2023-08-09 07:24:42 ET
- Vertex press release ( NASDAQ: VERX ): Q2 Non-GAAP EPS of $0.08 in-line.
- Revenue of $139.7M (+17.1% Y/Y) beats by $3.62M .
- Software subscription revenues of $117.8 million, up 16.6% year-over-year.
- Cloud revenues of $51.2 million, up 27.3% year-over-year.
- Annual Recurring Revenue (“ARR”) was $467.7 million, up 17.5% year-over-year.
- Average Annual Revenue per direct customer (“AARPC”) was $109,170 at June 30, 2023, compared to $93,850 at June 30, 2022 and $104,370 at March 31, 2023.
- Net Revenue Retention (“NRR”) was 111%, compared to 110% at June 30, 2022, and the first quarter of 2023.
- Gross Revenue Retention (“GRR”) was 96%, consistent with June 30, 2022, and the first quarter of 2023.
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Vertex Non-GAAP EPS of $0.08 in-line, revenue of $139.7M beats by $3.62M