Why Five9 Stock Jumped Today
Shares of Five9 (NASDAQ: FIVN) were moving higher this morning after the cloud software provider posted better-than-expected results in its third-quarter earnings report and lifted its full-year guidance. As a result the stock was up 14% as of 11:07 a.m. EST.
Five9, which specializes in cloud software for customer-service centers, said revenue rose 28% in the quarter to $83.8 million, well ahead of estimates at $78.7 million. Over the last four quarters, enterprise subscription revenue has increased 36%, and the company just completed its 15th consecutive quarter with positive operating cash flow.
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Source Fool.com
