Five9 (FIVN) Tops Q1 EPS by 2c; Guides FY EPS Lower

Five9 (NASDAQ: FIVN) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $95.1 million versus the consensus estimate of $89.58 million.

“We delivered strong first quarter results, with revenue of $95.1 million, up 28% year-over-year, driven by our continued success in our Enterprise business. I am extremely proud of the ways in which we’ve delivered exceptional service to our customers during the COVID-19 pandemic. In recent weeks we’ve helped our customers transition tens of thousands of agents to work from home, and mobilized a rapid response team and toolset to give customers flexibility to scale up and scale down on the platform. Throughout this challenging time and when it mattered most, we delivered the highest uptime in the history of the Company. We believe the steady migration of premise to cloud only stands to accelerate given the crucial need for people to work from home, and, the increasing importance around customer service and retention. As we move through 2020, we will strive to continue to deliver the extraordinary service Five9 is known for and maintain our focus on disciplined and balanced growth.”

- Rowan Trollope, CEO, Five9

GUIDANCE:

Five9 sees Q2 2020 EPS of $0.15-$0.16, versus the consensus of $0.15. Five9 sees Q2 2020 revenue of $90.5-91.5 million, versus the consensus of $89.4 million.

Five9 sees FY2020 EPS of $0.72-$0.76, versus the consensus of $0.84. Five9 sees FY2020 revenue of $380.5-383.5 million, versus the consensus of $380.14 million.

For earnings history and earnings-related data on Five9 (FIVN) click here.

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