Company delivers 92nd consecutive quarter of topline growth

Fourth quarter 2023 revenue and recurring revenue grew 19% from the fourth quarter of 2022

MINNEAPOLIS, Feb. 08, 2024 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the fourth quarter and year ended December 31, 2023.

SPS Commerce, Inc. has once again exceeded expectations by delivering its 92nd consecutive quarter of topline growth. This impressive milestone showcases the company’s commitment to innovation and excellence in the retail cloud services industry. The fourth quarter of 2023 saw a substantial increase in revenue and recurring revenue, with a growth of 19% from the same period in 2022.

This outstanding performance can be attributed to SPS Commerce’s dedication to providing top-notch services to its clients. By continuously improving and evolving their offerings, the company has been able to stay ahead of the competition and meet the ever-changing needs of the retail industry.

SPS Commerce’s success in the fourth quarter of 2023 is a testament to the hard work and dedication of its team. With a strong focus on customer satisfaction and technological innovation, the company is well-positioned for continued growth and success in the future.

How this will affect me

As a consumer, the success of SPS Commerce, Inc. can have a positive impact on your shopping experience. With their leadership in retail cloud services, you can expect more efficient and streamlined processes when making purchases online or in-store. This could result in faster delivery times, improved product availability, and overall better customer service.

How this will affect the world

The consistent growth and success of SPS Commerce, Inc. have broader implications for the retail industry as a whole. As a leader in the field, they are setting a high standard for other companies to follow, pushing the industry towards greater innovation and technological advancement. This could ultimately lead to a more competitive and dynamic retail landscape, benefiting both businesses and consumers worldwide.

Conclusion

In conclusion, SPS Commerce, Inc.’s impressive performance in the fourth quarter of 2023 is a clear indication of their leadership and dedication to excellence in the retail cloud services industry. As they continue to grow and innovate, the company’s success will have a positive impact on both consumers and the global retail market, shaping the future of shopping for years to come.