SPS Commerce, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:05 pm EDT
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SPS Commerce, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 135.66 million compared to USD 114.49 million a year ago. Net income was USD 16.84 million compared to USD 15.86 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.43 a year ago.
For the nine months, sales was USD 391.95 million compared to USD 328.86 million a year ago. Net income was USD 46.81 million compared to USD 39.22 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 1.06 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. 
