Vertex Q2 2024 Earnings Report

Vertex EPS Results

• Actual EPS: $0.15
• Consensus EPS: $0.13
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: $0.04

Vertex Revenue Results

• Actual Revenue: $161.10 million
• Expected Revenue: $160.66 million
• Beat/Miss: Beat by +$440.00 thousand
• YoY Revenue Growth: +15.30%

Vertex Announcement Details

• Quarter: Q2 2024
• Date: 8/7/2024
• Time: Before Market Opens

Vertex (NASDAQ:VERX), together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; and managed services, including tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.