SPS Commerce Reports First Quarter 2021 Financial Results
MINNEAPOLIS, April 29, 2021 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced financial results for the first quarter ended March 31, 2021. Revenue was $90.1 million in the first quarter of 2021, compared to $74.2 million in the first quarter of 2020, reflecting 21% growth in revenue from the first quarter of 2020. Recurring revenue grew 18% from the first quarter of 2020. Net income in the first quarter of 2021 was $10.2 million or $0.28 per diluted share, compared to net income of $9.5 million or $0.26 per diluted share, in the first quarter of 2020. Non-GAAP net income per diluted share was $0.43, compared to non-GAAP net inco
