SPS Commerce Reports Fourth Quarter and Full Year 2020 Financial Results
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SPS Commerce (SPSC) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 Revenue Guidance Above Consensus, Provides 1Q & FY21 EPS Outlook
February 11, 2021 4:13 PM ESTSPS Commerce (NASDAQ: SPSC) reported Q4 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $80.57 million.
Throughout 2020 SPS Commerce was instrumental in driving efficiency in the retail supply chain, said Archie Black, President and CEO of SPS Commerce. During the year, we grew net new customer adds by 27% as our Fulfillment solution gained momentum, and volume of drop ship orders filled through our network more than doubled as compared to pre-pandemic levels. We remain committed to supporting our customers through their digital... More
