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) announced the implementation of Yext Answers on Advantage Dental Oral Health Center's website, transforming its site search capabilities. Before this collaboration, patients relied on phone calls for information. With Yext Answers, the organization reported a 27.5% site search click-through rate within six weeks and a 7.1x increase in search volume after enhancing the search bar visibility. This advancement allows Advantage Dental to better understand patient inquiries and manage information efficiently, especially important during unexpected crises.
Yext, Inc. (NYSE: YEXT) has launched Yext Answers for select partners in its Channel Partner Program, enabling them to offer advanced search capabilities to small businesses. This innovative product utilizes natural language processing to enhance customer interactions on websites. Clients can integrate custom calls to action, aiming to boost conversions and reduce support costs. The initiative comes as local businesses face increased customer inquiries during the COVID-19 pandemic. Notable partners like GoSite and FCR Media are among the first to adopt this solution.
Yext, Inc. announced the modernization of LasikPlus's website using Yext Answers, enhancing search experiences for LASIK candidates. This advanced platform employs natural language processing and BERT technology to provide accurate responses to complex questions, resulting in over 8,500 answered queries and a 25% click-through rate since its launch last summer. The initiative has improved access to vital information for potential LASIK patients, fostering trust and credibility for LasikPlus.
Yext, Inc. (NYSE: YEXT) has been recognized as a leader on the G2 Grid® for top Enterprise Search Software products. This achievement highlights Yext's innovative search product, Yext Answers, which was launched in October 2019. Yext Answers now stands alongside major competitors like Google Cloud Search and IBM Watson Discovery. The G2 ranking is based on positive customer reviews and other online data, showcasing its effectiveness in enhancing business transactions and reducing support costs.
Yext, (NYSE: YEXT), a leading Search Experience Cloud company, announced that CFO Steve Cakebread will participate in a virtual fireside chat at the 23rd Annual Needham Growth Conference on January 11, 2021, at 10:45 a.m. ET. A live webcast will be available on the Yext Investor Relations website. A replay will be accessible post-event. Yext is focused on providing official answers for businesses across search engines and voice assistants, enhancing customer experience with trusted information.
Yext, Inc. (NYSE: YEXT) has released insights into consumer search behavior for the holiday season amid COVID-19. The report highlights a shift towards digital shopping, predicting increased website clicks and phone calls as consumers seek information. While foot traffic for certain sectors like jewelry and sporting goods may see spikes, overall physical store visits are expected to decline. Yext emphasizes the need for businesses to enhance their digital presence to engage effectively with customers during this critical period.
Yext, the Search Experience Cloud company, announced that CFO Steve Cakebread will participate in two virtual fireside chats. The first event is at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 2:00 PM ET. The second will take place at the MKM Partners Virtual Conference on December 15, 2020, at 1:10 PM ET. A live webcast of the discussions will be available on the Yext Investor Relations website.
Yext, Inc. (NYSE: YEXT) reported its third-quarter fiscal 2021 results, revealing a revenue of $89.1 million, a 17% increase from the previous year. Gross profit rose by 20% to $67.4 million, and gross margin improved to 75.7%. The net loss was $22.0 million, significantly down from $42.7 million year-over-year. Notable business highlights included a 28% increase in customer count and an 18% rise in annual recurring revenue to $346 million. The company provided guidance for Q4 2021, projecting revenue between $87 million to $89 million.
Yext (NYSE: YEXT) announced its Fall '20 Release, introducing significant enhancements to its platform. Key updates include the new Andromeda algorithm that supports Japanese language searches and complex queries. Businesses can now implement Yext Answers more flexibly with new overlay and WordPress plugin options. The Yext Knowledge Graph allows improved customization of information organization, and Bing suggestions are now integrated for U.S. businesses. This release aims to enhance digital experiences and reliability for brands in a competitive market.
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