Vertex Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Vertex, Inc. - Class A (VERX)
Company Research
Source: Yahoo! Finance
tax solutions, today announced financial results for its first quarter ended March 31, 2024. “The year is off to a solid start, and I am very pleased with our financial performance in the first quarter,” stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. “Revenue traction is strong in the first quarter, with our cloud solutions leading the way, and we are seeing significant earnings leverage that is driving material growth in profitability as well as cash flow. The current momentum in our business, combined with our strengthened balance sheet following our recent successful convertible debt offering, give me confidence in our ability to continue to grow shareholder value.” First Quarter 2024 Financial Results Total revenues of $156.8 million, up 18.1% year-over-year. Software subscription revenues of $131.8 million, up 18.8% year-over-year. Cloud revenues of $61.8 million, up 28.3% year-over-year. Annual Recurring Revenue (“AR
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News
- Vertex Women Leading the Way: Four Honorees Named on CRN's 2024 Women of the Channel List [Yahoo! Finance]Yahoo! Finance
- Vertex Women Leading the Way: Four Honorees Named on CRN’s 2024 Women of the Channel ListGlobeNewswire
- Vertex Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Vertex, Inc. (NASDAQ: VERX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $45.00 price target on the stock.MarketBeat
- Vertex, Inc. Announces Closing of Upsized Offering of $345 Million Convertible Senior Notes [Yahoo! Finance]Yahoo! Finance
VERX
Earnings
- 5/8/24 - Beat
VERX
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/3/24 - Form DEFR14A
- VERX's page on the SEC website