VTEX (VTEX) Misses Q2 EPS by 2c

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Go back to VTEX (VTEX) Misses Q2 EPS by 2c

VTEX Reports Second Quarter 2023 Financial Results

August 8, 2023 4:01 PM EDT

GMV and total revenue YoY growth reached 23% and 24%, respectively

Subscription gross profit increased 27% YoY, representing a margin expansion of 280 bps

Non-GAAP operating margin expanded 42% p.p. YoY, reaching (3.2)%

NEW YORK--(BUSINESS WIRE)-- VTEX (NYSE: VTEX) the global enterprise digital commerce platform for premier brands and retailers, today announced results for the second quarter of 2023 ended June 30, 2023. VTEX results have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting.

Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, Every... More