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Oct 31, 2022
Yext Q3 2023 Earnings Report
Yext's Q3 2023 performance was marked by a focus on execution and profitability, with revenue remaining consistent year-over-year and ARR increasing slightly.
Key Takeaways
Yext, Inc. reported its Q3 Fiscal 2023 results, with revenue of $99.3 million, consistent year-over-year, and an ARR of $390 million, up 1% year-over-year. The company's net loss per share was $0.10, while non-GAAP earnings per share were $0.02.
Revenue of $99.3 million, consistent year-over-year or up 4% on a constant currency basis.
Net loss per share of $0.10 or non-GAAP earnings per share of $0.02.
ARR of $390 million, an increase of 1% year-over-year or up 4% on a constant currency basis.
Customer count increased 6% year-over-year to approximately 2,900.
Yext
Yext
Forward Guidance
Yext provided guidance for its fourth fiscal quarter ending January 31, 2023, and the full fiscal year ending January 31, 2023.
Positive Outlook
- Revenue is projected to be in the range of $100.0 million to $101.0 million for Q4 Fiscal 2023.
- Non-GAAP net income per share is projected to be $0.02 to $0.03 for Q4 Fiscal 2023.
- Revenue is projected to be in the range of $399.0 million to $400.0 million for the full year Fiscal 2023.
- The fourth quarter revenue guidance does not assume any additional impact from foreign currency exchange rates.
- Non-GAAP net loss per share is projected to be $0.05 to $0.04 for the full year Fiscal 2023.