Vertex Q2 revenue $139.7M (+17.1% YoY); cloud revenue up 27.3%

Second Quarter 2023 Financial Results ● Total revenues of $139.7 million, up 17.1% year-over-year. ● Software subscription revenues of $117.8 million, up 16.6% year-over-year. ● Cloud revenues of $51.2 million, up 27.3% year-over-year. ● Annual Recurring Revenue (“ARR”) was $467.7 million, up 17.5% year-over-year. ● Average Annual Revenue per direct customer (“AARPC”) was $109,170 at June 30, 2023, compared to $93,850 at June 30, 2022 and $104,370 at March 31, 2023. ● Net Revenue Retention (“NRR”) was 111%, compared to 110% at June 30, 2022, and the first quarter of 2023. ● Gross Revenue Retention (“GRR”) was 96%, consistent with June 30, 2022, and the first quarter of 2023. ● Loss from operations of $(4.1) million, compared to loss from operations of $(4.3) million for the same period prior year. Non-GAAP operating income of $18.1 million, compared to $14.6 million for the same period prior year. ● Net loss of $(6.9) million, compared to net loss of $(5.5) million for the same period