Shares of Five9 (NASDAQ: FIVN) soared 7.86% in pre-market trading on Friday, following the cloud software provider's impressive second-quarter results, optimistic future guidance, and key leadership announcements. The company, which specializes in contact center solutions, significantly outperformed analyst expectations, fueling investor confidence.
Five9 reported adjusted earnings per share of $0.76 for Q2, substantially surpassing the analyst consensus estimate of $0.65 and marking a 46.15% increase from the same period last year. The company's quarterly revenue reached a record $283.27 million, exceeding the forecast of $275.19 million and representing a 12.4% year-over-year growth. Notably, Enterprise AI revenue saw a remarkable 42% year-over-year increase, now accounting for 10% of Enterprise subscription revenue.
Adding to the positive sentiment, Five9 provided an upbeat outlook for both the third quarter and full year 2025. The company projects Q3 adjusted EPS between $0.72 and $0.74, above the consensus of $0.70. For the full year, Five9 forecasts adjusted EPS of $2.86 to $2.90 and revenue between $1.1435 and $1.1495 billion, both exceeding analyst expectations. Furthermore, the company announced the appointment of Bryan Lee as the new Chief Financial Officer and revealed CEO Mike Burkland's plans for future retirement, with Burkland set to transition to the role of Executive Chairman. These strategic moves, combined with the strong financial performance, have contributed to the stock's significant pre-market rally.
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