Shares of call center pioneer Five9 surge as Q4 results, outlook top expectations
Summary
Shares of Five9, makers of cloud-based call center software, surged by over 9% in late trading, after the company this afternoon reported Q4 revenue and profit that comfortably topped analysts expectations, and an outlook for this years revenue easily higher as well. Trollope said the results "were driven by continued exceptional execution, new product innovation, including AI-powered automation technologies, and portfolio expansion along with international traction and positive market tailwinds." Revenue in the three months ended in December rose 39%, year over year, to $127.9 million, yielding EPS of 34 cents, excluding some costs. That compares to consensus for $116 million and 12 cents per share. That compares to consensus of $451.5 million and 84 cents per share.