Five9 (FIVN) Tops Q3 EPS by 9c, Revs Beat

Five9 (NASDAQ: FIVN) reported Q3 EPS of $0.27, $0.09 better than the analyst estimate of $0.18. Revenue for the quarter came in at $121.1 million versus the consensus estimate of $101.12 million.

"We delivered outstanding third quarter results with revenue of $112.1 million, growing 34% year-over-year and 12% sequentially, both all-time highs for us as a public company, and Adjusted EBITDA margin was 21.5%, also a third quarter record. Positive industry trends continue to accelerate and help drive our performance. The contact center is the new front door for many businesses. We believe the premise to cloud transition and digital transformation trends will accelerate, and demand for AI driven automation will increase, placing Five9 at the forefront of a massive opportunity. We continue to execute on our go-to-market initiatives, which balance the strength of our direct salesforce with a diverse group of channel partners. Additionally, we are receiving very positive feedback on the enhanced product capabilities we have delivered over the last quarter. Finally, today we announced the execution of a definitive agreement to acquire Inference Solutions Inc. ("Inference"), a leader in the emerging Intelligent Virtual Agent market. Leveraging virtual agents to meet increasing customer interactions is rapidly becoming a requirement of the modern contact center. We are excited to build upon this acquisition and believe we are well positioned for continued growth.”

GUIDANCE:

Five9 sees Q4 2020 EPS of $0.22-$0.24, versus the consensus of $0.22. Five9 sees Q4 2020 revenue of $114.5-115.5 million, versus the consensus of $104.58 million.

Five9 sees FY2020 EPS of $0.87-$0.88, versus the consensus of $0.78. Five9 sees FY2020 revenue of $421.5-422.5 million, versus the consensus of $400.51 million.

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

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