Five9, Inc. (NASDAQ: FIVN), a leading provider of cloud contact center software, announced impressive third quarter 2024 financial results, with revenue increasing 15% year-over-year to a record $264.2 million, surpassing analyst estimates.

The company's subscription revenue grew a robust 20% compared to the same period last year, reflecting strong demand for its intelligent cloud contact center platform. Notably, Five9 achieved an adjusted EBITDA margin of 19.8%, underscoring its operational efficiency and driving robust operating cash flow of $41.1 million during the quarter.

Five9's CEO, Mike Burkland, expressed confidence in the company's AI-powered platform, stating, "We believe our AI-powered platform is at the forefront of enabling a hyper-personalized experience, continuous engagement, and seamless customer journeys, all while creating a pathway for durable growth." The company's focus on innovation and leveraging AI capabilities positioned it well to capitalize on the growing market opportunity.