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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KING OF PRUSSIA, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced the date for the release of its third quarter 2021 earnings and its participation in an upcoming investor conference.

Vertex Announces Third Quarter 2021 Earnings Release and Conference Call Date; Participating in an Upcoming Investor Conference

KING OF PRUSSIA, Pa., Sept. 24, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) and its subsidiaries, (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced that it has acquired LCR-Dixon Corporation, a specialized expert in SAP technologies and leading provider of tax intelligence solutions.

Vertex Acquires LCR-Dixon to Expand Global Tax Automation Portfolio

First indirect tax software provider to achieve Fulfilled by Acumatica and Certified Application status First indirect tax software provider to achieve Fulfilled by Acumatica and Certified Application status

Vertex Expands Relationship with Acumatica

Vertex (VERX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Vertex (VERX): Can Its 9.8% Jump Turn into More Strength?

Report reveals rapid acceleration of new tax laws as city and district taxes continued to spike in July Report reveals rapid acceleration of new tax laws as city and district taxes continued to spike in July

Vertex Mid-Year Report Shows Sales Tax Rates and Rules Changes Poised for Record Year

Oracle

AUSTIN, Texas, Aug. 12, 2021 /PRNewswire/ -- Oracle today announced that Vertex, Inc. (NASDAQ: VERX), a strategic partner and trusted global provider of indirect tax technology solutions, has seen a significant increase in customer adoption on Oracle Cloud Infrastructure (OCI) over the last 12 months. Joint global customers leveraging Vertex Indirect Tax O Series solutions integrated with their Oracle applications have seen a 35 percent performance boost on OCI versus other environments.

Vertex Continues Industry Leadership with Oracle as a Preferred Cloud Infrastructure Partner

Vertex, Inc. (VERX) CEO David DeStefano on Q2 2021 Results - Earnings Call Transcript

Vertex (VERX) delivered earnings and revenue surprises of 60.00% and 5.28%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Vertex (VERX) Surpasses Q2 Earnings and Revenue Estimates

KING OF PRUSSIA, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced financial results for its second quarter ended June 30, 2021.

Vertex Announces Second Quarter 2021 Financial Results

KING OF PRUSSIA, Pa., July 21, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced the date for the release of its second quarter 2021 earnings and its presentations at upcoming investor conferences.

Vertex Announces Second Quarter 2021 Earnings Release and Conference Call Date; Presenting at Upcoming Investor Conferences

KING OF PRUSSIA, Pa., July 06, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries, (“Vertex” or the “Company”), a global provider of tax technology solutions, announced its Taxamo Assure by Vertex® solution that facilitates and enhances the successful completion of online sales by e-commerce sellers. The Assure solution enables such sellers to ensure that their covered sales are in full compliance with the complex process of value-added tax (VAT) calculation and reporting obligations for parcels worth €150 or less, as new VAT rules for e-commerce transactions to the EU went into effect July 1, 2021.

Vertex Introduces Taxamo Assure Solution for Online Sales Under New EU VAT E-Commerce Rules

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Solution simplifies compliance for new European Union VAT e-commerce regulations Solution simplifies compliance for new European Union VAT e-commerce regulations

Vertex Expands Partnership and Releases Integration for Mirakl Marketplace Platform with Full VAT Support

Vertex solution certified by Coupa to extend source-to-pay, invoice and compliance capabilities Vertex solution certified by Coupa to extend source-to-pay, invoice and compliance capabilities

Vertex Announces Certified Integration for Coupa Business Spend Management Platform

Tax automation solution built exclusively for auto leasing operations Tax automation solution built exclusively for auto leasing operations

Vertex Strengthens Partnership with Alfa for Indirect Tax Compliance

Vertex delivered Q1 results which already started to outpace the cautious guidance issued in the Q4 report.

We're At Buy On Vertex, Inc

Vertex's (VERX) CEO David DeStefano on Q1 2021 Results - Earnings Call Transcript

KING OF PRUSSIA, Pa., May 13, 2021 (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, 2021.

Vertex Announces First Quarter 2021 Financial Results

European specialist in tax automation for e-commerce and marketplaces European specialist in tax automation for e-commerce and marketplaces

Vertex Acquires Taxamo to Expand Global Commerce and Compliance Solutions

Executive Leadership to Advance Company's Global Workforce Strategy Executive Leadership to Advance Company's Global Workforce Strategy

Vertex Welcomes Dynamic Leader Yvette C. Burton, Ph.D.

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Tax software business Vertex has suffered a fall from grace of late. In part reflective of underlying product risk, partly self-inflicted in guidance, and in part a beating handed out by Morgan Stanley, the stock now sits at its lowest since IPO.

Vertex At The Nadir

Cloud solution simplifies global tax determination for Oracle Cloud ERP customers Cloud solution simplifies global tax determination for Oracle Cloud ERP customers

Vertex Introduces Indirect Tax Accelerator for Oracle Fusion Cloud ERP

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Relationship further supports growing compliance requirements amid the rapid acceleration of e-commerce industry Relationship further supports growing compliance requirements amid the rapid acceleration of e-commerce industry

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