Vtex Class A (VTEX) has released an update.
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VTEX has reported robust first quarter 2024 results with a 22% and 25% year-over-year growth in GMV and total revenue, respectively. Gross profit saw a significant increase of 37% from the previous year, indicating a substantial margin expansion. The company’s operational efficiency is highlighted by improved non-GAAP operating income and positive free cash flow, alongside continued customer growth and expansion into new markets.
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