SPS Commerce just smashed Q2 earnings with solid single-digit growth, fueled by a strategic pivot toward “one-P” suppliers and the exit of their three-P recovery business. The real star? Their AI agent, MAX — trained on 25 years of supply chain data — now saves hours, prevents costly errors, and even takes automated actions, earning trust from clients like Branch Furniture. MAX is becoming the central hub for order management, slashing resolution times from days to minutes. Ahead, SPS is rolling out more autonomous AI agents, including AI-powered onboarding, with monetization expected by year-end — poised to boost ARPU and market reach. Financials are strong: $198M in revenue (+6% YoY), $66.6M adjusted EBITDA, and active share buybacks. Guidance remains bullish for sustained growth driven by core business and AI expansion.
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