Irmina, welcome Thanks, and everyone.
health and fully these we a and serve and support with challenging times. thoughts committed our safety the are affected suppliers we priority coronavirus you're communities well that and and our and remain hope top customers in partners all everyone foremost, is by pandemic. and retailers safe the of The staying First employees, to our
to they to need. day ensure SPS Services able essentials are deliver absolutely critical day Commerce to our to we all the customers are
We tools are and enable processes anywhere years, and to deliver investments the than made world browser. we have more the over secure our systems cloud-native often and company service the us a with nothing in web and uninterrupted
customers of the are nature the needed. suppliers able a business providing as new onboarding to we remotely Due existing to model, and SaaS full-service experience operate promptly to
revenue grew grew For first million. XX% EBITDA the quarter, XX% revenue grew to to XX% $XX.X and adjusted million. Recurring $XX.X
mission-critical business. e-commerce service supply foodservice distributor Commerce recently retailers chain. at SPS central provides a about a and to We to a become automating their Foods, US a when with suppliers EDI engaged and their leading leveraging has time
realized in operations their electronic identified as critical to disrupt component processes industry, of US As to a all COVID-XX order fulfillment. Foods operations. They maintain to are to started that in EDI food electronic process move the requiring this effective suppliers crucial business
center Foods, US four enabling with to more years. own to it deliver XX directly the they on over retailers' Commerce have than last matter on Foods a signed product formed transact SPS weeks, our has suppliers In partnerships, sector stores. also have to grocery EDI their distribution US or
ensure to approximately orders fill up network hours. Costco's XXX been new their using same-day Many has work to Costco, we meet vendor inventory to and example, they help consumer need across demand. retailers of These to retailers the with and new are on expanding demand. on multi-channel relied has sourcing supply efficiencies setup, regularly past SPS increasing few weeks for and us and the within the United increasing partnerships further meet emphasize chain strategy vendors maintain the are for their over running for to add States
in We caused have operational from directives a online sales such sometimes new and mortar was an to same new at now working also E-commerce products onboarding home and government an masks. stay suppliers. quickly face our Stay with increase brick retailers have abrupt sale retail and adapt variety full-service, to able of of capabilities, products prompting integral also our relevant. decline of day shopping. onboarding to evaluate critical -- and suppliers part for necessary as to is been shift With SPS their speed essential Walgreens, critical lives, market efficiencies a to
of reduce like launched fulfillment, functionality them service we with part save carriers Canada. processing drop-ship manage shopping Commerce for helping all time SPS and rate in As major and costs batch suppliers with the orders, carrier to capability help US
March service, which fill Costco, was Beyond customers used fulfill Amazon, orders being Bed launched Bath is Depot, -- in to & Target. Home our just by Carrier and for
as with support pleased challenging are product's community We our this to strive we the environment. to acceptance date in trading
will SPS support for to And the in continue automation. We relationships need we has way improve impacting partner expect suppliers an can. committed Commerce dynamics amplify process trading current every the to and retailers
diverse economic implications experienced landscape. also demand. Commerce seeing has volume approximately a end half have SPS with a retailers transaction mindful evolving to capabilities the and our the the some our large consumer very across volume, we and industries we of network a see steady increased serve of and partners the suppliers markets, COVID-XX of decline. March, various since uncertainty have while retail seen e-commerce implementing impacts pandemic We and across of network of are adapting around and Across rapidly trading its network
seeing and increased automation drop-ship time, The dynamics for capabilities. implementing embracing of the evolve. this e-commerce situation continue demand retailers from are to At we
new has increase grocery retailers and in to suppliers for as exposure well resulted foodservice an chain as in supply grocery onboarding distributors. the Our of
and long-term are opportunities over These SPS trading to are XX,XXX partners. growing for our as the support network the demand that dynamics drive Commerce Solutions, we about optimistic continue we of
in the continued pressure pandemic the and enterprise its solutions the of and analytics of factoring ERP As the magnitude implementations. a the rest decline economy, we the of in duration retailers, on our for look at this growing possibility around a uncertainty in as on push-out demand impact we are such XXXX, and
negatively would of and All with are community. partners are we or model These control, protect cannot dynamics we well-positioned operational to -- predict provide to our our impact business. customers, cloud-native but our which support our
In summary, a continues to SPS be mission-critical the of chain. aspect supply global
to retail network is Our the vision be world's being realized.
for vital trading customers supporting disruption. and to supply retail for keeping would and solutions employees Our thank I ensuring do are of like all continuity communities. and business and chain crisis of during this work now our commitment connected, time partners is to The we our ongoing the our especially supply
our from in on and and April, our our on a crisis history than ever. company SPS as we of consistent We public needs, based Commerce XXth execution stronger emerge this customers' year believe will achieved ongoing focus
I'll over it that, to With Kim, discuss to our turn results. financial
