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VTEX (NYSE: VTEX) is a leading global provider of e-commerce and omnichannel solutions, leveraging its software-as-a-service (SaaS) platform to empower enterprise brands and retailers. Founded in 2000, VTEX offers a comprehensive suite of tools that enable customers to execute their commerce strategies effectively. This includes building online stores, integrating and managing orders across various channels, and creating marketplaces to support third-party vendor sales.
Recognized globally by analysts from Gartner and Forrester, VTEX is considered a vanguard in digital commerce technology. The company prides itself on its single-code, multi-tenant, scalable, and extensible platform, which facilitates high innovation capacity and quick time-to-market for CIOs and business users alike.
VTEX serves over 2,600 customers across 43 countries, including notable brands like Whirlpool, Electrolux, C&A, Disney, Sony, and Lego. These clients rely on VTEX to streamline their online sales and enhance customer experiences. VTEX's recent efforts have focused on global expansion and technological innovation, as evidenced by their semi-annual product showcase, 'VTEX Vision'. This event highlights new features and updates designed to help businesses navigate economic challenges and improve their digital commerce capabilities.
The company’s platform generates the majority of its revenue from Brazil, followed by other regions in Latin America and around the world. VTEX continues to innovate with new products like the VTEX Ad Network, which offers AI-driven ad optimization, and integrations with popular messaging platforms like WhatsApp for personalized sales conversion.
Additionally, VTEX recently announced a partnership with Pinterest to enhance its social commerce capabilities, allowing brands to connect with a wider audience and integrate their product catalogs seamlessly. VTEX's commitment to security is evident in features like VTEX Shield, which provides advanced threat detection and proactive monitoring to safeguard online stores.
Overall, VTEX's emphasis on practical composability, customer-centric innovations, and robust security measures make it a valuable partner for enterprises looking to modernize their e-commerce operations and achieve sustainable growth.
VTEX (NYSE: VTEX), a top commerce platform for brands and retailers, announced the outcomes of its 2024 Annual General Meeting (AGM) held on May 24, 2024. Shareholders ratified the appointment of Silvia Mazzucchelli to the Board of Directors and approved the financial statements and auditor’s report for the fiscal year ending December 31, 2023. A total of 113,089,223 shares, representing 76.71% of the voting power, participated in the AGM.
VTEX reported strong financial results for the first quarter of 2024 with significant year-over-year growth in GMV, total revenue, gross profit, and non-GAAP operating income. The company's focus on product launches, revenue streams, and operational leverage contributed to margin expansion and customer success. VTEX also highlighted key operational and commercial highlights, showcasing partnerships with global brands and market expansion initiatives. The company remains optimistic about its future growth prospects despite economic uncertainties.
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