Vertex, Inc. Provides Financial Guidance for the Second Quarter and Full-Year 2022
May 10, 2022 at 07:00 am EDT
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Vertex, Inc. provided financial guidance For the second quarter and full-year 2022. For the second quarter of 2022, the Company currently expects revenues of $116.0 million to $117.5 million, representing growth of 11% to 12% from the second quarter of 2021.
For the full-year 2022, the Company currently expects Revenues of $479 million to $483 million, representing growth of 13% to 14% from the full-year 2021.
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.