VTEX ( (VTEX) ) has shared an announcement.
VTEX reported its financial results for the fourth quarter and fiscal year 2024, highlighting a 13% growth in subscription revenue and a 16% increase in gross profit, with a margin of 75%. The company experienced strong sales momentum, adding significant enterprise customers and expanding its global presence, despite challenges such as FX volatility and GMV softness. VTEX’s strategic initiatives, including a share buyback program and operational expansions, underscore its positioning as a trusted partner in the global commerce transformation, with a focus on both B2C efficiency and B2B digital adoption.
More about VTEX
VTEX is a composable and complete commerce platform designed for premier brands and retailers. The company focuses on providing solutions that empower enterprises to modernize operations, unlock new revenue streams, and adapt to the rapidly evolving digital landscape.
YTD Price Performance: 3.35%
Average Trading Volume: 688,027
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.14B
See more insights into VTEX stock on TipRanks’ Stock Analysis page.