Shares of VTEX (NYSE: VTEX) displayed an upward trajectory in after-hours trading, experiencing a notable surge of 5.85% to attain a value of $8.32. This favorable movement countered the decline observed during standard trading sessions, which concluded with a decrease of 4.84%, settling at $7.86. The ascent in VTEX stock value on the US charts followed the announcement of several new products.
VTEX is poised to unveil its latest array of products, set to shape the future of commerce, at the upcoming VTEX DAY. This event, ranked among the foremost digital commerce gatherings globally, is anticipated to draw 20,000 in-person participants daily, highlighting the substantial expansion of the VTEX ecosystem.
This ecosystem boasts more than 6,000 VTEX IO extensions developed by third parties, along with 1,000 SIs and ISVs, 330 marketplaces, 180 payment solutions, and 90 logistics companies, among others. With over 100 sponsors and 8 stages hosting more than 100 hours of content, it promises an unparalleled experience.
The extensive digital product demonstration, VTEX Vision, which is slated for April 23, 2024, will come before the onstage announcement. Amidst a high-interest-rate environment prevailing worldwide, retailers and brands necessitate equipped tools to optimize organic sales channels and enhance their margins. The newly announced products are tailored to address this strategic challenge.
Acknowledged for its dedication to enhancing customer experiences, developer workflows, and conversion rates, VTEX will present strategies for both B2B and B2C enterprises to refine their commerce platforms and amplify their return on investment (ROI). Leveraging cutting-edge innovations, VTEX aims to unearth fresh audiences and insights, empowering its customers to achieve more impactful consumer engagement.
The product unveilings at VTEX DAY, to be featured in its VTEX Vision Spring 2024 product showcase, encompass VTEX FastStore, FastCheckout, VTEX Ad Network, VTEX Data Pipeline, VTEX Shield, Delivery Promise, and VTEX WhatsApp Campaigns. VTEX is actively integrating AI technology into its solutions, enabling its customers to realize their business objectives.