Five9 (NASDAQ: FIVN) reported Q2 EPS of ($0.02), $0.05 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $38.9 million versus the consensus estimate of $36.86 million.

"Our second quarter results were truly outstanding with further acceleration on the top line driven by LTM enterprise subscription revenue growth of 41%. Furthermore, we continued to enjoy exceptional leverage in our business model resulting in record adjusted EBITDA. Since our IPOeight quarters ago, our adjusted EBITDA margins have increased by nearly 34 percentage points. I am also extremely pleased that our bookings and pipeline reached new highs. Our results continued to be driven by strong enterprise gains, which deliver high marginal profitability. We are still in the early days of a massive push towards modernization of customer service and contact center technologies, including both CRM and contact center infrastructure. Given our strong position in this market and the momentum in our business, we are raising 2016 guidance.”

GUIDANCE:

Five9 sees Q3 2016 EPS of ($0.04)-($0.06), versus the consensus of ($0.06). Five9 sees Q3 2016 revenue of $38.6-39.6 million, versus the consensus of $37.9 million.

Five9 sees FY2016 EPS of ($0.12)-($0.16), versus prior guidance of ($0.19)-($0.23) and the consensus of ($0.21). Five9 sees FY2016 revenue of $155.8-157.8 million, versus prior guidance of $151.5-154.5 million and the consensus of $153.5 million.

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