Five9 Q1 revenue up 13% to $247M; non-GAAP EPS $0.48; raises full-year guidance

Five9, Inc.

2024-Q1 EPS reported -$0.10 revenue$247,010,000

Revenue $247.0M (+13% YoY); subscription revenue +20% YoY to a record.
GAAP net loss $(7.1M) ($0.10 loss/shr); non-GAAP net income $35.7M ($0.48/shr).
Adjusted EBITDA $37.6M (15.2% of revenue); GAAP operating cash flow $32.4M.
Signed largest deal ever with Fortune 50 financial services company.
Q2 2024 guidance: revenue $253-257M; full-year revenue raised to $1.055-1.075B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Five9, Inc. reported the first quarter ended March 31, 2024 results: revenue $247.0 million, net income GAAP net loss for the first quarter of 2024 was $(7.1) million, EPS $(0.10) per basic share.

Period: the first quarter ended March 31, 2024
Revenue: $247.0 million
Net income: GAAP net loss for the first quarter of 2024 was $(7.1) million
EPS: $(0.10) per basic share
Result: reported results

Exact text from the filing

today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results • Revenue for the first quarter of 2024 increased 13% to a record $247.0 million, compared to $218.4 million for the first quarter of 2023. • GAAP gross margin was 53.6% for the first quarter of 2024, compared to 52.0% for the first quarter of 2023. •

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Source: SEC EDGAR

accession 0001288847-24-000059

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