SPS Commerce Q2 2023 Earnings Report

SPS Commerce EPS Results

• Actual EPS: $0.42
• Consensus EPS: $0.37
• Beat/Miss: Beat by +$0.05
• One Year Ago EPS: N/A

SPS Commerce Revenue Results

• Actual Revenue: $130.42 million
• Expected Revenue: $128.50 million
• Beat/Miss: Beat by +$1.92 million
• YoY Revenue Growth: N/A

SPS Commerce Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: N/A

SPS Commerce (NASDAQ:SPSC) provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment, an electronic data interchange solution that scales as a business grows, where companies use a single system to manage orders and logistics from various sales channels, including wholesale, eCommerce, and marketplaces; and Analytics product that enables organizations to enhance visibility into how products are selling through a single connection across various sales channels, including wholesale, eCommerce, and marketplaces, as well as enhances access and usage of sales and inventory data through a combination of analytics applications, network of connections, and industry-leading expertise. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies; and community product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management and onboarding programs. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.