08:14 AM EDT, 05/08/2024 (MT Newswires) -- Vertex (VERX) reported Q1 non-GAAP earnings Wednesday of $0.15 per diluted share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended March 31 was $156.8 million, up from $132.8 million a year earlier.

Analysts surveyed by Capital IQ expected $155.2 million.

The tax compliance software provider said it expects Q2 revenue of $159 million to $162 million. Analysts polled by Capital IQ expect $160.6 million.

For full-year 2024, the company said it expects revenue of $650 million to $660 million. Analysts polled by Capital IQ expect $657 million.

Shares of Vertex were 2.7% higher in recent Wednesday premarket activity.

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