05:13 AM EDT, 04/26/2024 (MT Newswires) -- SPS Commerce ( SPSC ) reported Q1 non-GAAP earnings Thursday of $0.86 per diluted share, up from $0.67 a year earlier.

Analysts surveyed by Capital IQ expected $0.74.

Revenue for the quarter ended March 31 was $149.6 million, up from $125.9 million a year earlier.

Analysts surveyed by Capital IQ expected $147 million.

For Q2, the retail industry supply chain software provider expects non-GAAP earnings of $0.75 to $0.76 per diluted share on revenue of $150.9 million to $151.7 million. Analysts polled by Capital IQ expect earnings of $0.78 on revenue of $151.8 million.

For 2024, the company expects non-GAAP earnings of $3.28 to $3.32 per diluted share on revenue of $619.9 million to $621.9 million. Analysts polled by Capital IQ expect earnings of $3.35 on revenue of $622.6 million.

Shares of the company were up more than 6% in recent Friday premarket activity.

Price: 179.80, Change: +10.37, Percent Change: +6.12