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 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.
Yext, Inc. (NYSE: YEXT) announces its Summer '20 Product Release, now available for early access. This release includes enhanced features for businesses to customize search results, vital for adapting to a rapidly changing environment.
Key features include Query Rules for tailored search results, Jobs Enhancements to streamline the hiring process, and Deleted Review Recognition for improved review management. These updates empower businesses to deliver accurate information effectively, meeting increased customer inquiries during unprecedented times.