Yext Inc (NYSE: YEXT) stock fell 5.42% though the company posted better than expected results for the second quarter 2019. The company managed more than 32 million attributes on Yext’s digital knowledge platform as of July 31, 2018, an increase of 41% as compared to July 31, 2017. YEXT has announced a global integration with Amazon, ensuring that consumers who use Alexa for voice search have access to the most up-to-date facts about a business using the platform. The company has expanded the capabilities of the Yext App Directory through additional integrations with SendGrid, TripAdvisor, and TimeTrade.  The Yext App Directory allows customers to connect the digital knowledge they are managing within Yext to other software systems used across the enterprise, such as Salesforce, HubSpot, Zendesk, and StoreForce.

The company posted the net loss of $21.1 million increased 29% as compared to the $16.4 million net loss in second quarter FY18.  The increased loss was driven by increased operating expenses, primarily in sales and marketing, due to efforts to acquire new customers. Net cash used in operating activities for the second quarter of fiscal 2019 was $4.4 million as compared to net cash used in operating activities of $5.6 million in the same period in fiscal 2018.  The improvement in the current period reflects a greater source of cash from working capital.

YEXT in the second quarter of FY 18 has reported the adjusted loss per share of 10 cents, beating the analysts’ estimates for the adjusted loss per share of 11 cents. The company had reported the adjusted revenue growth of 35 percent to $55.1 million in the second quarter of FY 18, beating the analysts’ estimates for revenue of $53.75 billion. The revenue increase was primarily due to the continued growth of our customer base and higher revenue from existing customers, primarily due to expanded subscriptions.

For the third quarter of 2019, YEXT expects revenue to be in the range of $57.5 million to $58.5 million. Non-GAAP net loss per share is expected to be in the range of $0.12 to $0.14, which assumes 99.4 million weighted-average shares outstanding.

For full year 2019, revenue is projected to be $226 million to $228 million, an increase from the Company’s previous expectation of $225 million to $227 million. Non-GAAP net loss per share is expected to be $0.41 to $0.43, an improvement from the Company’s previous expectation of a $0.43 to $0.45 loss per share.  This assumes 98.4 million weighted-average shares outstanding.