Second-quarter revenue was $104.9 million, an increase from $91.3 million in last year's corresponding period. “Our performance reflects strong demand across all our segments and product lines this quarter, as global businesses, governments and communities work to emerge from this past year stronger than ever,” Vertex CEO David DeStefano said in a prepared statement. Cloud revenue pushed growth, increasing by 59.5 percent to $32.1 million with the company guidance for the 2021 predicting cloud revenue will rise 40 percent for the full year. Executives indicated Vertex business had benefited from an upturn in ERP business.
Estimated reading time: 0 minutes, 38 seconds
VERTEX SHARPLY CUTS LOSS Featured
Vertex slashed its loss for the second quarter ended June 30 by 95 percent as revenue rose by 15 percent. The indirect tax software company lost $2.6 million for the most recently ended period, down from a loss of $39.4 million a year ago.
Most Read
-
-
May 22 2017
-
Written by mark
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-