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, 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.
Yext, Inc. (NYSE: YEXT) will release its third quarter fiscal year 2021 results on December 3, 2020, after market close. A conference call discussing the financial results will occur at 4:30 p.m. ET. Investors can access a live webcast on the Yext Investor Relations website. The company aims to improve the search experience for businesses, ensuring official answers to consumer queries online. Yext serves notable clients including T-Mobile and the U.S. State Department, enhancing the accuracy of information provided across various platforms.
Yext, Inc. (NYSE: YEXT) announced the launch of its WordPress Answers Connector, a plugin designed to integrate Yext's advanced site search product, Answers, into WordPress pages. Utilizing natural language processing and BERT technology, the plugin enhances customer experience by providing accurate answers to queries. This user-friendly solution requires minimal IT management, enabling businesses to improve conversion rates significantly. Yext aims to help organizations deliver consistent and official answers across various platforms, reinforcing its mission of enhancing search experiences.
Yext (NYSE: YEXT) announced that CFO Steve Cakebread will participate in a virtual fireside chat hosted by RBC Capital Markets on November 18, 2020, at 10:45 a.m. ET. A live webcast of the discussion will be available on the Yext Investor Relations website. Yext is dedicated to improving the search experience by ensuring businesses provide accurate information to consumers online, with notable clients including T-Mobile and the U.S. State Department.
Yext, Inc. (NYSE: YEXT) has announced the launch of Yext Answers in Japanese, expanding its site search product's capabilities. This addition is part of the 'Andromeda' algorithm update, enabling businesses in Japan to provide accurate answers to consumer queries on their websites. Yext Answers, initially launched in English in 2019, utilizes advanced NLP and BERT technology to enhance user experience. The service is available for a 90-day free trial, facilitating immediate implementation for Japanese businesses. This expansion follows the recent introduction of Answers in several European languages.
Yext, Inc. (NYSE: YEXT) announced the Fall '20 Release, now available for early access, enhancing its Search Experience Cloud platform. Key features include new implementation options for Yext Answers, allowing businesses to embed search functionalities on their websites or use an overlay option. The Yext Knowledge Graph now offers custom sections for organizing business information, and businesses can view customer suggestions from Bing to improve accuracy in listings. These updates aim to help businesses efficiently respond to customer inquiries in an ever-evolving digital landscape.
Yext (NYSE: YEXT) has partnered with WebMD to enhance the health care provider information available on WebMD Care and Vitals. The integration allows hospitals and healthcare systems to manage crucial data about their providers, including accepted insurances and specialties. This collaboration targets over 76 million monthly WebMD visitors and aims to provide accurate, current information to patients seeking health care services. Carrie Liken from Yext emphasized the significance of delivering reliable health information, particularly in today’s climate of misinformation.
Yext, Inc. has appointed Hillary Smith, Operating Partner at Craft Ventures, to its Board of Directors, effective October 21, 2020. Smith's extensive experience as a tech executive is expected to provide a valuable perspective as Yext aims to enhance its position in the search industry. She previously served as general counsel for several technology firms and has been recognized for her contributions to tech law. Chairman Michael Walrath expressed optimism about her joining, highlighting her role in Yext's growth strategy and transformation of the branded search landscape.
Yext has partnered with Adelphi University to enhance the university's website through Yext Answers, its innovative search product. This collaboration aims to improve the search experience for users by utilizing Natural Language Processing (NLP) to provide instant answers to queries related to admissions, programs, and COVID-19 updates. The new mobile-optimized and user-friendly website will facilitate easy access to critical information for students and families.
As Adelphi adapts to a hybrid learning model, this initiative reflects their commitment to enhancing the student experience.