Vertex, Inc.

Vertex, Inc. engages in the provision of tax compliance software solutions. The firm offers comprehensive solutions that automate end-to-end indirect tax processes for enterprises and mid-market companies with complex tax transactions. Its software enables tax determination, data management, compliance and reporting, and document management. The company was founded by Ray Westphal and Antoinette Westphal in 1978 and is headquartered in King of Prussia, PA.

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Vertex, Inc. reports record Q4 earnings, eyes European growth

Vertex, Inc. delivered a strong performance in Q4 2022, showcasing record revenues and positive free cash flow. The company's strategic investments in technology, partnerships, and global expansion position it for continued growth. Challenges include navigating emerging technologies and evolving customer trends, while opportunities lie in Europe's growth potential and cloud adoption drivers.

Vertex, Inc. reports robust Q1 earnings, eyes growth through partnerships

Vertex, Inc. delivered strong financial performance in Q1 2023, showcasing revenue growth and strategic investments. The company's focus on partnerships, automation, and market strength positions it well for future growth. Challenges with ERP costs and pricing dynamics are being managed, while opportunities in cross-selling and cloud revenue growth are being pursued.

Vertex, Inc. reports record Q2 revenue and NRR growth

Vertex, Inc. delivered a strong Q2 performance, exceeding revenue targets and achieving record-high NRR, driven by strategic growth initiatives and strong partnerships.
While facing challenges such as increased costs and margin improvement targets, Vertex's focus on operational efficiency, customer-centric strategies, and market expansion positions it well for sustained growth.
With opportunities in ERP modernization, AI integration, and strategic partnerships, Vertex is poised to capitalize on market trends, enhance financial performance, and drive innovation-led growth.
Overall, Vertex's financial strength, operational efficiency, and strategic foresight underscore its position as a market leader in driving revenue growth and customer value.

Vertex, Inc. reports robust Q3 earnings, eyes cloud migration growth

Vertex, Inc. delivered strong Q3 results with revenue and adjusted EBITDA growth, driven by key metrics and strategic investments in new markets and products.
Challenges include managing nonrecurring CapEx spend, ensuring cash flow conversion, and addressing pricing tier impacts from customer expansions.
Opportunities lie in cloud migration, partnerships with key players like Shopify, and a focus on execution to drive operating leverage and margin performance in 2024.
Overall, Vertex's focus on customer success, innovation, and partnerships positions them well for continued growth and revenue expansion in the coming quarters.

Vertex, Inc. reports stellar Q4 results, eyes growth opportunities

Vertex, Inc. delivered a strong Q4 performance in 2023, exceeding revenue guidance and achieving significant growth in adjusted EBITDA and key metrics like ARR and NRR. The company's strategic investments and notable wins position it well for future growth.
Despite challenges like deferred revenue growth slowdown and true-ups impacting past revenue, Vertex remains confident in its trajectory. Opportunities in business changes, digital transformations, and AI investments offer avenues for sustained growth and value creation.
With a focus on R&D, partnerships with industry leaders, and a solid outlook for 2024, Vertex, Inc. is poised for continued success. The company's emphasis on organic growth, M&A potential, and margin improvement align with its commitment to long-term shareholder value.

Vertex, Inc. excels in Q1 2024, eyes growth in e-invoicing

Vertex, Inc.'s Q1 2024 performance exceeded expectations, showcasing strong revenue growth and profitability.
The company's strategic strengths lie in its market leadership, client wins, and differentiated SAP partnership.
While regulatory challenges persist, Vertex is well-positioned to capitalize on growth opportunities in e-invoicing and international markets.
Investments in AI and data management underscore Vertex's commitment to innovation and regulatory compliance.

Vertex Inc. reports robust Q2 earnings, eyes growth opportunities

Vertex Inc.'s Q2 2024 earnings call highlighted strong financial performance, strategic acquisitions, and positive customer metrics.
The company's focus on technology leadership, customer value, and revenue growth opportunities positions it for continued success.
Challenges in revenue growth expectations, market dynamics, and strategic alignment with SAP ecosystem require attention for sustained growth.

Vertex Inc. reports robust Q3 earnings and strategic growth focus

Vertex Inc.'s Q3 performance reflects strong financial results, strategic wins, and a focus on driving revenue growth and profitability.
While challenges lie in the short-term impact of the ecosio acquisition on EBITDA, Vertex's strengths in market positioning and strategy execution bode well for future success.
Opportunities abound for Vertex to capitalize on market trends, expand its customer base, and optimize synergies post-acquisition for sustained growth.

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Report Reveals Average U.S. Sales Tax Rate Reaches All-Time High Report Reveals Average U.S. Sales Tax Rate Reaches All-Time High

Vertex Mid-Year Report Highlights Rising Volatility in Sales Tax Rates

KING OF PRUSSIA, Pa., July 19, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a leading global technology provider of indirect tax solutions, today announced the date for the release of its second quarter 2022 earnings and presentation at an upcoming investor conference.

Vertex Announces Second Quarter 2022 Earnings Release and Conference Call Date; Presenting at an Upcoming Investor Conference

LONDON, July 12, 2022 (GLOBE NEWSWIRE) -- A fragile yet prosperous business economy has encouraged finance leaders to identify new opportunities for growth in 2022. Yet, according to research by Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, over three-quarters of senior finance professionals are concerned scalability will be impeded by the complexities caused by indirect tax liability and financial process inefficiencies.

Research Shows Tax Compliance Issues Hinder E-Commerce Growth

Oracle Recognizes Vertex's Leadership and Innovation in Tax Technology for the Oracle Ecosystem Oracle Recognizes Vertex's Leadership and Innovation in Tax Technology for the Oracle Ecosystem

Vertex Wins the 2021 Oracle Change Agents Award – Visionary Award for ERP ISV Partner of the Year

KING OF PRUSSIA, Pa., May 23, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. today announced that it has been recognized by SAP as a finalist for a 2022 SAP® Pinnacle Award in the SAP Store category. The annual SAP Pinnacle Awards acknowledge the contributions of leading SAP partners that have excelled in developing and growing their partnership with SAP and helping customers meet their goals. Finalists and winners in 22 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators.

Vertex, Inc. Named a Finalist for 2022 SAP® Pinnacle Award in the SAP Store Category

Vertex, Inc. (NASDAQ:VERX ) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Ankit Hira - Investor Relations David DeStefano - Chief Executive Officer John Schwab - Chief Financial Officer Conference Call Participants Matt Stotler - William Blair Joshua Reilly - Needham Andrew DeGasperi - Berenberg Samad Samana - Jefferies Joey Marincek - JMP Brad Reback - Stifel Daniel Jester - BMO Operator Greetings, and welcome to Vertex, Inc. First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Vertex, Inc. (VERX) CEO David DeStefano on Q1 2022 Results - Earnings Call Transcript

Vertex (VERX) delivered earnings and revenue surprises of 33.33% and 1.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Vertex (VERX) Q1 Earnings and Revenues Surpass Estimates

KING OF PRUSSIA, Pa., May 10, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced financial results for its first quarter ended March 31, 2022.

Vertex Announces First Quarter 2022 Financial Results

KING OF PRUSSIA, Pa., April 19, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a leading global technology provider of indirect tax solutions, today announced the date for the release of its first quarter 2022 earnings and presentations at upcoming investor conferences.

Vertex Announces First Quarter 2022 Earnings Release and Conference Call Date; Presenting at Upcoming Investor Conferences

KING OF PRUSSIA, Pa., April 04, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, outlines tax trends for 2022. Corporate tax departments should expect continued transaction tax complexity and these taxes will continue to be an increasingly convenient and effective way for state and local tax jurisdictions to raise revenue. In addition, tax audits around the globe have returned to pre-pandemic levels.

Vertex Highlights Global Indirect Tax Trends for 2022

Vertex, Inc. (VERX) CEO David DeStefano on Q4 2021 Results - Earnings Call Transcript

Vertex (VERX) delivered earnings and revenue surprises of 60% and 2.44%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Vertex (VERX) Beats Q4 Earnings and Revenue Estimates

KING OF PRUSSIA, Pa., March 09, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced financial results for its fourth quarter and full year ended December 31, 2021.

Vertex Announces Fourth Quarter and Full Year 2021 Financial Results

Vertex Pharmaceuticals

Vertex Pharmaceuticals, Inc. (VRTX) Presents at Cowen Health Care Broker Conference Call - (Transcript)

Vertex Energy

Vertex Energy, Inc. (VTNR) CEO Ben Cowart On Q4 2021 Results - Earnings Call Transcript

Vectrus

Vectrus Inc (NYSE: VEC) entered a definitive agreement to combine with The Vertex Company in an all-stock merger. Vertex Company is headquartered in Madison, Mississippi, and employs ~6,000 employees.

Vectrus Agrees To Merge With Vertex

Vectrus Inc. VEC, +0.98% announced Friday an agreement in which the facility and logistics services company will merge with Vertex Co., in a deal that values Vertex at about $2.1 billion. Vectrus stock, which was still inactive in premarket trading.

Vectrus to merge with Vertex in a deal valuing Vertex at $2.1 billion

KING OF PRUSSIA, Pa., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a leading global technology provider of indirect tax solutions, today announced it will release fourth quarter and full-year 2021 earnings before the market opens on March 9, 2022. A conference call to discuss its results will follow at 8:30 a.m. Eastern Time that same day.

Vertex Announces Fourth Quarter and Full-Year 2021 Earnings Release and Conference Call Date

KING OF PRUSSIA, Pa., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today that its Vertex® Indirect Tax Chain Flow Accelerator is certified by SAP for integration with SAP S/4HANA®. The integration enables customers to achieve fully automated and consistent value added tax (VAT) treatment with their SAP S/4HANA software.

Vertex Indirect Tax Chain Flow Accelerator Is Certified by SAP® for Integration with SAP S/4HANA®

AUSTIN, Texas--(BUSINESS WIRE)--Dooap has integrated its Accounts Payable automation solution with a tax compliance solution from Vertex, Inc.

Dooap Integrates Vertex Tax Compliance Solution with its Accounts Payable Automation

Vertex Pharmaceuticals, Inc. (VRTX) CEO Reshma Kewalramani on Q4 2021 Results - Earnings Call Transcript

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New offering streamlines management of tax compliance at the point of need New offering streamlines management of tax compliance at the point of need

Vertex Unveils Edge Computing Tax Solution

Vertex went public in June 2020, raising $402 million in a U.S. IPO. The firm sells software and services to companies needing a variety of tax calculation and compliance solutions.

Vertex Grows Moderately And Looks Fairly Valued

KING OF PRUSSIA, Pa., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today that its Vertex® Indirect Tax O Series® 9.0 solution is certified by SAP as built on SAP Business Technology Platform (SAP BTP), SAP's platform for the Intelligent Enterprise. The solution has been enhanced to specifically support the tax requirements for companies operating in Brazil.

News for Vertex, Inc. Stock (VERX)