Reports Q4 revenue $131.1M, consensus $125.96M. David DeStefano, Chief Executive Officer, stated "The fourth quarter wrapped up a very strong year for Vertex. Revenue growth accelerated, profitability was strong, and we delivered positive free cash flow. It’s clear the investments we are making in strategic acquisitions, new product development and expansion of our go-to-market and customer success organizations are helping us attack our significant growth opportunity. The Vertex team is executing well, and we are optimistic about 2023 and beyond."
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on VERX:
- Vertex Soars after Earnings and Guidance Beat
- Vertex Announces Fourth Quarter and Full Year 2022 Financial Results
- Vertex to Announce Fourth Quarter 2022 Financial Results on Wednesday, March 8, 2023
- Vertex initiated with an Outperform at Raymond James
- Vertex 2022 Sales Tax Rates and Rules Report: Decline in Rate Changes Belies Increases Across Most Jurisdictions