earnings
confidence high
sentiment positive
materiality 0.75
Vertex Q2 2021 revenue $104.9M (+15% YoY); cloud revenue jumps 59.5%
Vertex, Inc.
- Revenue $104.9M (+15% YoY); software subscription revenue $89.6M (+15.9%).
- Cloud revenue $32.1M (+59.5% YoY); ARR $336.2M (+14.1% YoY).
- Net income $0.8M vs net loss $29.1M prior year; GAAP EPS $0.01.
- Non-GAAP operating income $16.3M; Adjusted EBITDA $19.2M (18.3% margin).
- NRR 106% (105% in Q1); over 4,175 customers at quarter end.