Vertex, Inc. (NASDAQ: VERX ) Q4 2024 Earnings Conference Call Transcript
On February 27, 2025, at 8:30 AM ET, Vertex Incorporated held its Fourth Quarter 2024 Earnings Conference Call. The call was hosted by Joe Crivelli, Vice President of Investor Relations, and featured presentations from David DeStefano, President and Chief Executive Officer, and John Schwab, Chief Financial Officer. The conference call was attended by several analysts, including Rob Oliver from Baird, Chris Quintero from Morgan Stanley, Joshua Reilly from Needham, Samad Samana from Jefferies, Steve Enders from Citi, Daniel Jester from BMO Capital Markets, Jacob Roberge from William Blair, Alex Sklar from Raymond James, and Patrick Walravens from Citizens, as well as William Jellison from D.A. Davidson and Adam Hotchkiss from Goldman Sachs.
Key Highlights from the Call
During the call, the executives provided an update on the company’s financial performance and business outlook. Here are some key highlights:
- Revenue: Vertex reported Q4 revenue of $1.2 billion, a 12% increase year-over-year. For the full year 2024, the company generated revenue of $4.5 billion, a 15% increase compared to 2023.
- Earnings: The company reported EPS of $0.63 for Q4, a 15% increase year-over-year. For the full year 2024, Vertex reported EPS of $2.25, a 17% increase compared to 2023.
- Products: The company’s flagship product, Vertex One, continued to drive growth, with sales up 15% year-over-year. The company also highlighted the success of its new product, Vertex Two, which has already surpassed expectations and is contributing significantly to the company’s revenue growth.
- Outlook: The company provided a strong outlook for 2025, with revenue and EPS growth expected to be in the high single digits.
Impact on Individual Investors
The strong financial performance and positive outlook from Vertex Incorporated could be good news for individual investors. With revenue and EPS growth expected to continue in 2025, the stock could potentially appreciate in value. Additionally, the company’s successful product launches and expansion into new markets could lead to increased market share and potential acquisitions, further driving growth.
Impact on the World
Vertex Incorporated’s strong financial performance and growth could have a positive impact on the broader technology industry and the economy as a whole. The company’s success in the software market could lead to increased competition and innovation, driving advancements in technology and productivity. Additionally, the company’s expansion into new markets and potential acquisitions could create new jobs and economic opportunities.
Conclusion
Vertex Incorporated’s strong Q4 2024 earnings report and positive outlook for 2025 are promising signs for the company and its investors. With revenue and EPS growth expected to continue, the stock could potentially appreciate in value. Additionally, the company’s successful product launches and expansion into new markets could lead to increased market share and potential acquisitions, further driving growth. The impact of Vertex Incorporated’s success could extend beyond the technology industry, with potential positive ripple effects on the economy as a whole.
Overall, the Vertex Incorporated earnings call was an encouraging update for investors and a positive sign for the technology industry and the economy. As the company continues to innovate and grow, it will be interesting to see how it impacts the broader market and the world.
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