter of 2014.

Net income in the first quarter of 2015 was $586,000 or $0.03 per diluted share, compared to net income of $373,000, or $0.02 per diluted share, in the first quarter of 2014. Non-GAAP net income per diluted share... More