Five9 stock up 7% after announcing second quarter financial results

Five9 (NASDAQ: FIVN) stock rose by 7% after announcing its second quarter financials for the 2022 financial year. The cloud contact center software provider reported total revenue of about $189.4 million in the second quarter, representing a 32% increase from the $143.8 million it recorded in the same quarter of the previous fiscal year.

Five9 tops analyst estimates 

Five9 recorded a $0.34 adjusted EPS to top the $0.18 analyst estimate. The $189 million total revenue it reported in this quarter also crushed the $180.1 million analyst consensus. The adjusted EPS in the second quarter of 2022 came to $0.31 to $0.33 per share on $192.5 million to $193.5 million total revenues.

On FY basis, the company forecasts adjusted earnings of between $1.38 per share to about $1.40 per share on $780.5 to $782.5 million revenue. Again, this topped the $1.23 per share on a $770.2 million revenue analyst estimate.

Rowan Trollope, the company’s Chief Executive, claimed that despite the uncertainties in the macro environment, the company continued to witness robust growth record booking in the second quarter for both their installed base and new logos.

Analyst comments and estimates 

Matt VanVlient, an analyst at BTIG, wrote:

VanVlient claimed that they remain confident Five9 will continue to beat analyst expectations and continue to provide excellent fundamentals in the industry.

Mr McGinnis, an analyst at UBS, said the company provided in-line financial results, which somewhat translates into a win in this type of market environment.

McGinnis said: