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) reported a strong performance for the first quarter of fiscal 2022, ending April 30, 2021. The company saw a 22% year-over-year increase in total customer count, reaching over 2,500. Revenue rose 8% year-over-year to $92 million, while unearned revenue also climbed 22% year-over-year to $187 million. Annual Recurring Revenue (ARR) increased 14% year-over-year to $370 million. The company improved its cash reserves to $272 million and provided optimistic guidance for the upcoming second quarter and the full fiscal year.
Yext, Inc. (NYSE: YEXT) has launched Support Answers, a suite of AI-powered enterprise search solutions for customer support teams. This initiative addresses the gap where 70% of customers prefer self-service, but only 9% can fully resolve issues independently. The platform enhances customer experience by providing direct answers from FAQs and manuals, reducing dependency on live support. Yext's innovations include Help Site Search, Agent Desktop Search, and In-App Support. Companies like Krispy Kreme and Three UK are already experiencing improved customer satisfaction and reduced support costs.
Yext, the AI Search Company (NYSE: YEXT), announced that its Founder and CEO, Howard Lerman, will join a virtual fireside chat at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 3:30 p.m. ET. A live audio webcast will be accessible via the Yext Investor Relations website, with a replay available until June 24, 2021. Yext focuses on transforming enterprise search with its AI-powered platform, providing direct answers instead of links, and is trusted by brands like Verizon and Marriott.
Yext, Inc. (NYSE: YEXT) will announce its first quarter fiscal year 2022 results on May 27, 2021, after market close. The company plans to hold a conference call at 4:30 p.m. ET to discuss these results. A live webcast will be available on Yext's Investor Relations website, along with domestic and international dial-in options. Yext aims to enhance enterprise search with its AI-powered Answers Platform, providing direct answers rather than mere hyperlinks, and is trusted by clients such as Verizon and the U.S. State Department.
Yext (NYSE: YEXT) launched a 1990s-themed marketing campaign to address outdated search technology. This multimedia initiative includes television ads and a collaboration with Adweek featuring a quirky CD insert that directs readers to an interactive game. The campaign humorously contrasts outdated keyword search technology with modern AI-powered solutions, aiming to raise awareness of the importance of search in business. Chief Marketing Officer Josh Grau emphasizes that many companies still rely on outdated keyword search methods.
Yext, Inc. (NYSE: YEXT) announced that Chief Financial Officer Steve Cakebread will join a virtual fireside chat hosted by Needham & Company on May 17, 2021, at 2:15 p.m. ET. This event is part of the 16th Annual Needham Virtual Technology & Media Conference. A live video and audio webcast will be accessible on the Yext Investor Relations website, with a replay available until August 17, 2021. Yext specializes in providing official answers for businesses, ensuring accurate information across various platforms.
Yext (NYSE: YEXT) announced a collaboration with Adobe for a digital event titled Secrets to a Successful Website Redesign, scheduled for June 16. The event will feature discussions on leveraging websites for digital transformation, enhancing customer experience, and implementing AI-powered site search. This partnership follows Yext’s recognition as a Premier partner in the Adobe Exchange Partner Program. Insights from a co-authored whitepaper will complement the event, emphasizing strategies for maximizing ROI in an evolving digital landscape.
Yext, Inc. (NYSE: YEXT) announced the general availability of its Spring '21 Release, featuring the significant "Orion" search algorithm update. Key innovations include extractive QA for advanced search capabilities, a website crawler for data centralization, and enhanced developer tools. These features enable businesses to offer superior search experiences, addressing complex queries using unstructured data. The company aims to modernize search through its platform, enhancing the accessibility of official answers across various channels.
FAQ
What is the current stock price of Yext (YEXT)?
What is the market cap of Yext (YEXT)?
What is Yext, Inc. known for?
What products does Yext offer?
How does Yext's platform benefit businesses?
What partners does Yext work with?
Where is Yext headquartered?
How does Yext generate its revenue?
What recognition has Yext received?
How many employees does Yext have?
What is digital knowledge management?
How does Yext enhance search capabilities?
