VTEX Delivered $5.8M Cost Savings To Enterprise Merchants That Migrated From Legacy Commerce Platforms; Return On Investment Of 133%
Portfolio Pulse from Benzinga Newsdesk
VTEX, a digital commerce platform, has delivered cost savings of $5.8 million to enterprise merchants that migrated from legacy commerce platforms. The return on investment was 133%. The platform also provided savings in developer and platform support efficiency, ranging from 20% in the first year to 50% in the third year. Additionally, ecommerce business growth yielded an extra $17.1 million.
October 11, 2023 | 1:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
VTEX's platform has proven to be cost-effective for enterprise merchants, delivering significant savings and a high return on investment. This could attract more clients and boost VTEX's revenues.
The news highlights the cost-effectiveness and high ROI of VTEX's platform. This could make the platform more attractive to potential clients, leading to an increase in the company's client base and revenues. Therefore, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100