Strong Revenue Growth
For the full year 2024, revenue grew 19% to $637.8 million, with recurring revenue increasing by 20%.
Strategic Acquisitions
SPS Commerce expanded its product portfolio with the acquisitions of Vision33's SAP Business One integration technology, Traverse Systems, SupplyPike, and Carbon6, strengthening its network and market position.
Customer Success Stories
Successful partnerships with major clients like Canadian Tire and GNC, resulting in improved supply chain operations and compliance rates.
Global Market Opportunity
SPS Commerce identified a total addressable market of $11.1 billion globally, with $6.5 billion in the U.S.
Positive Financial Outlook
Projected revenue growth for 2025 is between 19% to 20%, with adjusted EBITDA expected to grow by 22% to 24%.