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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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