SPS Commerce ( (SPSC) ) has released its Q4 earnings. Here is a breakdown of the information SPS Commerce presented to its investors.
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SPS Commerce, Inc. is a Minneapolis-based leader in retail supply chain cloud services, providing innovative cloud technology and customer-centric solutions to over 45,000 customers globally. The company recently reported its financial results for the fourth quarter and fiscal year 2024, marking the 96th consecutive quarter of revenue growth. SPS Commerce saw an 18% increase in fourth-quarter revenue, reaching $170.9 million, with recurring revenue growing by 19% from the same quarter in 2023. However, net income for the quarter was slightly down to $17.6 million compared to $19.0 million the previous year. For the full fiscal year 2024, the company reported a 19% increase in total revenue to $637.8 million and a net income growth of 17% to $77.1 million. Non-GAAP income per share also improved, rising to $3.48 from $2.85 in 2023. Looking ahead, SPS Commerce has projected continued strong performance with anticipated revenue growth of 19% to 20% for fiscal year 2025, supported by its competitive product portfolio and expansion efforts. The management remains optimistic about sustaining its profitable growth trajectory.
