Yext Stock Price, News & Analysis

Yext, Inc. (NYSE: YEXT) has received three awards in Built In's 2022 Best Places to Work, including 'Best Large Companies to Work For' in New York City and the Bay Area. These awards recognize companies based on employee benefits, DEI programs, and workplace culture. Yext employs over 1,300 staff globally and offers comprehensive benefits, flexible vacation, and resources supporting diverse workstyles. The company aims to create exceptional workplaces that adapt to employee needs amidst ongoing changes in the tech industry.

Yext, the AI Search Company, announced its Winter '21 Release, introducing new features to enhance its platform. Key updates include Listings Modernization, allowing easier data integration; Consumer Authorization, enabling secure user experiences; Connector Updates, which unify business data for AI search; and Answers Headless React, offering tools for building custom search experiences. These advancements are aimed at meeting the evolving needs of various stakeholders and optimizing the effectiveness of enterprise search solutions.

Yext, Inc. (NYSE: YEXT) reported financial results for Q3 fiscal 2022, with revenue of $99.5 million, marking a 12% increase from the previous year. Gross profit rose by 10% to $74.3 million, but the company reported a net loss of $24.9 million, compared to $22.0 million the prior year. Their annual recurring revenue increased 12% year-over-year to $387 million. For Q4, revenue guidance is between $100 million to $102 million, with a projected non-GAAP net loss per share of $0.10 to $0.08.

Yext (NYSE: YEXT) plans to announce its third quarter fiscal year 2022 results on December 2, 2021, post-market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results with investors. This event will be accessible via live webcast on the Yext Investor Relations website. A replay will be available until December 9, 2021. Yext continues its mission as the AI Search Company, providing businesses with innovative AI-powered search solutions for improved customer engagement.

Yext (NYSE: YEXT) announced new AI search solutions aimed at modernizing digital experiences for government agencies, responding to the 21st Century Integrated Digital Experience Act (IDEA). A recent study showed that better online experiences increase the likelihood of constituents seeking information (54%), speaking positively (42%), and complying with directives (36%). The solutions include a Self-Service Portal, Site Search, Reputation Management, and SEO optimization to enhance agency engagement. New hires in the public sector sales organization further support these efforts.

Yext, Inc. (NYSE: YEXT) announced new integrations with Acquia Drupal Cloud, enhancing AI-powered search experiences for businesses. This collaboration allows companies to seamlessly sync information into Yext's knowledge graph, making data readily available for AI search. Yext's Answers AI platform utilizes advanced natural language processing to provide direct answers instead of links, improving customer engagement. The partnership aims to optimize digital experiences, reduce support costs, and drive conversions for Acquia users.

Yext, a leader in AI search solutions, unveiled its Financial Services Cloud on October 18, 2021. This innovative offering is tailored for banks and financial institutions, featuring enhanced AI-powered search functionalities, including Guided Search. This new capability personalizes user experiences by guiding clients through tailored questions to find optimal financial solutions. Other key features include Reputation Management, marketing support for branches, and customizable service pages, all aimed at improving conversion rates and customer satisfaction.

On Oct. 14, 2021, Yext announced a successful partnership with Samsung to enhance its help site using Yext's Support Answers AI-powered search solution. This optimization has significantly improved customer support metrics, including a 45% increase in Net Promoter Score (NPS), 33% in Customer Satisfaction Score (CSAT), and a 19% rise in customer engagement. Within eleven weeks, Samsung also saw a 40% boost in click-through rates. Yext's solution effectively transformed Samsung's search capabilities, providing direct answers to customer inquiries.