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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) has opened its new U.S. Hub in New York City, intended as a central location for the global digital commerce ecosystem. This hub aims to facilitate knowledge sharing and networking among clients and partners, including significant brands like Motorola and Beautycounter. VTEX, which went public in July 2021, now supports over 2,400 global customers across 38 countries. This strategic move aligns with recent investments by tech giants in NYC, thereby enhancing VTEX's visibility and growth potential in the U.S. market.
VTEX and Adyen have announced a global partnership aimed at enhancing the retail experience through unified commerce. This collaboration allows VTEX merchants to integrate Adyen's financial technology, providing a seamless platform for managing online and offline sales. The joint solution promises improved security, reduced costs, and consolidated customer data for better decision-making. According to Forrester, merchants could see a 1.52% increase in authorization rates and a 186% ROI over three years. The service is effective immediately across 38 countries.
VTEX, an enterprise digital commerce platform, will hold its Annual General Meeting of Shareholders on October 6, 2022, at its registered office in Grand Cayman, Cayman Islands. The meeting agenda, proxy card, and related materials are available on the company's website. VTEX serves over 2,400 customers, including major brands like AbInbev and Carrefour, with more than 3,200 active online stores across 38 countries as of December 31, 2021. The company aims to accelerate digital commerce transformation in Latin America and is expanding globally.
VTEX (NYSE: VTEX) has been recognized as a Visionary in the 2022 Gartner Magic Quadrant for Digital Commerce. The company reports significant customer growth, hosting over 230 successful live shopping events in Q2. New partnerships with brands like AB InBev and Whirlpool reflect its expanding global presence. Notably, the VTEX Live Shopping app enabled Samsung to generate over $1 million USD in GMV during a product launch in Mexico. With 96% user recommendation, VTEX is positioned to enhance digital commerce strategies for clients worldwide.
VTEX and Signifyd have announced a strategic alliance to enhance fraud protection for retailers in Latin America. Customers of VTEX will now have seamless access to Signifyd's Commerce Protection Platform, optimizing transactions and safeguarding profits. With online commerce in Latin America expected to grow significantly, estimated annual sales reaching
VTEX (NYSE: VTEX) reported second-quarter 2022 results highlighting a 27.6% increase in GMV to US$3.1 billion and a 25.4% rise in total revenue to US$38.7 million. Gross profit surged 37.8% YoY, achieving a gross margin expansion of 600 bps. Subscription revenue, accounting for 94.7% of total revenue, increased by 23.6% YoY. Despite a non-GAAP loss from operations of US$17.5 million, VTEX plans a US$30 million share repurchase program. For Q3 2022, the company forecasts revenue between US$37 million and US$38 million, indicating 18% YoY growth amidst uncertain macroeconomic conditions.
VTEX (NYSE: VTEX), a leader in digital commerce platforms, will disclose its financial results for Q2 2022 on August 11, 2022, at 4:30 pm Eastern Time. This conference call will enable stakeholders to gain insights into the company's performance and growth strategies. VTEX serves over 2,400 customers across 38 countries, facilitating advanced commerce solutions for brands like AbInbev and Carrefour. The event can be accessed via conference call or audio webcast through the company's investor relations website.
VTEX has announced an update to its connector with Meta's platforms, Facebook and Instagram, aimed at boosting retail sales. The new features enhance the integration between ecommerce sites and social media ads, aiming to improve conversion rates. Key updates include the Conversions API with five new components, optimized product catalog updates, and a Meta Ads Plugin for easier ad creation. VTEX's updated connector will help global brands, including Carrefour and Samsung, gain insights into customer behavior and streamline their advertising efforts.
VTEX (NYSE: VTEX) reported strong first-quarter results for 2022, with GMV and total revenue increasing by 33.3% and 33.7% year-over-year, respectively. Gross profit saw a remarkable 46.1% rise, reflecting a 563 bps margin improvement. Subscription revenue constituted 94% of total revenue, increasing to $32.6 million. However, non-GAAP loss from operations rose to $13.7 million, attributed to higher personnel investments. The company projects second-quarter revenues between $37.5 million and $38.5 million, indicating a 23% YoY growth.
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