A Cloud Name to Watch: SPS Commerce (SPSC) by TechStockProspector


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									Robert DeFrancesco’s
March 15, 2013

A Cloud Name to Watch: SPS Commerce (SPSC)
NOW AVAILABLE: The March 2013 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the March 2013 issue:

*The tech sector’s earnings season winners
*Workday takes on legacy software vendors
*Imperva & Guidewire Software raise guidance
*Infoblox broadens its portfolio into security
*Electronic Arts on the rebound
*International expansion propels Sourcefire
*Qlik Technologies recovers thanks to larger deals
*Is BroadSoft now a networking rebound play?
*Acquisitions are paying off for ValueClick
*Aruba Networks sees accelerated growth
*Salesforce battles Oracle in the marketing cloud
*Why some smart investors like Splunk now
*Proofpoint moves security to the cloud
*Various growth drivers in place at Google
*Harmonic attracts an activist investor
*Deal Report: JDS Uniphase buys Arieso

Order the March 2013 issue here: http://www.amzn.com/B004T6Z0ME


A small-cap cloud name to keep an eye on in 2013: SPS Commerce (SPSC, $39.42), a
provider of supply chain management solutions. The company is coming off a good
year, as its share price in 2012 advanced more than 43% on revenue growth of 33%.
The stock is near its 52-week high of $41.32.

In Q4, revenue rose 42%, driven by 47% growth in recurring revenue. For 2013,
analysts on average look for revenue to advance 27% to $98.3 million. With the
current market cap at $589 million, the forward price-to-sales ratio is 6x.

Suppliers, retailers and distributors use SPS Commerce’s on-demand software to
build their trading partner relationships and manage order flows within the retail
supply chain. The company’s SPSCommerce.net offering has been used by more than
45,000 customers in more than 40 countries, making it one of the largest trading
partner platforms.

Last August, SPS Commerce purchased Edifice, a provider of cloud-based supply
chain performance solutions that dispense detailed information on the products
that are selling the best in stores. The acquisition was a smart one because it
expanded SPS Commerce’s point-of-sale (POS) analytics solutions. POS analytics
offerings are driving the next wave of efficiency in the retail supply chain because
they allow for improved collaboration among retailers and suppliers, leading to
reduced inventory costs and potentially higher sales.


Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
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