Analyst Summary:
Vertex, a global provider of indirect tax solutions, announced positive financial results for Q4 and full-year 2022, with accelerated revenue growth, strong profitability, and positive free cash flow. The company's strategic investments, new product development, and expansion of its go-to-market and customer success organizations contributed significantly to growth. The company's guidance for 2023 indicates continued double-digit revenue growth and strengthening profitability, reflecting confidence in its business. While the company stated the business environment is complex, it sees strong sales pipelines and little impact of a weakening economy on its business. The company's CEO expressed optimism for 2023 and beyond. The company's non-GAAP financial measures were presented, as well as key business metrics such as NRR, MRR, AARPC, and GRR. The company aims to provide useful information to investors through these metrics. Investors can listen to their conference call to discuss financial results for 2022 today, March 8th. Forward-looking statements should be evaluated as such, as actual results may differ materially from those projected.