EXCHANGE: New York
Yext is pioneering a new category called Digital Knowledge Management,
which gives businesses control of all of the public facts that they
want consumers to know across the intelligent ecosystem. The Yext
Knowledge Engine™ lets companies manage their digital knowledge in the
cloud and sync it to over 100 services in the PowerListingsŪ
Network. Yext Listings, Pages, and Reviews help businesses around
the globe to facilitate face-to-face and digital interactions that
boost brand awareness, drive foot traffic, and increase sales.
Yext, Inc. Announces Third Quarter Fiscal 2018 Results
- Third Quarter Revenue of $44.3 Million, an Increase of 39% Year-Over-Year
- Gross Margin of 73.7% as Compared to 70.8% in the Year Ago Quarter
- Issues Revenue Guidance of $47.3 Million - $48.3 Million for the Fourth Quarter Fiscal 2018
- Reaffirms Revenue Guidance of $169.5 Million - $170.5 Million for Fiscal 2018
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the
leader in digital knowledge management, today announced its results for
the three months ended October 31, 2017, or the Company's third quarter
of fiscal 2018.
"We are very pleased with our results this quarter, highlighted by
revenue growth of 39% over the third quarter last year and the
continued expansion of our gross margins, which increased 290 basis
points over the year ago quarter," said Howard Lerman, Co-Founder and
Chief Executive Officer of Yext.
"We experienced record attendance at our recent ONWARD user conference,
where this year's theme was the Intelligent Future. A world-class
line-up of speakers, including technology leaders from Amazon, Google,
Microsoft and others, discussed how artificial intelligence, machine
learning and voice search are revolutionizing the way businesses need
to engage with their customers. Yext is ideally positioned to
provide our customers with the tools and resources they need to respond
to the Intelligent Future.
"With the launch of our new services, such as Yext for Food and Yext
for Events, and new features, like Yext Knowledge Assistant - which
lets companies keep all of their critical information up to date
through a conversational user interface - our addressable market
continues to grow and we continue to make it even easier for customers
to work with Yext. We continue to believe we are well positioned
for long-term success."