$14.225
-0.074 (-0.52%)At close
VERX News
VERX Events
Vertex Appoints Chatelle Lynch as Chief People Officer
Vertex announced Chatelle Lynch as chief people officer, Carlos Mercuriali as senior VP and regional manager of Europe, and Bala Chandran as chief product and technology officer.
Vertex Reports Q2 Revenue of $203.97M, Exceeds Expectations
Reports Q2 revenue $203.97M, consensus $202.22M. "Vertex delivered solid second-quarter results, with revenue at the high end of our guidance and adjusted EBITDA exceeding our expectations," said Christopher Young, President and Chief Executive Officer. "The quarter demonstrated the durability of our business and the earnings leverage we can generate through greater operating focus and discipline. Customer retention remained stable, and e-invoicing momentum improved as enterprises prepare for expanding global mandates and seek more comprehensive compliance solutions."
Vertex Sees Q3 Adjusted EBITDA of $55M-$57M
Sees Q3 adjusted EBITDA $55M-$57M. The company said, "We are making tangible progress in the transformation of Vertex. Our "AI-First" strategy is beginning to improve the speed and efficiency of selected engineering and customer-delivery workflows, and we have strengthened our leadership team to accelerate product innovation, operational execution, and growth. While we have more work to do, we enter the second half with a stronger operating foundation and clear opportunities to create additional value for customers and stockholders."
Company Raises FY26 Adjusted EBITDA Outlook to $206-$210 Million
Consensus $827.25M. Raises FY26 adjusted EBITDA view to $206M-$210M from $202M-$208M. Sees FY26 cloud revenue growth 18%. John Schwab, Chief Financial Officer added, "Our second quarter performance reflects solid execution against our strategic and financial objectives. The consistency of our first-half results and the strength of our operating model increased our confidence in the full year, allowing us to narrow our revenue guidance range while raising our adjusted EBITDA outlook. We continue to focus on balancing growth investments with operating discipline, which we expect to result in expanding profitability and stronger cash generation in the third and fourth quarters."
Vertex Reports Q1 Revenue of $196.65M, Exceeds Expectations
Reports Q1 revenue $196.65M, consensus $194.82M. "We delivered a strong first quarter, with revenue and adjusted EBITDA above the higher end of our guidance as well as stability across customer demand and retention," said Chris Young, President and Chief Executive Officer of Vertex. "As we exited the quarter, we were encouraged by consistent customer behavior and solid execution across the business, even within a mixed macro environment."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.