earnings
confidence high
sentiment positive
materiality 0.80
Vertex Q3 revenue $192.1M (+12.7%); announces $150M buyback and new CEO
Vertex, Inc.
- Revenue $192.1M, up 12.7% YoY; cloud revenue $92.0M (+29.6%).
- GAAP EPS $0.02 diluted; Non-GAAP EPS $0.17; Adj. EBITDA $43.5M (22.6% margin).
- Board authorized $150M stock repurchase program for Class A common stock.
- CEO David DeStefano becomes non-executive chair; Christopher Young (ex-Microsoft) named new President and CEO.