Description

SPS Commerce: Is The Robust Recurring Revenue Growth Here To Stay?

SPS Commerce delivered a strong performance in the first quarter of fiscal year 2025. The company’s revenue grew by 21% year-over-year to $181.5 million, marking its 97th consecutive quarter of revenue growth. Recurring revenue also saw a 23% increase, underscoring the stability and consistent demand for SPS Commerce’s solutions. The company added approximately 8,500 new customers from its recent acquisition of Carbon6, exceeding its initial estimate of 6,500, which positively impacted the overall customer count.

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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