AI And Product InnovationMedium-term revenue growth targets were a positive surprise driven by a combination of the consistency and long-term durability of Vertex’s revenue growth algorithm, new revenue unlock from AI and product innovation, e-Invoicing mandates globally, and accelerating contributions from partnerships.
Cloud Revenue GrowthCloud revenue growth of 30% beat consensus by more than 300 basis points, showing strong performance.
E-Invoicing DemandVertex’s new e-invoicing solution is already seeing solid demand from both new and existing customers.