Vertex Cuts Full-Year Outlook as ERP Project Delays Weigh on Demand
A fund letter links the cut to customer delays, citing the stock as a drag on third-quarter performance.
Overview
- Alger Weatherbie Specialized Growth Fund said Vertex shares detracted from its Q3 results after the company lowered full-year revenue guidance.
- Management attributed the outlook reduction to an uncertain demand environment with expected delays in customers’ ERP and software implementations.
- Vertex reported Q2 2025 revenue of $184.6 million, up 14.6% year over year, reflecting solid quarterly execution despite the outlook change.
- The stock closed at $25.66 on October 27, giving Vertex a market cap of about $4.092 billion, with a 52-week loss of 40.05%.
- Insider Monkey’s database shows hedge-fund holders of Vertex slipped to 25 at the end of Q2 from 27 in the prior quarter.