Five9 (NASDAQ:FIVN) shares fell more than 5% pre-market today after the company reported Q2 results that surpassed expectations but came with a mixed outlook.
The reported Q2 EPS of $0.52 was higher than the expected consensus of $0.39. Additionally, the revenue for the quarter stood at $222.9 million, representing an 18% year-over-year increase, exceeding the Street estimate of $214.63 million.
CEO Mike Burkland emphasized the role of the Enterprise business in driving this growth, with a 28% year-over-year increase in subscription revenue.
The projected EPS for the current quarter is between $0.42 and $0.44, compared to the Street estimate of $0.43. Revenue guidance for the same period is in the range of $223.5 million to $224.5 million, below the Street estimate of $227.97 million.
For the full year, Five9 projects an EPS range of $1.79 to $1.83, slightly surpassing the Street estimate of $1.77. Revenue for the full year is anticipated to be between $908 million and $910 million, compared to the Street estimate of $908.27 million.