Shares of Five9 Inc. (FIVN) soared 6.10% on Wednesday after the cloud software company reported better-than-expected revenue for the third quarter.
Five9 said its Q3 revenue came in at $264.2 million, topping Wall Street's expectations of $255.1 million. However, the company posted a net loss of $4.5 million for the quarter.
The strong revenue growth appears to have outweighed concerns over profitability, driving Five9's stock price higher. Investors seem optimistic about the company's ability to continue expanding its customer base and monetizing its cloud contact center software solutions.
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