SPS Commerce, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023
October 26, 2023 at 04:07 pm EDT
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SPS Commerce, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the quarter, the company expects revenue is expected to be in the range of $142.2 million to $143.2 million. Net income per diluted share is expected to be in the range of $0.40 to $0.42, with fully diluted weighted average shares outstanding of 37.7 million shares.
For the year, the company's revenue is expected to be in the range of $534.2 million to $535.2 million, representing 18% to 19% growth over 2022. Net income per diluted share is expected to be in the range of $1.65 to $1.67, with fully diluted weighted average shares outstanding of 37.5 million shares.
SPS Commerce, Inc. is a provider of cloud-based supply chain management services that supports retailers, grocers, distributors, suppliers, and logistics firms to communicate and collaborate by simplifying how they manage and share item, order, and sales data across omnichannel retail channels. The Company's products include Fulfillment, Analytics and Other products. Fulfillment product is a full-service electronic data interchange (EDI) solution that scales as a business grows. Analytics product enables organizations to improve visibility into how products are selling through a single connection across all sales channels, including wholesale, eCommerce, and marketplaces. The Company provide several complementary products, such as assortment, and community. In addition to these offerings, it also provides one-time services such as professional services and testing and certification. It provides supply chain digitalization including EDI and e-invoicing in Europe and the United States.
SPS COMMERCE, INC. 
