The following is a summary of the SPS Commerce, Inc. (SPSC) Q1 2024 Earnings Call Transcript:

Financial Performance:

• SPS Commerce reported Q1 revenue at $149.6 million, marking a 19% increase from last year, their 93rd consecutive revenue growth quarter.

• The adjusted EBITDA also saw a 20% growth to $44.4 million.

• The company expects the Q2 2024 revenue to range from $150.9 million to $151.7 million, indicating a 16% YoY growth.

• The anticipated revenue for the full year 2024 lies between $619.9 million and $621.9 million, signifying approximately a 15% to 16% YoY growth.

Business Progress:

• SPS Commerce is expanding their network with new channel partnerships and ERP integration technology acquisitions.

• They are also focusing on areas of growth such as automation, supply chain resilience, and retail trend analysis, supported by partnerships with key players like Canadian Tire and GNC.

• The company's recent community enablement campaign and acquisition of TIE Kinetix contributed to their solid business performance.

• The company is also investing heavily in supply chain solutions due to industry disruptions and changing consumer expectations, promising continued technology investments.

• The company's growth prospects are positive with an expected growth rate of 15% or higher.

More details: SPS Commerce IR

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