Yext passes its first test as a publicly traded company


Yext’s first earnings report as a publicly traded company seems to be a boringly pleasant one — but that’s a good thing for a company that needs to show strong performance out of the gate.

These early reports can be critical for setting the stage and expectations for a company going forward. Snap, for example, whiffed on its first earnings and promptly saw its stock tank, and Twilio’s last report did not fare that well either. While Snap opened the floodgates for IPOs this year, an enterprise company like Yext had to show the kind of predictable growth and performance that might be expected from similar companies like Box (which also had a boringly pleasant earnings report this quarter).

Now on to the boring bits, which sent the stock up 1 percent in extended trading: Yext…

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