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Why Five9 Stock Jumped Today

TheMotleyFool

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Why Five9 Stock Jumped TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

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.

Image source: Getty Images.

Source Fool.com

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