Vertex Q2 revenue $161.1M (+15.3% YoY); GAAP net income positive for third straight quarter

Vertex, Inc.

Revenue $161.1M, up 15.3% YoY; cloud revenue $66.3M, up 29.6%.
GAAP net income $5.2M vs loss $(6.9M) in prior year; diluted EPS $0.03 vs $(0.05).
Adjusted EBITDA $38.5M (margin 23.9%) vs $22.0M (15.7%) prior year.
ARR grew 17.3% YoY to $548.4M; Net Revenue Retention 110%.
Announced intent to acquire ecosio, an e-invoicing/EDI company based in Austria.

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