Reported about 8 hours ago
SPS Commerce (NASDAQ:SPSC) shares dropped by 14% following the announcement of its fourth-quarter earnings, coinciding with concerns over slowing organic growth under new CEO Chad Collins. The market was also affected by broader equity declines due to geopolitical tensions and technology sector earnings worries, with SPS Commerce losing 23.53% in value over the past year. Despite a resilient revenue growth of 21% in Q1 2025, investor skepticism about future growth strategies and a shift towards wallet share expansion instead of new customer acquisition has cast uncertainty on its prospects.
Source: YAHOO