By Davit Kirakosyan
Five9 (NASDAQ:FIVN) shares fell more than 11% after-hours despite the company’s reported Q3 results, with EPS of $0.39 coming in better than the consensus estimate of $0.34. Revenue was $198.3 million, beating the consensus estimate of $194.43 million.
According to Mike Burkland, Chairman and Incoming CEO of Five9, Q3 revenue growth of 29% year-over-year was driven by the strength of the Enterprise business where LTM subscription revenue grew 37% year-over-year.
“This quarter, we achieved an adjusted EBITDA margin of 18.5%, as we continued our disciplined approach of driving balanced growth. We believe there are three immutable trends gathering steam around us, namely the demand for cloud solutions, the digital transformation of contact centers and a growing yet barely penetrated TAM, that will be with us for many years to come,” added Burkland.
For Q4/22, the company expects revenue to be in the range of $204.0-$205.0 million and non-GAAP EPS in the range of $0.40-$0.42.
For the full 2022-year, the company expects revenue in the range of $774.5-$775.5 million and non-GAAP EPS in the range of $1.35-$1.37.