Yext, Inc. (NYSE:YEXT) Q1 2023 Earnings Conference Call June 8, 2022 4:30 PM ET

Company Participants

Ho Shin - General Counsel

Michael Walrath - CEO

Marc Ferrentino - COO and President

Darryl Bond - CFO

Conference Call Participants

Naved Khan - Truth Securities

Ryan MacDonald - Needham

Christopher Madison - William Blair

Operator

Good day, and welcome to the Yext, Inc. First Quarter Fiscal 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Ho Shin, General Counsel. Please go ahead.

Ho Shin

Thank you, Sarah, and good afternoon, everyone. Welcome to the Yext fiscal first quarter 2023 conference call. With me today are CEO, Mike Walrath, COO and President, Marc Ferrentino; and CFO, Darryl Bond.

Before we begin, I'd like to remind everyone that this call may contain forward-looking statements, including statements about expectations regarding growth of our business, our management and governance plans, forward-looking guidance and estimates of financial and operating metrics, capital expenditures and other nonhistorical statements as further described in our press release. These forward-looking statements are subject to certain risks, uncertainties and assumptions, including those related to Yext growth, the evolution of our industry, our product development and success, our management performance and general economic and business conditions, such as the impact of the COVID-19 pandemic. We undertake no obligation to revise any statements to reflect changes that occur after this call.

Descriptions of these and other risks that could cause actual results to have a material difference from these forward-looking statements are discussed in our reports filed with the SEC, including our most recent quarterly and annual reports and our press release that was issued this afternoon.

During the call, we also refer to non-GAAP financial measures. Reconciliations with the most comparable GAAP measures are also available in the press release, which is available at investors.yext.com. Please note that Darryl is dealing with the case of laryngitis, so Mike will also be delivering Darryl's prepared remarks, but Darryl will do his best to participate in the Q&A.

With that, I will turn the call over to Mike.

Michael Walrath

Thanks, Ho, and thanks, everybody, for joining us today.

We're making progress in our efforts to streamline the business, improve operating efficiency and re-architect our go-to-market strategy. We have installed a lot of change in the last 90 days. I'm encouraged by the changes we are making to further improve our operating results in the future and particularly by the responsiveness of our team to a different set of operating principles. We have an amazing group of talented people across this company, and I'm really excited to work with them as we build the future of Yext.