Vertex, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021
August 11, 2021 at 07:10 am EDT
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Vertex, Inc. provided earnings guidance for the third quarter and full year of 2021. For the quarter, the company expects revenue in the range of $104 million to $106 million, representing growth of 9.9% to 12.1% from the third quarter of 2020.
For the year, the company expects revenues in the range of $414 million to $417 million, representing growth of 10.5% to 11.3% from the full-year 2020.
Vertex, Inc. is a global provider of indirect tax software and solutions. The Company operates as a solution provider of state, local and value-added tax calculation, compliance and analytics, offering software products which are sold through software license and software as a service (cloud) subscription. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing and other tax-related services. The Company offers a range of solutions, including tax determination, compliance and reporting, tax data management, document management, analytics and insights, industry-specific solutions, pre-built integrations, implementation services, and managed services. Its artificial intelligence (AI) capabilities leverage proprietary and private large language models (LLM) to deliver generative pre-trained transformer (GPT) capabilities to maintain a framework that increases the accuracy for tax compliance.