SPS Commerce, Inc. (NASDAQ:SPSC) Q3 2022 Earnings Conference Call October 27, 2022 4:30 PM ET

Company Participants

Irmina Blaszczyk - Investor Relations, The Blueshirt Group

Archie Black - CEO

Kim Nelson - Executive Vice President & Chief Financial Officer

Conference Call Participants

Matthew Pfau - William Blair

Scott Berg - Needham

Parker Lane - Stifel

Joseph Vruwink - Baird

Jeff Van Rhee - Craig-Hallum

Mark Schappel - Loop Capital

Nehal Chokshi - Northland Capital Markets

Operator

Good afternoon. and welcome to the SPS Commerce Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Irmina Blaszczyk, Investor Relations for SPS Commerce. Please go ahead.

Irmina Blaszczyk

Thank you, Gary. Good afternoon, everyone, and thank you for joining us on SPS Commerce third quarter 2022 conference call. We will make certain statements today, including with respect to our expected financial results, go-to-market strategy and efforts designed to increase our traction and penetration with retailers and other customers. These statements are forward-looking and involve a number of risks and uncertainties that could cause actual results to differ materially.

Please note, these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to our SEC filings, specifically our Form 10-K as well as our financial results press release for a more detailed description of the risk factors that may affect our results. These documents are available on our website spscommerce.com, and at the SEC's website sec.gov. In addition, we are providing a historical data sheet for easy reference on our Investor Relations section of our website spscommerce.com.

During our call today, we will discuss adjusted EBITDA financial measures and non-GAAP income per share. In our press release and our filings with the SEC, each of which is posted on our website, you will find additional disclosures regarding these non-GAAP financial measures, including reconciliations of these measures with comparable GAAP measures.

And with that, I will turn the call over to Archie.

Archie Black

Thanks, Irmina, and welcome everyone. SPS continues to deliver strong results as retail dynamics and increasing supply chain complexity amplify the need for automation. With double-digit revenue growth in fulfillment and analytics, total revenue grew 17% to $114.5 million, and recurring revenue grew 18%. Suppliers and brands of all sizes are benefiting from automating their processes with trading partners to improve efficiencies throughout the order fulfillment workflow, enable scale and international expansion and increased assortment.