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 has joined the MACH Alliance, an industry group promoting open technology ecosystems. This membership demonstrates Yext's compliance with the MACH standards: microservices-based, API-first, cloud-native SaaS, and headless architecture. The partnership allows Yext to enhance its Answers Platform, which offers integrative solutions for businesses to connect various digital experiences efficiently. With this certification, Yext aims to facilitate the shift from outdated systems to flexible, best-of-breed technologies.
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Yext, Inc. reported its Q4 FY23 results, achieving revenue of $101.9 million, a 1% year-over-year increase. The full-year FY23 revenue reached $400.9 million, up 3%. The company reported a net loss of $7.8 million for Q4, improving from a loss of $23.1 million in Q4 FY22. Non-GAAP net income was $6.3 million versus a loss of $4.1 million a year earlier. Annual Recurring Revenue (ARR) rose 3% to $400 million, with customer count increasing 7% to over 2,960. Yext anticipates Q1 FY24 revenue between $98.0 million and $99.0 million and full-year revenue guidance of $402.0 million to $406.0 million.
Yext (NYSE: YEXT) announces participation in the 35th Annual Roth Conference on March 13, 2023. CEO Michael Walrath and CFO Darryl Bond will engage in a fireside chat at 3:00 PM ET and are available for one-on-one meetings with investors later that day.
A live video and audio webcast can be accessed via the Yext Investor Relations website, with a replay available until March 12, 2024. Yext continues to empower organizations by providing authoritative answers through its innovative Answers Platform, enhancing customer engagement across various digital platforms.
Yext has unveiled new generative AI capabilities within its Knowledge Graph, aimed at automating and enhancing content creation processes for businesses. The feature will officially launch in March, following a successful year-long pilot with select customers. This innovation employs large language models, including GPT-3, to generate and suggest tailored content that aligns with a client's existing information and brand identity. Organizations can streamline creating various content types, from descriptions to blog posts, while maintaining quality control through a review workflow.
Yext, Inc. (NYSE: YEXT) has announced its Investor Day, scheduled for April 4, 2023, at its headquarters in New York City. Presentations will begin at 2:00 p.m. ET (11:00 a.m. PT), featuring insights from the executive leadership team about the company's strategy, vision, and financial objectives. A live Q&A session will follow. Interested attendees can register to attend in person or watch via live broadcast on the Yext Investor Relations website. A replay and supporting materials will be available post-event.
Yext, Inc. (NYSE: YEXT) will release its fourth quarter and full fiscal year 2023 results on March 7, 2023, after the market closes. The company will conduct a conference call at 5:00 p.m. ET to discuss these financial results with investors. A live webcast will be available on Yext's Investor Relations website. Interested parties can join the call via a dial-in number, with a replay available until March 14, 2023. Yext provides an Answers Platform that helps organizations manage and deliver business information effectively across digital platforms.
Yext has launched Yext Chat, an innovative product that allows organizations to create AI-powered conversational experiences using OpenAI's GPT-3. The product is available for closed beta testing, with a public release planned later this year.
Yext Chat leverages the Yext Knowledge Graph to ensure accurate and authoritative responses, setting it apart from general-purpose AI models which may provide unreliable information. This launch is part of Yext's ongoing integration of AI into its Answers Platform, enhancing customer interactions across various digital channels.
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Yext (NYSE: YEXT) has been ranked as the top software vendor in multiple categories by G2 for the 10th consecutive quarter. The company received positive feedback, achieving leadership status in 29 of G2's Winter Grid® Reports, including Local Listings Management and Reputation Management. Yext secured the #1 position in 10 reports, attributed to high user ratings and endorsements such as 'Best Estimated ROI' and 'Best Support.' President Marc Ferrentino emphasized the importance of user feedback in driving innovation, while customer reviews praised Yext for its ease of use and exceptional support.