Vertex Q2 2020 Earnings Report
Key Takeaways
Vertex announced strong second quarter performance with a 16.5% increase in revenue and a 16.4% increase in ARR compared to the previous year. The company balanced growth and innovation with profitability, delivering adjusted net income growth of 47.4% to $18.9 million and an Adjusted EBITDA margin of 23.6%.
Revenue increased by 16.5% compared to the prior year period.
ARR grew by 16.4% versus the prior year period.
Adjusted net income growth was 47.4% to $18.9 million.
Adjusted EBITDA margin increased to 23.6%.
Vertex
Vertex
Forward Guidance
The Company currently expects for the third quarter and full year 2020. Certain non-GAAP measures included in our financial outlook were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis.