Five9: Q2 Earnings Insights

Shares of Five9 FIVN fell 1.65% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 5.00% over the past year to $0.21, which beat the estimate of $0.15.

Revenue of $99,792,000 higher by 28.87% from the same period last year, which beat the estimate of $91,010,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 03, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/22mqsqiz

Recent Stock Performance

52-week high: $122.19

52-week low: $48.64

Price action over last quarter: Up 39.03%

Company Overview

Five9 is a provider of contact-center-as-a-service software. Its applications are in the early stages of replacing on-premises contact center infrastructure with cloud penetration at roughly 15%. CCaaS solutions support omnichannel communication and include automatic call distribution and interactive voice response. Five9's intelligent routing solutions can direct customer inquiries to the call center agent best able to handle a customer's inquiry and suggest the best course of action for an agent to resolve the question quickly and satisfyingly. Over 90% of Five9's revenue is recurring, with two thirds attributed to subscriptions and one third related to usage (in minutes). The company was founded in 2001 and is headquartered in San Ramon, California.