Shares of Five9 Inc. (FIVN) surged over 23% in pre-market trading on Wednesday, November 8, 2024, after the cloud contact center software provider reported strong third-quarter results and raised its full-year guidance, driven by robust demand for its AI-powered platform.
For the quarter ended September 2024, Five9 posted revenue of $264.2 million, beating analysts' estimates of $255.1 million and representing a 14.8% increase year-over-year. The company's subscription revenue, which accounts for nearly 80% of total revenue, grew an impressive 20% compared to the same period last year.
Five9's adjusted earnings per share of $0.67 also surpassed Wall Street's expectations of $0.58, reflecting a 29% growth from the prior year. The company's adjusted EBITDA margin improved to 19.8%, up 1.9 percentage points year-over-year, demonstrating its operational efficiency.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。