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 launch of "Hitchhikers," a training program for professionals, aimed at enhancing business growth through custom website solutions. Participants will learn to implement Yext products, including the self-serve Yext Answers, facilitating faster deployment. Inspired by Douglas Adams's The Hitchhiker's Guide to the Galaxy, the program emphasizes community-driven innovation. With interactive modules and challenges, Hitchhikers gain skills to address their organizations' specific needs. Yext's mission is to provide official answers online, improving search experiences globally.
Yext, Inc. (NYSE: YEXT) announced the promotion of Jon Buss to Managing Director of EMEA. Formerly the Managing Director of Northern Europe, Buss has over 25 years of experience and takes over from Wendi Sturgis, who transitions to an advisory role after nearly 10 years. Yext's growth is supported by the recent introduction of Yext Answers in five languages and a partnership with Adobe. The company aims to enhance its presence in the EMEA region, capitalizing on the demand for accurate customer answers.
Yext (NYSE: YEXT) announced that its CFO Steve Cakebread will join a virtual fireside chat hosted by D.A. Davidson on September 9, 2020, at 11:35 a.m. ET. The discussion will be accessible via a webcast on the Yext Investor Relations website. Yext, known for its Search Experience Cloud, helps businesses provide accurate information in response to consumer inquiries across various platforms. This event showcases Yext's ongoing commitment to enhancing the search experience and its standing in the industry.
Yext, Inc. (NYSE: YEXT) reported strong second-quarter results for fiscal 2021, achieving revenue of $88.1 million, a 22% increase from the previous year, and a gross profit of $66.1 million, up 24%. The company recorded a net loss of $25.1 million, improving from a net loss of $29.3 million in Q2 fiscal 2020. Cash and equivalents reached $223 million. Yext has expanded its services into four new languages and increased its customer count by 27%. The third-quarter revenue outlook is projected between $86 million and $88 million.
Yext, Inc. (NYSE: YEXT) has unveiled a significant upgrade to its Yext Answers product, called "Milky Way," utilizing Google's BERT technology for enhanced natural language processing. This update improves Named Entity Recognition and location detection, allowing the system to deliver more precise answers, especially related to ambiguous search terms. An enriched healthcare taxonomy now includes 3,000+ medical synonyms and terms. These advancements aim to enhance user search experience, enabling businesses to respond accurately to customer inquiries and improve overall search functionality.
Yext, Inc. (NYSE: YEXT) has announced that it will release its second quarter fiscal year 2021 results on September 3, 2020, after market close. A conference call will follow at 4:30 p.m. (ET) to discuss the financial results with investors. A live webcast of the event will be available on the company's Investor Relations website. Yext focuses on organizing business information to provide accurate answers to consumer inquiries across various platforms, thereby enhancing the search experience.
On August 11, 2020, Yext (NYSE: YEXT) announced a partnership with Cox Communications to enhance customer support through its Yext Answers product, which employs advanced natural language processing (NLP) technology. This integration allows Cox to provide direct answers to customer queries on their website, improving user experience and increasing conversion rates by 51%. During the COVID-19 pandemic, Yext Answers has been pivotal in addressing frequent inquiries on connection speeds and billing. Additionally, Cox utilizes other Yext products like Yext Listings and Yext Pages for managing operational information.
Yext (NYSE: YEXT) announced the expansion of Yext Answers, its site search product, into four new languages: French, German, Italian, and Spanish. This enhancement allows businesses to provide official answers in these languages, leveraging advanced Natural Language Processing technology. The expansion comes amid a surge in website visits due to the COVID-19 pandemic, with some sectors seeing increases of up to 376%. Yext's initiative aims to improve customer experience and drive higher conversion rates, as evidenced by early adopters reporting up to 42% reductions in support tickets.
Yext (NYSE: YEXT) has launched its Summer '20 Release, aimed at enhancing its Search Experience Cloud platform. Key features include Query Rules for customizable search results, Jobs Enhancements to streamline hiring processes, and Deleted Review Recognition for better management of customer feedback. These updates are designed to help businesses provide accurate information and attract talent during the ongoing COVID-19 pandemic. CEO Marc Ferrentino emphasized the growing demand for reliable information in today's fast-paced environment.
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