SPS Commerce, Inc. (NASDAQ:SPSC) Q2 2022 Earnings Conference Call July 27, 2022 4:30 PM ET
Company Participants
Irmina Blaszczyk - Investor Relations
Archie Black - Chief Executive Officer
Kim Nelson - Executive Vice President and Chief Financial Officer
Conference Call Participants
Matthew Pfau - William Blair
Jeff Van Rhee - Craig-Hallum
Scott Berg - Needham & Company
Mark Schappel - Loop Capital
Parker Lane - Stifel
Nehal Chokshi - Northland Securities
Joe Goodwin - JMP Securities
Operator
Good day and thank you for standing by. Welcome to SPS Commerce Q2 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker for today, Irmina Blaszczyk. You may begin.
Irmina Blaszczyk
Thank you, Twanda. Good afternoon, everyone, and thank you for joining us on SPS Commerce second 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 that 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 and 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 at 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 earnings 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
Thank you, Irmina and welcome, everyone to SPS’ 50th earnings conference call. Solid performance in the second quarter was driven by ongoing momentum in EDI adoption. Demand for fulfillment and analytics remained strong with 17% and 12% year-over-year growth respectively. Total revenue grew 15% to $109.2 million and recurring revenue grew 16%. Adjusted EBITDA grew 13% to $30.9 million.