Description

SPS Commerce, Inc.: Is Its Community-Driven Business Model Sustainable? 

SPS Commerce posted strong financial results for Q4 2023, marking the 92nd consecutive quarter of revenue growth. Revenue for the full year grew 19% to $536.9 million, driven by a 20% growth in recurring revenue which was led by 20% growth in fulfillment and 10% growth in analytics. The number of recurring revenue customers also increased, reaching around 44,800.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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