Yext reports Q2 adjusted EPS 5c, consensus 2c

Reports Q2 revenue $97.9M, consensus $98.14M. “Our second quarter results delivered significant margin expansion due to our continued focus on operating efficiency, positioning us for growing profitability,” said Yext CEO and Chair of the Board, Michael Walrath. “We continue to execute against our strategic initiatives and strengthen Yext for the long term. During the quarter, we worked towards closing our acquisition of Hearsay Systems, which we completed on August 1, and the integration of Hearsay’s solutions extends our market leadership. As the only end-to-end digital presence platform in the market, we believe we are uniquely capable of leveraging our combined capabilities to accelerate the pace of innovation and deliver additional value to our customers and partners.”