Vertex (VERX) Tops Q4 EPS by 2c
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Vertex (VERX) surges after topping Q4 expectations
February 29, 2024 10:56 AM ESTVertex (NASDAQ: VERX), a leading provider of tax technology and services, reported fourth-quarter earnings that surpassed analyst expectations, sending its shares soaring by 26.97%. The company announced a Q4 adjusted EPS of $0.13, which was $0.02 higher than the consensus estimate of $0.11. Revenue for the quarter also exceeded forecasts, coming in at $154.9 million against the anticipated $146.46 million.
The robust financial performance is attributed to the company's strong year-over-year (YoY) revenue growth of 18.1%, marking the highest increase since Vertex became a public entity. Cloud revenues grew by an impressive 29.9% YoY, contributing... More
