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    Alex Klar

    Vice President and Equity Research Analyst at Raymond James & Associates, Inc.

    Alex Klar is a Vice President and Equity Research Analyst at Raymond James & Associates, Inc., specializing in coverage of the application software sector with a particular focus on companies such as Alteryx and MLNK. He is recognized for conducting in-depth analysis and presenting at major industry conferences, though specific performance metrics or published investment rankings are not publicly available. Klar has been with Raymond James since at least 2022, with prior experience details not currently disclosed in public records. He holds the requisite professional credentials for his analyst role, including FINRA registration and relevant securities licenses.

    Alex Klar's questions to Vertex (VERX) leadership

    Alex Klar's questions to Vertex (VERX) leadership • Q1 2025

    Question

    Alex Klar asked about trends in new logo win rates and the mix between competitive takeaways versus conversions from manual processes. He also inquired about the decline in implied license revenue.

    Answer

    CEO David DeStefano stated that win rates are consistent, with takeaways often driven by a competitor's poor support or a customer's growing complexity. He also credited investments in the Microsoft ecosystem for driving new wins. CFO John Schwab noted there was no change in the on-premise to cloud migration activity, which remains at 2-4% of the customer base annually.

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