Vertex reports Q4 non-GAAP EPS 15c, consensus 14c

Reports Q4 revenue $178.5M, consensus $176.9M. Annual Recurring Revenue was $603.1M, up 17.7% year-over-year. “Vertex’s (VERX) 2024 financial results demonstrated the power of our business and financial model, which is built to deliver consistent and durable mid-to-high teens revenue growth with strong earnings leverage and cash flow,” stated CEO David DeStefano. “We believe the secular tailwinds that enable our performance will accelerate in the coming years as indirect taxes continue to grow in complexity, and enterprise technology continues to evolve and move to the cloud.”