Five9 (FIVN) Tops Q4 EPS by 5c
Five9 (NASDAQ: FIVN) reported Q4 EPS of $0.27, $0.05 better than the analyst estimate of $0.22. Revenue for the quarter came in at $92.3 million versus the consensus estimate of $86.7 million.
“We delivered very strong fourth quarter results, leading to a great close of the year. Fourth quarter revenue was $92.3 million, up 28% year-over-year, and was driven by our success in our Enterprise business. In 2019, we believe we set the foundation for our next decade of growth. We significantly strengthened the leadership team and expanded our product and platform to deliver the best-of-breed experiences for large enterprises. We made strides in further improving our bottom line and operating cash flow despite increased investments in R&D and go-to-market. We believe these investments position us well to continue to deliver sustained profitable growth as we execute in this massive, underpenetrated market that is being driven by two trends: the migration of premise to the cloud and the increasing focus on improving customer experience as part of overall digital transformation.”
GUIDANCE:
Five9 sees Q1 2020 EPS of $0.15-$0.16, versus the consensus of $0.15. Five9 sees Q1 2020 revenue of $89-90 million, versus the consensus of $86.4 million.
Five9 sees FY2020 EPS of $0.83-$0.87, versus the consensus of $0.86. Five9 sees FY2020 revenue of $380.5-383.5 million, versus the consensus of $372.5 million.
For earnings history and earnings-related data on Five9 (FIVN) click here.
