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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) will announce its financial results for the first fiscal quarter ending March 31, 2022, on May 12, 2022, at 4:30 PM ET. The announcement will be made via a conference call and audio webcast, accessible by dialing +1-844-200-6205 with Conference ID 630556, or through the investor relations section of their website. VTEX is a leading enterprise digital commerce platform based in Brazil, serving over 2,400 customers globally with more than 3,200 active online stores across 38 countries.
VTEX (NYSE:VTEX) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission on February 24, 2022. The report is accessible via the company's website and the SEC's database. VTEX provides a software-as-a-service digital commerce platform, supporting over 2,400 customers and 3,200 online stores across 38 countries. The company is recognized for its role in advancing digital commerce in Latin America and is expanding globally.
VTEX (NYSE:VTEX) reported a 30% year-over-year revenue growth in Q4 2021, reaching US$37.1 million. The company’s gross merchandise value (GMV) increased to US$2.9 billion, a 14.7% rise. Subscription revenue, constituting 93% of total revenue, grew to US$34.5 million with a 24.8% increase. Despite a non-GAAP loss from operations of US$10.9 million and negative free cash flow of US$21.3 million, VTEX anticipates a strong growth outlook for 2022, targeting revenues of US$158 to US$162 million.
VTEX, a leading enterprise digital commerce platform based in Brazil, will announce its fourth fiscal quarter financial results for the period ending
VTEX's platform supports brands and retailers by enabling online store setups, order management across channels, and marketplace creation. As of
Pivotree and VTEX have successfully launched four digital storefronts for CAE, enhancing their B2B commerce marketplace. This initiative, part of CAE's digital transformation strategy, aims to improve customer experiences in civil aviation, defense, and healthcare. The digital platform consolidates commerce, marketplace, and order management efficiently. With a robust partnership, Pivotree and VTEX leverage their expertise to deploy these solutions rapidly, addressing CAE's diverse business models while maintaining a low total cost of ownership.
On January 25, 2022, Digibee announced its Partner Program aimed at enhancing integration ecosystems for enterprises, emphasizing a partnership with VTEX. This collaboration will utilize Digibee's Hybrid Integration Platform (HIP) to streamline integration projects, reduce costs, and enhance innovation for VTEX clients. The program aims to simplify integration strategies, solve complex challenges, and create agile architectures. VTEX, a leader in digital commerce, serves over 2,000 customers globally, leveraging Digibee's capabilities to improve data visibility and sales growth.
VTEX (NYSE: VTEX) has reported significant growth with the launch of its Live Shopping app, now utilized by over 100 brands, including Victoria's Secret and Xiaomi, across 10 countries. The app has increased average online session time by 5x and conversion rates by over 30% during live events. Additionally, VTEX secured new global partnerships with Whirlpool and Unilever. To enhance innovation, Fernanda Weiden has been appointed as the new Chief Technology Officer, focusing on the company's global expansion and product development.
Digital River has partnered with VTEX to offer an integrated solution for cross-border ecommerce, enhancing global expansion for brands. This collaboration combines Digital River’s Global Seller Services—covering payments, taxes, and logistics—with VTEX’s platform, streamlining operations for mid-market and enterprise clients. The partnership aims to simplify international selling while reducing compliance risks and enhancing cart conversions, enabling faster and more efficient ecommerce growth.
VTEX reported a significant increase in Gross Merchandise Value (GMV) during November 2021, reaching US$1.3 billion, a 17% rise over November 2020. This performance nearly tripled the GMV from November 2019, with a two-year compound annual growth rate (CAGR) of 63%. The number of orders increased by 25% year-over-year, reflecting a growing trend in online shopping. Notable growth was observed in beauty, health, grocery, and apparel sectors across 32 countries. VTEX is well-positioned to leverage trends in social selling and conversational commerce.
VTEX and Mapp have teamed up to launch a free interactive guide titled "Retail vs. DTC – An Informative Guide to Direct-to-Consumer Marketing". The guide targets manufacturers, retailers, eCommerce brands, and agencies, focusing on DTC business models to enhance brand awareness and customer retention. Notably, DTC eCommerce sales in the US are projected to grow by 35%, rising from $129.31 billion to $174.98 billion by 2023. The partnership aims to empower companies with data-driven marketing strategies for improved customer experience.
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