Five9: Fourth Quarter Financial Overview

Five9 Announces Strong Fourth Quarter Results

Five9 Inc., headquartered in San Ramon, California, revealed a net profit of $19.7 million for the fourth quarter.

The company reported earnings of $0.23 per share. After adjusting for expenses related to stock options and amortization, adjusted earnings reached $0.80 per share.

These results exceeded analysts’ expectations, as the consensus among eight analysts surveyed by Zacks Investment Research had projected earnings of $0.79 per share.

The cloud-based call center software provider generated $300.3 million in revenue for the quarter, surpassing the $297.7 million anticipated by six Zacks analysts.

Annual Performance

For the full year, Five9 posted a profit of $39.4 million, or $0.45 per share, with total revenue amounting to $1.15 billion.

Outlook for the Next Quarter and Year

• For the quarter ending in March, Five9 projects earnings per share between $0.66 and $0.70.
• Expected revenue for the fiscal first quarter is forecasted to fall between $296.5 million and $302.5 million.
• For the full year, the company anticipates earnings per share in the range of $3.15 to $3.21, with revenue expected between $1.25 billion and $1.26 billion.