in consistent quarter, a the what was Welcome, for year up fourth us. and everyone, you continued for wrapping very thank company. joining the execution Vertex's strong
More fueled is are Cloud that pipeline, products the importantly, by the our SAP new the are S/XHANA excited I'm Oracle growing of cycles to market. migration and and tailwinds which about underway bringing ongoing we
investments product In Vertex quarter discussed last XX.X% we $XX.X in well team up of year million, on EBITDA $XXX.X adjusted that This and expenses e-invoicing fourth delayed as year-over-year while up focused the fourth quarter. reflects fourth in were our XX.X% our the compared million quarter, year's in delivered to earlier the revenue the previously made acquisitions. as was from completing
$XXX.X XX% grew ARR to In nearly quarter, addition, this million.
with intent Cloud future to revenue exceeds the XXX%. now for was in first for revenue full cloud our total for pleased share on-premise that growth strategic the NRR I'm line XX.X%, was growth. year revenue and time
our quarters in is lower comparable a While last year. still extremely QX strong challenging than due recent very to this healthy, to
increased continued customer full it expect XXX% us. to the per that to for validates Average annual stand-alone increased more given year-over-year XXXX, which year actual to cross-sell fully XX.X% $XXX,XXX. units revenue over rebound our Vertex appetite throughout year buy customers' We coming from above
scaled Growth was XX% in year-over-year. count customer
revenues this success underpenetrated greater reminder, a annual ongoing and customers enterprise $XXX,XXX with the than As market. demonstrates number our represents our in
new record dollar expanded ecosystem high a upsell this the logos from Beyond efforts for from scaled was gear. ongoing additions will are unit of into new new fourth and The standpoint. quarter We in cross-sell fuel both customers, our proven kicking success and logo our opportunities future. believe model our logo
Finally, GRR XX% quarter the in was XX% of our fourth XX%. targeted range within best-in-class to
because space of durability demonstrate indirect tax Our consistency software heritage and several serving the has competitive We industry for XXXX business believe connect friction. our results we to highlighted are the moats critical model. in any Vertex's systems us XX-year order-to-cash cloud enterprise the lead that that process platform sustainable. single within without to know-how creating first, by; sit the the given enterprise a disparate These to are
the Second, standards and speed that enterprise multinational for our ability applications require. scale to the corporations operate
similar other an weekend, in Black our As cloud transactions million over X volume environment processed on in solutions. we to in addition deployed example, Friday transaction our
built the accounting around integrations. practices whom of solutions, vendors the enterprise firms content tax databases, relationships over influencers world, have to the the compliance and than with supporting tax for jurisdictions have largest and we tax rules sector including tax of indirect of trusted extensive the multimillion-dollar including the more system drive team many Fourth, services billion created and professional most XX,XXX one indirect sales worldwide. major ERP in to X Third, decision-making the integrators Vertex rates across
offerings. commands willing industry our win help behalf this to and to And unparalleled These events fifth, enterprise our stable reference us of are value to decades. we deals. an champion solutions our for customers who accounts, many have Vertex prospects for have All speak been at on customers premium
our new we constituents. though sources we Xx seek services been to routinely indirect complex as compete debt of case often revenue price This for. is to win enterprise governments reduce needed throughout while increasingly regulatory of are The has to deals providing the competition, the the of Xx history. majority we tax Even environment their
an As rules activity. level complexity tax to must for another creates in to and January, add address, to layer in noted the of which solutions XXXX, date example annual we our U.S. rates our demand district This, published in compliance. growth and enterprises customers tax turn, variable report stay districts taxes. and in significant tax as for indirect up complexity our to special-purpose automate These
area has of value-added e-invoicing not America, tax a markets growth Europe not history. because VAT bigger with the mandates Asia and challenge. Latin in This VAT our straightforward. Compliance changing proliferation a historically evolving Vertex overseas and was in opens been and requirements for the we've seen way In Pac, is was determination
integrates compliance is e-invoicing capabilities. very market to our which inherent On and solution proving be with allows in manner. is to of on e-invoicing one platform an compliance that that mandates efficient data stay a and to country-by-country basis in and changing note, our on so approach, well customers responding positively sharing remain This received, the ahead do
And fourth the limited availability. quickly yesterday, we the customers we offering selling fill In several available quarter, in began announced availability, our key slots. general
connected product proof a broader were we end-to-end where several for competitive sales, e-invoicing they deep core us. the key points included wins takeaway, relationships. early they ERP Our to all have and platforms triggered developed They highlighted
a solutions to changes have who using are e-invoicing, we including legacy can our leading moment. them provide the like still tackle homegrown our investment accelerate capacity. as Vertex. we partners in to as well to evaluate of roster Technology enterprises details will continue global support compliance indirect tax decided countries John go-to-market challenge to Thus, additional in
accelerating modernize. as software the ECC their SAP long-standing these This businesses trend is end cloud the changes mainstream XXXX support the for most The to customers need aggressively to prominent platforms. is increase expected to work move to providers ERP of impending for modern major of
large positive development build the allowing who as a as maintaining obligations their by view, they process. that customers ECC indirect commitment customers make more it a SAP is evaluate will through our they migration and their remain tax In month, us Last connections as enable to long-term XXXX. this to complex on announced part XXXX to deadline of are
logjam also it for resources help steadily. tailwind prevent customers will for turn, This enable the and a extends in integration to Vertex. migrate And
say of our never We are more acceleration relationship of continued opportunity excited been our I about is has stronger that the one or SAP channel. partners. the flow SAP deal can longest-standing But our exciting. in
year it Our pipeline XX% last was at time. is more than higher this than
key XX%. referral seeing any abroad. not channel increased of we than the business quarter. from in And share are a or fourth U.S. likewise, a XXXX, In reps short, deals SAP now from the in wins indications the slowdown sales either new few I'll more in
most Our to ability technology the win seamlessly electric Vertex's with leading serve highlighted that semiconductor businesses global world. is logo when a and vehicle to and others. manufacturer, software cloud we've in market a and platform tax manufacturer, public provider new leaders sophisticated built quarters, leading among In the the validates fastest-growing modernizing are their dynamic wins infrastructure indirect recent of
encompasses research, proud extremely a the since hit million and of tax was global we growth mainstream So intelligence sales companies a when X one artificial year and AI for headlines in pioneering potential ago. were the which the deal regions for significant time. across been is selected XXX This awareness made XX determination, first their in over e-commerce years channels, company the integrated X-figure around world with by that has comprehensive transactions Vertex global
would investors and provide they is, tailwind get to often we force experience transformation our on our proven why time from Vertex? that with significant question are a by meeting journey migrate their revenue their customers self-hosted One as don't they supporting cloud migrating. for where us that Our when frame, stay we customers has the
Vertex of solution Oracle industrial its provider, be manufacturer just that A Cloud. customer selected tried selected nearly as leading and of to transformation this A the its their Instead technology incumbent, new from global figures force with indirect customer issued for of validated global Vertex competitors tax cloud move platform of X as utility indirect revenue partner an a included to do existing a one resulting when ERP transitioning self-hosted new that, the our RFP part their to the offering. strategy in tax energy to to us. migrating
our competitive countries, as displacement and address in This a as was center certificate compliance e-invoicing high X-figure XX solution including VAT deal, calculation well cleansing.
its logo to tax Finally, was an in Europe, up-and-coming rules with operations. won global with e-commerce cybersecurity a we that new for improve company training compliance seeking
an customer this X one ago, years while complexity in they made mid-X-figure launched largest is across geographic regions of customer. relatively was a only ideal were our given revenue-wise in Europe new XXXX. Vertex this company multiple small their Accordingly, deal them And
Vertex its the to transformation existing with wins fashion cross-sell and global due customer Vertex to with upsell cloud a cloud, and business with the a move its resulted for increased customer. increased In entitlements This to with global making brand In and figures VAT SAP, product. our turning Now added doubling of sales, customers. partnership business the our mid-X Edge revenue, TAC consumers this in with nearly new use initiative.
as a a relying homegrown customer been needs. their on they Finally, solution the specialty a for chemical were for several of had bulk non-scaled years manufacturer Vertex
will process. adopting be But X part environment customer S/XHANA Vertex transformation. After global instances quarter, and consolidating during an The fourth ECC a broad-based in is as into mid-X-figure complete, the is integration of this of this changed cloud S/XHANA relationship. O-Series
from influences business indirect are And way In in compliance to a a optional. conclusion, large, of with solutions benefit durable our not solution. environment. a nice-to-have to with continue regulatory-focused leverage. we outside because revenue our tax our solution, increasing profitable commerce position minimizes This macroeconomic growth earnings and changes that we the risk is this from struggling When the SaaS enables compliance, a is the not in by and company like long-term provide intersection at and
state we focus our tax Vertex, the tax address use and this compliance. sales At regulated U.S., In the and government means indirect at level. is local on
income at business. believe deals tariff-based the have a In normal no Accordingly, is and Our would moving impacted consistent through tax see by closing, to we we continue the sales federal structure U.S. a way. in opportunity federal on transition to changes potential a level system. market to funnel Vertex' impact not U.S. the funding
our consistently quarter value what ability quarter John record Our count will through our delivering you guidance execute say investors strategy, public our partners John? out drive we that results XXXX and a for demonstrates financials customers differentiate on. company solutions, take became great team's the to to our since financial now in deliver we and our we XXXX. can of track our and do will and for