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 (NASDAQ:VERX), a global tax technology solutions provider, has been named to Built In's 2025 Best Places to Work Awards, securing positions on both the '50 Best Remote Large Places to Work' and '100 Best Remote Places to Work' lists.
The recognition highlights Vertex's commitment to maintaining an exceptional remote-first workplace culture. The company's Chief People Officer, Ann Hollins, emphasized their focus on innovation, inclusivity, and employee well-being. Built In's selection process utilizes an algorithm that evaluates compensation, benefits, remote work opportunities, DEI programs, and other cultural initiatives.
Notable workplace programs at Vertex include Business Resource Groups (BRGs) for fostering community and belonging, and the Global Day of Service initiative, which enables employees across different work environments to connect through community service. Built In's CEO Maria Christopoulos Katris acknowledged the company's dedication to creating an environment where both individuals and innovation can flourish.
Vertex (NASDAQ:VERX) has been recognized as a Leader in three IDC MarketScape reports for 2024, covering tax automation software across enterprise, SMB, and VAT segments. The recognition encompasses SaaS and cloud-enabled solutions for sales and use tax automation, as well as value-added tax management applications.
This achievement builds upon previous leadership recognitions from IDC MarketScape in 2021 and 2019. According to IDC's Senior Director Kevin Permenter, Vertex distinguishes itself through deep expertise in enterprise-level tax software, offering industry-leading content and real-time reporting capabilities.
The company's CEO David DeStefano emphasized their mission to empower businesses with leading tax technology and simplify compliance in an increasingly complex tax environment.
Vertex (NASDAQ:VERX), a global tax technology solutions provider, has announced its participation in the Wells Fargo 8th Annual TMT Summit. CEO David DeStefano and CFO John Schwab will engage in a fireside chat scheduled for Wednesday, December 4, 2024, at 2:15 PM Pacific Time. Interested parties can access both the live webcast and replay of the discussion through Vertex's investor relations website at ir.vertex.com.
Vertex Inc (NASDAQ:VERX) released results from its peak season consumer survey, highlighting evolving shopping behaviors and tax management challenges. The survey of 1,000 respondents revealed that 73% prioritize free shipping, while 58% are opting for more gift cards and experiences this season.
Key findings show that 77% of consumers plan to shop online or use a hybrid approach, with 64% preferring trusted marketplaces. Additionally, 72% track product shipping origins, and 73% are aware of their state's sales tax, though only 17% consider tax implications in purchasing decisions.
The survey emphasizes the need for retailers to implement efficient tax automation systems to handle complex transactions across multiple jurisdictions, especially during high-volume shopping periods like Black Friday and Cyber Monday.
Vertex Inc (NASDAQ:VERX) released its 2024 Global Tax Transformation Report, surveying over 600 global tax and finance professionals. While 80% consider tax and finance transformation essential for business optimization, only half have made progress. Key barriers include lack of IT support (34%), budget constraints (31%), and talent shortages (28%).
Currently, only 52% of finance processes and 56% of indirect tax processes are automated globally. The survey reveals that 39% cite overcoming internal inefficiencies as the primary driver for transformation. Notable findings include: 57% report easier team collaboration in compliance processes, 79% prioritize keeping systems updated with tax rates and rules, and 49% expect ROI through better forecasting and decision-making.
Vertex (NASDAQ: VERX) reported strong Q3 2024 financial results with total revenues of $170.4 million, up 17.5% year-over-year. Software subscription revenues increased 20.6% to $146.3 million, while cloud revenues grew 29.9% to $71.0 million. The company achieved net income of $7.2 million, compared to a net loss of $(3.4) million in the prior year. Annual Recurring Revenue reached $576.8 million, up 19%. The company completed the acquisition of ecosio, an Austrian e-invoicing company, and updated its full-year 2024 guidance to revenues of $663.3-666.3 million with cloud revenue growth of 29%.
Vertex (NASDAQ:VERX) hosted its annual Vertex Exchange conference in New Orleans, showcasing new tax technology innovations and AI capabilities. The company unveiled its generative AI-powered Copilot, a cloud platform feature designed to streamline access to insights and enhance tax process efficiency. The conference achieved record attendance, bringing together industry leaders and tax professionals.
The event featured discussions on e-invoicing regulatory challenges with ecosio CEO Christoph Ebm, presented the 2024 Partner Awards, and offered sessions focusing on compliance complexities and operational efficiency. Under the theme 'Big Ideas in the Big Easy,' the conference emphasized Vertex's commitment to advancing tax technology solutions and supporting global compliance needs.
Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, has announced that it will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. The company will hold a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day.
Participants can join the call by dialing 1-412-317-6026 about ten minutes before the start time. A listen-only webcast will also be available on the company's Investor Relations website. A replay of the conference call will be accessible approximately one hour after the call, either by phone or through the company's website, and will be available until November 20, 2024 at 11:59 p.m. Eastern Time.
Vertex Inc. (NASDAQ:VERX), a global tax technology solutions provider, has achieved HDI Support Center Certification for the sixth consecutive year. This certification, awarded by HDI, the premier global provider of support center certification and consulting services, underscores Vertex's commitment to excellence in customer support. Vertex is the only tax technology provider to receive this distinction.
The company scored high marks across core areas of the HDI Support Center Certification program, including customer satisfaction, leadership, strategy, and performance. Notably, Vertex received high scores for people satisfaction, management, and leadership, demonstrating success in supporting both customers and employees.
With over 4,000 customers globally, including more than half of Fortune 500 companies, Vertex remains dedicated to providing exceptional customer experiences and proactively addressing client needs.
Vertex, Inc. (NASDAQ:VERX) has launched Vertex for Salesforce Revenue Cloud, integrating Vertex's tax determination expertise with Salesforce's platform to streamline revenue processes. This unified system combines commercial compliance with revenue and CRM, enabling easier product launches and improved customer satisfaction through automated commercial complexity and accurate tax determination.
Key features include easy configuration mapping, transaction logging/dashboard, content updates, and automated tax determination. Benefits range from predictable costs to available onboarding support. The collaboration aims to enhance tax accuracy, visibility, and transparency, ultimately improving revenue processes and customer trust.
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