Stock Track | Five9 Reports Strong Q3 2024 Results with Revenue Up 15%

Stock Track

Nov 08, 2024

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.

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(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.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FIVN","symbol_name":"Five9 Inc","start_time":0,"source_url":"","article_id":"1166379425","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166379425","pubTimestamp":1731035039,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Five9, Inc. , 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. 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