Yext Stock Price, News & Analysis

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Yext (NYSE: YEXT) launched a 1990s-themed marketing campaign to address outdated search technology.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.