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. reports company news around its brand visibility and digital presence platform for multi-location brands. Its updates cover AI and machine-learning technology used to manage structured brand information across search, social media, websites, listings, reviews, reputation management, and customer engagement channels.
Recurring developments include quarterly and fiscal-year results, non-GAAP operating metrics, partner integrations with restaurant and digital marketing technology providers, and capital actions involving Yext common stock. News also reflects how the company positions its platform across AI search, traditional search, social channels, and direct communications for businesses managing digital presence at scale.
Yext (NYSE: YEXT) has launched a new podcast series titled "The Next Wave" as part of its Yext Talks platform. The series aims to address the increased interest in new business and cultural norms following the COVID-19 pandemic. Hosted by Chief Data Officer Christian Ward and Chief Marketing Officer Josh Grau, the first episode discusses advancements in website search technology. Upcoming episodes will feature influential guests discussing topics ranging from digital marketing to inclusive design. The podcast is available on major platforms including Spotify and Apple Podcasts.
Yext, Inc. (NYSE: YEXT) has partnered with Wilkes University to enhance its website search experience for students and faculty. This collaboration aims to provide accurate information using Yext Answers, leveraging advanced natural language processing and BERT technology. Wilkes University identified key queries from site visitors, successfully loading 80 academic programs in 20 days and launching 176 searchable FAQs in 25 days. After integrating Yext Answers, the university reported a 54% click-through rate on search results. This initiative aims to meet student needs during the COVID-19 pandemic, improving their overall online experience.
On March 29, 2021, Yext (NYSE: YEXT) announced its recognition as a leader on the Spring 2021 G2 Grid in five categories: Enterprise Search Software, Local Marketing Software, Online Reputation Management Software, Enterprise/Mid-Market Local SEO Software, and Local Listings Management Software. Yext also received multiple badges, including 'Easiest Admin' and 'Best Relationship'. The company emphasized customer feedback's role in these achievements and highlighted its ongoing commitment to improving search experiences.
Yext, Inc. (NYSE: YEXT) has launched a new incentive program for its Listings product as part of the #Back2Biz campaign, aiming to assist businesses in recovering from COVID-19 impacts. From April 1 to June 30, eligible businesses can access special pricing for Listings and an easy transition incentive for those switching from other providers. Yext Listings enable businesses to manage their presence across 200 platforms, ensuring up-to-date information on operations and offers, thus enhancing customer confidence as foot traffic resumes.
Yext, Inc. (NYSE: YEXT) announced its Spring '21 Release, a major update that introduces the 'Orion' search algorithm along with advanced features like Extractive QA, a website crawler, and data connectors. These innovations aim to enhance search experiences by leveraging natural language processing and streamlining data management for businesses. With an emphasis on improving accuracy in delivering answers, Yext's updates cater to both customer-facing and authenticated employee searches, marking a significant step in modernizing their search platform.
Yext, Inc. (NYSE: YEXT) reported a 13% revenue increase to $92.2 million for Q4 FY2021, with a total annual revenue of $354.7 million, up 19% year-over-year. Gross profit rose 17% to $70.6 million, translating to a gross margin of 76.6%. The net loss decreased to $18.3 million from $30.6 million in Q4 FY2020. Yext expects Q1 FY2022 revenue between $87 million to $89 million and full-year revenue between $375 million to $380 million. The company's cash position remains strong at $230 million.
Yext (NYSE: YEXT) announced that its Founder and CEO, Howard Lerman, will participate in a virtual fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on March 4, 2021, at 10:15 a.m. ET. A live webcast of the event will be available on Yext's Investor Relations website. For those unable to attend live, a replay will be accessible shortly after the event. Yext is dedicated to enhancing the search experience for businesses globally, ensuring accurate answers are provided across various platforms.
Yext, Inc. (NYSE: YEXT) will release its fourth-quarter and full fiscal year 2021 results on March 3, 2021, post-market close. A conference call is scheduled for 4:30 p.m. ET to discuss the financial outcomes. Investors can access a live webcast through the Yext Investor Relations website. Additionally, Yext will host a Virtual Investor Day on March 17, 2021, at 2:30 p.m. ET, with registration details available online.
Yext, Inc. (NYSE: YEXT) announced the launch of its advanced natural language processing algorithm, extractive question answering (QA), set to debut on March 17 as part of the Orion update. This algorithm enhances Yext's site search by providing direct answers from unstructured documents, improving customer interactions. Unlike traditional keyword searches, extractive QA offers a richer search experience by delivering precise snippets of information. Chief Strategy Officer Marc Ferrentino emphasized its role in modernizing search and helping organizations with digital transformation.
Yext, Inc. (NYSE: YEXT) announced the promotion of David Rudnitsky to President and Chief Revenue Officer on Feb. 8, 2021. Rudnitsky, who joined Yext in 2017, previously led the enterprise sales organization in North America. With over 35 years of technology and cloud sales experience, he has a proven record, having contributed significantly to Salesforce's growth from $51 million to almost $6 billion in revenue. CEO Howard Lerman expressed confidence in Rudnitsky's ability to drive Yext's growth during the next phase of operational development.