Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
Yext, Inc. (symbol: YEXT) is a leading global digital location management (DLM) company headquartered in New York City. Yext specializes in helping over 500,000 business locations connect with mobile consumers through an extensive network of more than 100 app, map, directory, search engine, and social media partners, including Apple, Bing, Facebook, Foursquare, Yahoo, and Yelp.
Yext's mission is to empower the world's 50 million businesses to harness the power of location data and drive both face-to-face and digital interactions. This leads to enhanced customer engagement, audience building, and increased sales. The company achieves this through three core product offerings: PowerListings®, Pages, and Xone™.
Aside from its impressive client base, Yext's knowledge engine platform allows businesses to manage their digital knowledge in the cloud. This digital knowledge is structured information that businesses want to make publicly accessible and is synced across nearly 200 services, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.
Yext makes search intelligent by offering precise, accurate, and up-to-date answers to location-based queries, whether they're conducted online, via mobile apps, or through voice and AI engines. The company derives the majority of its revenue from subscription services, with a significant portion coming from North America and the remainder from international markets.
The company's achievements and accolades include being recognized as one of America’s fastest-growing companies by Inc. 500 (#212 in 2015), one of Forbes' most promising companies (2014 & 2015), and one of Fortune's best places to work (2014 & 2015). Yext's team has grown to over 400 employees worldwide, reflecting its rapid expansion and innovative culture.
Stay updated on the latest news and developments of Yext, Inc. to see how this industry leader continues to evolve and influence the digital landscape.
Yext, Inc. (NYSE: YEXT) released a survey showing significant insights into consumer preferences for online customer support. Over 85% of respondents value self-service options, while 58% prefer information directly from company websites. Trust in brand-provided information is high, with 93% likely to trust answers from company sites. Additionally, 62% indicated they might choose competitors if their questions go unanswered. The findings highlight the importance of investing in effective help site search to enhance customer experience and loyalty.
Yext (NYSE: YEXT) reported its second quarter fiscal 2022 results, with revenue reaching $98.1 million, an 11% increase from $88.1 million in Q2 2021. Gross profit grew 8% to $71.5 million, yielding a gross margin of 72.9%. However, the company experienced a net loss of $27.6 million, slightly higher than $25.1 million in the prior year. Customer count rose 23% year-over-year to over 2,600, while Annual Recurring Revenue (ARR) increased 12% to $378 million. Yext forecasts Q3 revenue between $97.5 million and $98.5 million.
Yext, Inc. (NYSE: YEXT) announced the general availability of its Summer '21 Release, featuring the new Phoenix search algorithm update. This release aims to enhance the search experience for businesses through dynamic reranking, updated data connectors, and self-serve app configurations. Key features include improved search accuracy and the ability to integrate data from various sources seamlessly. Yext's AI-powered platform is designed to better understand complex customer queries, empowering brands like Verizon and the U.S. State Department to provide precise answers online.
Yext, a leader in AI search technology, will announce its second quarter fiscal year 2022 results on September 2, 2021, after market close. The company will host a conference call at 4:30 p.m. ET for the investment community. A live webcast will be available on Yext's Investor Relations website, and a replay will be accessible until midnight ET on September 9, 2021. Yext aims to revolutionize enterprise search through its AI-powered Answers Platform, which delivers direct answers to user queries instead of mere hyperlinks.
Yext, Inc. (NYSE: YEXT) has launched Yext AI Search on Salesforce AppExchange, aimed at enhancing customer support experiences. This integration allows businesses to incorporate Yext's AI-powered search into Salesforce Service Cloud, improving help sites and agent consoles. Key features include Help Site Search, Support Form Deflection, and Agent Console Search, which facilitate quicker resolutions and better customer satisfaction. Yext's President emphasized the importance of AI search in today's support landscape.
Yext, Inc. (NYSE: YEXT) has appointed Laurie "LC" Cook as its inaugural Vice President of Public Sector, effective August 2, 2021. Cook, who possesses over twenty years of experience, will spearhead the sales organization dedicated to U.S. federal, state, and local government agencies. Her previous roles include Vice President at Blue Prism and Federal Civilian Sales Account Director at SAS Institute. Cook's appointment aims to expand Yext's presence in the public sector, building on its reputation for delivering accurate information during the pandemic.
Yext, Inc. (NYSE: YEXT) has announced its Summer '21 Release, featuring the new Phoenix algorithm update aimed at enhancing search results for business customers. Significant enhancements include dynamic reranking based on user engagement and improved data connectors for easier integration. The release also introduces tools for search experience testing and customizable app configurations, best equipping businesses to address evolving customer needs. This update positions Yext as a leader in providing advanced AI-powered search solutions.
Yext, Inc. (NYSE: YEXT) has partnered with Fazoli's to enhance the restaurant's digital transformation using AI search technologies. This collaboration has significantly improved Fazoli's online presence, evidenced by a 21% reduction in bounce rate and 3.6x growth in online sales since the deployment of Yext's AI-powered site search. By utilizing advanced natural language processing, Fazoli's can now provide accurate answers to customer inquiries about its offerings. This success showcases how AI search can drive revenue and enhance user experience in the restaurant industry.
Yext, the AI Search Company, announced its participation in Visa's 2021 She's Next Grant Program aimed at supporting Black women entrepreneurs. The program will provide 60 selected businesses each with a $10,000 grant, a year of coaching via IFundWomen, and complimentary access to Yext's Listings solution. This will enhance their online presence across 200 platforms, ensuring accurate information about their operations. The initiative, led by Visa and Yext, seeks to address the unique challenges faced by Black women in business.
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