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Jul 31, 2020
Yext Q2 2021 Earnings Report
Yext's revenue and EPS exceeded guidance, driven by the 'Land with Answers' sales motion and new logo acquisitions.
Key Takeaways
Yext announced a solid second quarter with revenue of $88.1 million, a 22% increase year-over-year. The company exceeded the high end of its revenue and EPS guidance, driven by sales efficiencies and new customer acquisitions.
Revenue increased 22% year-over-year to $88.1 million.
Gross profit increased 24% year-over-year to $66.1 million with a gross margin of 75.0%.
Net loss was $25.1 million, an improvement from the $29.3 million net loss in the second quarter of fiscal 2020.
Cash and cash equivalents totaled $223 million as of July 31, 2020.
Forward Guidance
Yext projects revenue to be in the range of $86 million to $88 million for the third fiscal quarter ending October 31, 2020. Non-GAAP net loss per share is projected to be $0.09 to $0.07, assuming 120.4 million weighted-average basic shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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