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Apr 30, 2020
Yext Q1 2021 Earnings Report
Yext's first quarter revenue increased, customer count grew, and structured facts in the Knowledge Graph expanded, while the company issued guidance for the second quarter and announced a strategic relationship with Adobe.
Key Takeaways
Yext, Inc. announced its first quarter fiscal 2021 results with a 24% year-over-year increase in revenue to $85.4 million. The customer count increased by 36% year-over-year to nearly 2,100, and structured facts in the Yext Knowledge Graph increased by 43% to over 295 million.
Revenue increased 24% year-over-year to $85.4 million.
Customer count increased 36% year-over-year to nearly 2,100.
Structured Facts in the Yext Knowledge Graph Increased 43% to Over 295 Million
Announced Global Technology Strategic Relationship with Adobe
Yext
Yext
Forward Guidance
Yext provided the following guidance for its second fiscal quarter ending July 31, 2020. Withdrew previously issued full year fiscal 2021 guidance.
Positive Outlook
- Revenue is projected to be in the range of $84 million to $86 million.
Challenges Ahead
- Non-GAAP net loss per share is projected to be $0.13 to $0.11 which assumes 118.5 million weighted-average basic shares outstanding.
- With the uncertainty surrounding the ongoing impact of the COVID-19 pandemic, we are withdrawing our previously issued full year fiscal 2021 guidance.