Yext, Inc. Provides Earnings Guidance for the Third Fiscal Quarter Ending October 31, 2022 and the Fiscal Year Ending January 31, 2023
September 07, 2022 at 04:18 pm EDT
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Yext, Inc. provided earnings guidance for the third fiscal quarter ending October 31, 2022 and the fiscal year ending January 31, 2023. For the quarter, the company expects Revenue is projected to be in the range of $99.0 million to $100.0 million. Third quarter revenue guidance includes a negative impact of $1.0 million to reflect recent foreign currency exchange rates.
For the fiscal year, the company expects Revenue is projected to be in the range of $399.4 million to $401.4 million. Full year revenue guidance includes a negative impact of $8.0 million to reflect recent foreign currency exchange rates.
Yext, Inc. is a provider of an answer platform. The Company is engaged in organizing businesses facts to deliver relevant, actionable answers to consumer questions throughout the digital ecosystem. Its platform lets businesses structure the facts about their brands in a database called the Knowledge Graph. Its platform is built to leverage the structured data stored in the Knowledge Graph to deliver a search experience on a business or organization's own Website, as well as across over 200 service and application providers, which it refers to as its Publisher Network, and includes Amazon Alexa, Apple Maps, Bing, Cortana, Facebook, Google, Google Assistant, Google Maps, Siri, and Yelp. The Company's platform offers various features, including Listings, Pages, and Search, along with its other features and capabilities. The Company also offers field user support, which includes one-on-one training, review of content based on brand guidelines, and other support services.