Vertex, Inc. (VERX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Vertex Inc. Second Quarter 2025 Earnings Call. Today all participants will be in a listen-only mode. Should you need assistance during today's call, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. If you would like to withdraw your question, please press star, then two. Please note that today's event is being recorded. I would now like to turn the conference over to Joe Crivelli, Vice President Investor Relations. Please go ahead. Hello and thanks for joining us to discuss Vertex's second quarter results. David DiStefano, our President and CEO, and John Schwab, our CFO, are also with us today. During this call, we may make forward-looking statements about expected future results. Actual results may differ due to risks and uncertainties. These risks and uncertainties are described in our filings with the Securities and Exchange Commission. Our remarks today will also include references to non-GAP metrics. A reconciliation of these metrics to GAP is also provided in today's press release. This call is being recorded and will be available for replay on our Investor Relations website. I'll now turn the call over to David. Welcome everyone and thank you for joining us. In the second quarter, we delivered results that were in line with our guidance and investor expectations. However, as the quarter progressed for the first time, we saw macroeconomic factors that have been noted in the software industry in 2025 impact our customers and begin to affect their activity with us. We took action to mitigate this, but it necessitated a reduction in our full-year guidance. We wi...