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Provider of cloud contact center software, Five9 Inc (NASDAQ: FIVN) reported a second-quarter revenue increase of 32% year-over-year to $189.38 million, beating the consensus of $179.74 million.
This growth continues to be driven primarily by the strength of the Enterprise business, where LTM subscription revenue grew 41% Y/Y.
Adjusted EPS was $0.34, beating the consensus of $0.18.
The gross margin was 53.4%, compared to 55.2% in 2Q21. The adjusted gross margin was 60.7%, down from 63.3% in 2Q21.
Adjusted operating margin expanded by 117 bps to 13.2%.
Adjusted EBITDA was $33.1 million, up from $24 million a year ago, and the margin expanded to 17.5% from 16.7%.
FIVN's net cash provided by operating activities year-to-date totaled $25.62 million, compared to $25.16 million a year ago. It has cash and cash equivalents of $101.32 million as of June 30, 2022.
FY22 Outlook: Five9 expects Revenue of $780.5 million to $782.5 million (consensus $772.14 million), and adjusted EPS of $1.38 to $1.40 (consensus $1.22).
3Q22 Outlook: FVIN expects revenue of $192.5 to $193.5 million (consensus $192.28 million), and adjusted EPS of $0.31 to $0.33 (consensus $0.30).
Price Action: FIVN shares are trading higher by 6.99% at $105.26 during the post-market session on Thursday.
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