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Stock impact report

SPS Commerce Reports Second Quarter 2019 Financial Results

SPS Commerce, Inc. (SPSC) 
Last sps commerce, inc. earnings: 4/30 04:07 pm Check Earnings Report
Company Research Source: GlobeNewswire
MINNEAPOLIS, July 25, 2019 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the second quarter ended June 30, 2019. Revenue was $68.5 million in the second quarter of 2019, compared to $61.1 million in the second quarter of 2018, reflecting 12% growth in revenue from the second quarter of 2018. Recurring revenue grew 14% from the second quarter of 2018.  Net income in the second quarter of 2019 was $8.8 million or $0.49 per diluted share, compared to net income of $5.4 million or $0.31 per diluted share, in the second quarter of 2018. Non-GAAP income per diluted share was $0.60 compared to non-GAAP income per diluted share of $0.49 in the second quarter of 2018. Adjusted EBITDA for the second quarter of 2019 increased 36% to $16.4 million compared to the second quarter of 2018. “SPS Commerce delivered strong second quarter results driven by continued execution and robust demand for our full-service ED Show less Read more
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