Consensus $154.47M. Reports preliminary Q1 adjusted EBITDA $35.5M-$37.5M. Annual recurring revenue at March 31 is expected to be between $523.5M to $525.5M, compared to $446.5M for the three months ended March 31, 2023, representing an increase of approximately 17% to 18%. Net revenue retention at March 31 is expected to be between 111% and 113%, as compared to 110% at March 31, 2023. “Vertex’s first quarter financial results were strong across our business,” noted David DeStefano, president, CEO, and chairperson of the board. “We look forward to providing investors with full details when we announce our full first quarter financial results in early May.”
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