SPS Commerce Reports Q1 Earnings with Revenue Growth, Share Repurchases, and AI Expansion
SPS Commerce reported first-quarter revenue of $192.1 million (+6% Y/Y), driven by recurring and fulfillment revenue growth. The company used nearly all free cash flow for share repurchases under a buyback program up to $300 million. Management noted ongoing challenges in Amazon-related recovery business due to policy changes, but highlighted AI expansion with its beta agent MAX.
Topics: AI Amazon buybacks earnings revenue subscription model