08:39 AM EST, 02/06/2025 (MT Newswires) -- Lightspeed Commerce ( LSPD ) on Thursday reported higher third-quarter adjusted profit and revenue.

Adjusted profit rose to US$18.5 million, or US$0.12 per share, from US$11.8 million, or US$0.08 per share last year.

Total revenue increased 17% to US$280 million.

Lightspeed also updated its fiscal 2025 outlook and is now expecting 20% revenue growth.

The company also reported the results of its strategic review. Highlights include boosting its go-to market strategy alongside local marketing expansion, investing in key growth areas including inventory management and supplier integration for retail in North America, and a $400 million share buyback program.

The company's shares were last seen down US$0.03, to US$14.47, in New York trading.