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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 (NYSE: YEXT) has launched its Fall '22 Release for early access, enhancing its Listings product. Key features include Listings Verifier for accurate listing visibility, new integrations with Twitter and Instagram, and improved notifications for users. The update also introduces Point-in-time Backups for easy version control of web pages and the Equinox Algorithm Update to enhance search functionality. These additions aim to improve user engagement and optimize digital experiences for organizations.
Yext has launched its Search product in the AWS Marketplace, enabling AWS customers to streamline billing and procurement. This integration allows customers to purchase Yext Search using existing cloud commitments, facilitating a simplified purchasing experience. The product enhances natural language search capabilities and has received over 250 five-star reviews on G2. According to Marc Ferrentino, Yext's COO, this initiative accelerates time-to-value and expands their reach globally. The partnership with AWS, initiated in 2018, aims to improve digital experiences for organizations.
Nielsen joins Yext as Chief Revenue Officer, bringing over 20 years of experience in enterprise tech. His previous role at New Relic saw him lead a team that tripled year-over-year growth, nearing $1 billion in revenue. Nielsen will oversee global revenue operations and drive strategic alignment across revenue functions. His appointment is expected to enhance Yext's sales and go-to-market strategy, aligning with the company’s mission to innovate digital experience solutions.
Yext has appointed Evan Skorpen as an independent director on its Board of Directors, effective immediately. Skorpen, a Partner and Public Portfolio Manager at Lead Edge Capital, brings over 12 years of experience in overseeing investments in growth-stage technology companies. Known for his contributions to tech firms, he aims to leverage Yext's capabilities in delivering customer-driven digital experiences. His role is expected to enhance Yext's operational efficiency and growth trajectory as the company continues to innovate in the digital space.
Yext has been recognized by KMWorld as a Trend-Setting Product of 2022 for its Answers Platform, showcasing innovative solutions that enhance knowledge sharing within organizations. This recognition underlines Yext's strength in providing effective enterprise solutions powered by AI and natural language processing. Additionally, Yext was included in KMWorld's AI 50 list, emphasizing its impact in intelligent knowledge management. Joe Jorczak, Yext's Head of Industry for Service and Support, expressed pride in this acknowledgment, highlighting the platform's role in enabling organizations to deliver relevant answers across various digital platforms.
Yext, known as the Answers Company, has announced the general availability of its Summer '22 Release. This update introduces enhancements to Listings, a new Pages architecture, and various features aimed at boosting platform extensibility. Key updates include newly available analytics from Google, improved status details for Listings management, a React component library for custom search UI, and the Solstice algorithm update enhancing search capabilities. Overall, these advancements aim to streamline digital experiences for businesses.
Yext reported a 3% year-over-year revenue increase in Q2 FY2023, reaching $100.9 million, despite a $2.8 million negative impact from foreign currency exchange. Customer count rose 8% to over 2,870, and ARR grew 2% to $387 million. The company’s net loss narrowed to $20 million, with a net loss per share of $0.16. Yext is projecting Q3 revenue between $99 million and $100 million and an annual revenue forecast of $399.4 million to $401.4 million.
Yext, Inc. (NYSE: YEXT) announced that its second quarter fiscal year 2023 results will be disclosed on September 7, 2022, post-market close. The company will conduct a conference call at 4:30 p.m. (ET) to discuss the financial results with investors. A live webcast will be available on the Yext Investor Relations website. A replay of the event can be accessed until September 16, 2022 at specific dial-in numbers. Yext focuses on helping organizations provide accurate answers about their business through its Answers Platform.
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