SPS Commerce, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 04:21 pm EST
Share
SPS Commerce, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 144.97 million compared to USD 122.02 million a year ago. Net income was USD 19.01 million compared to USD 15.92 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.43 a year ago.
For the full year, sales was USD 536.91 million compared to USD 450.88 million a year ago. Net income was USD 65.82 million compared to USD 55.13 million a year ago. Basic earnings per share from continuing operations was USD 1.8 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 1.76 compared to USD 1.49 a year ago.
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. 
