Welcome to our dedicated page for Vertex news (Ticker: VERX), a resource for investors and traders seeking the latest updates and insights on Vertex stock.
Vertex, Inc. (NASDAQ: VERX) is a global provider of indirect tax technology, and the VERX news page on Stock Titan aggregates company updates, press releases, and market-facing announcements related to its tax software business. Vertex focuses on software, content, and services that support indirect tax types such as sales and consumer use tax, value added tax, and payroll-related indirect tax, and its news flow reflects developments in these areas.
Investors and professionals following VERX can use this page to review earnings announcements and financial outlook updates, which the company typically reports through press releases and related Form 8-K filings. These items include quarterly financial results, commentary on subscription and cloud revenue trends, and information about stock repurchase authorizations and credit agreement amendments that affect capital allocation.
The Vertex news stream also highlights product and technology milestones. Recent releases describe AI-native and AI-driven tax automation solutions, such as Kintsugi powered by Vertex, as well as AI-enabled tools and integrations like the Vertex Configuration Agent for Microsoft Dynamics 365 and Vertex Accelerator for Oracle’s ERP offering. These announcements provide insight into how Vertex is embedding artificial intelligence and automation across the tax lifecycle and expanding its ecosystem relationships.
Another category of news focuses on strategic partnerships and leadership developments. Examples include expanded collaborations with CPA.com to support accounting firms’ sales tax compliance services, and leadership appointments such as the new Senior Vice President and Regional Manager of Europe and the succession of a new Chief Executive Officer and President. These items give context on Vertex’s regional strategy, governance, and long-term positioning in the indirect tax technology market.
By reviewing the VERX news page regularly, readers can track how Vertex communicates its financial performance, product evolution, AI initiatives, partnerships, and executive changes, all of which are documented in official company press releases and related filings.
Vertex, Inc. (NASDAQ:VERX) highlights key tax trends for 2022, indicating a shift towards transaction-based revenue streams as states seek to replace income tax for stability. The company notes that 197 new district taxes were enacted in the U.S. in the past year, with ongoing increases in sales tax rates. Globally, jurisdictions are digitizing tax compliance, while U.S. states are considering electronic invoicing and data taxation. Vertex aims to support businesses in navigating these evolving tax environments.
Vertex, Inc. (NASDAQ: VERX) reported its Q4 and full-year 2021 financial results, showing a 12.2% year-over-year revenue growth to $111.7 million in Q4 and 13.6% growth to $425.5 million for the full year. Cloud revenues surged by 38.9% in Q4 and 46.0% for the year. The company experienced a net loss of $0.6 million in Q4, but Non-GAAP net income was $12.0 million. Vertex anticipates Q1 2022 revenues between $112.5 million and $113.5 million, and full-year revenues of $479 million to $483 million, indicating continued growth despite expected decreases in Adjusted EBITDA.
Vertex, Inc. (NASDAQ:VERX) will announce its fourth quarter and full-year 2021 earnings on March 9, 2022, prior to market opening. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can join via the Company's Investor Relations website or by phone. Vertex provides indirect tax software and solutions globally, helping businesses comply with tax regulations. With over 1,300 professionals, Vertex specializes in tailored solutions for sales, value-added, and payroll tax compliance.
Vertex, Inc. (NASDAQ:VERX) recently announced the certification of its Vertex Indirect Tax Chain Flow Accelerator by SAP for integration with SAP S/4HANA®. This integration allows businesses to automate value-added tax (VAT) treatment in their SAP systems. Vertex's long-standing partnership with SAP, spanning over 20 years, emphasizes their commitment to enhancing customer experience. The certified solution complements Vertex® Indirect Tax O Series 9.0, also certified for the Brazilian market, showcasing Vertex's comprehensive offerings tailored for diverse business needs.
Dooap has integrated its Accounts Payable (AP) automation solution with Vertex, Inc. to enhance tax compliance within Microsoft Dynamics 365 Finance. This integration allows companies to automate tax management, improving efficiency and customer experience. The seamless technology ensures consistent and accurate tax updates, complying with regulatory changes without manual tracking. Vertex's tax engine will assist users in managing complex tax landscapes within their ERP systems, benefiting Dynamics 365 Finance customers.
Vertex, Inc. (NASDAQ:VERX) has launched its new Vertex Indirect Tax O Series Edge cloud solution, enhancing tax management for global retailers. This solution allows omnichannel retailers to automate and deploy tax engines in real-time during transactions, boosting performance and scalability. Vertex O Series Edge aims to meet the growing demand for efficient tax compliance amid changing regulations. The technology facilitates local tax calculations, ensuring efficient customer experiences during transactions.
Vertex, Inc. (NASDAQ:VERX) announced that its Vertex Indirect Tax O Series 9.0 solution has received certification from SAP as built on the SAP Business Technology Platform (BTP). This enhancement aims to support the complex tax requirements for companies in Brazil, ensuring that Vertex solutions meet SAP standards. The certification allows businesses using SAP technologies to automate intricate tax scenarios confidently. Vertex is a leading provider of indirect tax software, helping organizations navigate over 19,000 tax jurisdictions worldwide.
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Vertex, Inc. (NASDAQ: VERX) reported a third-quarter 2021 revenue of $110.7 million, marking a 17.0% increase year-over-year. Software subscription revenues grew to $92.3 million (up 15.7%), while cloud revenue surged 45.6% to $33.3 million. The company posted a net loss of $(3.9) million, less than the $(21.0) million loss from the previous year. For Q4 2021, Vertex expects revenues between $108 million and $110 million, and a decrease in adjusted EBITDA. Full-year guidance predicts $422 million to $424 million in revenues, reflecting 12.6% to 13.2% growth.
Vertex, Inc. (NASDAQ:VERX) announced it will release its third quarter 2021 earnings on November 10, 2021, before market opens, followed by a conference call at 8:30 a.m. Eastern Time. The company will also participate in the Needham Virtual Growth Conference on November 18, 2021, featuring CEO David DeStefano and CFO John Schwab. Vertex specializes in tax technology solutions, aiming to enable global businesses to comply and grow confidently.