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. (VERX) delivers innovative tax technology solutions that power global compliance for businesses navigating complex indirect tax regulations. This dedicated news hub provides investors and professionals with authoritative updates on the company's strategic initiatives and market position.
Access real-time announcements including earnings disclosures, product enhancements, partnership developments, and regulatory compliance insights. Our curated collection serves as a definitive source for understanding how Vertex addresses evolving challenges in tax automation and enterprise resource integration.
Key updates cover critical areas such as cloud platform expansions, cross-border tax management innovations, and strategic collaborations with leading ERP providers. The repository enables stakeholders to track Vertex's role in transforming tax functions from compliance obligations to strategic business assets.
Bookmark this page for streamlined access to official Vertex communications and analysis of their impact on the tax technology sector. Regular updates ensure you maintain current awareness of developments affecting global tax automation solutions.
Research by Vertex highlights the challenges and opportunities in indirect tax management for finance professionals in 2022. Over 75% of finance leaders express concerns about scalability hindered by indirect tax complexities. Notably, 68% prioritize frictionless commerce, as many organizations expand their transaction territories. However, over 50% face delays in VAT/sales tax calculations, primarily due to inefficient manual processes. A significant 47% lack adequate indirect tax capabilities to navigate evolving regulations. The study emphasizes the importance of automation in tax management for business growth.
Vertex, Inc. has been named a finalist for the 2022 SAP Pinnacle Award in the SAP Store category, recognizing its strong partnership with SAP. This acknowledgment highlights Vertex's 25+ year collaboration with SAP, focusing on providing indirect tax solutions integrated with SAP Business Technology Platform. Vertex's offerings, including Indirect Tax O Series 9.0 and Chain Flow Accelerator, are certified for integration with SAP S/4HANA. The awards celebrate partners' innovation and customer support, reflecting Vertex's commitment to enhancing customer success.
Vertex, Inc. (NASDAQ: VERX) reported Q1 2022 revenues of $115.0 million, a 17% increase year-over-year. Software subscription revenues rose 16.6% to $97.1 million, while cloud revenues soared 42.1% to $38.3 million. Annual Recurring Revenue (ARR) reached $380.6 million, up 18.9% year-over-year. Despite strong revenue growth, the company reported a net loss of $0.3 million, and Adjusted EBITDA decreased to $19.1 million. For Q2 2022, Vertex expects revenues between $116.0 million and $117.5 million.
Vertex, Inc. (NASDAQ:VERX), a leading provider of indirect tax solutions, has announced its first quarter 2022 earnings release scheduled for May 10, 2022, before the market opens. A conference call will follow at 8:30 a.m. ET. Additionally, CEO David DeStefano and CFO John Schwab will present at several upcoming investor conferences in June 2022, including the Jefferies Software Conference and the William Blair Growth Stock Conference. The company continues to expand its reach, providing tailored tax solutions to global businesses.
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.
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