Five9 stock jumps more than 12% as earnings show record revenue

Five9 Inc. (FIVN) shares roared more than 12% higher in after-hours trading Thursday, after the software company reported record quarterly revenue. Five9 reported first-quarter revenue increased nearly 20%, to $218.4 million from $182.8 million a year ago. Five9, which makes software for call centers, reported a net loss of $27.2 million, or 38 cents a share; after accounting for stock compensation and other effects, the company reported earnings of 41 cents a share, up from adjusted earnings of 22 cents a share a year ago. Analysts on average were expecting adjusted earnings of 25 cents a share on revenue of $207.9 million, according to FactSet. Five9 executives also offered second-quarter guidance that exceeded analysts' expectations, and increased their full-year guidance. After closing with a 0.2% decline at $56.50 Thursday, shares neared $64 in the extended session. Five9 stock has declined 16.7% so far this year, as the S&P 500 index has increased 6.5%.

-Jeremy C. Owens

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05-04-23 1803ET

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