Five9: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 04:18 PM ET
Last Updated - Jun 21, 2023, 10:40 PM EDT
SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Five9 Inc. (FIVN) on Thursday reported a loss of $27.2 million in its first quarter.
On a per-share basis, the San Ramon, California-based company said it had a loss of 38 cents. Earnings, adjusted for stock option expense and amortization costs, were 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The provider of cloud-based software to call centers posted revenue of $218.4 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $208.1 million.
