Five9 reported a record revenue of $247.0 million for the first quarter of 2024, a 13% increase compared to the first quarter of 2023. Subscription revenue grew by 20% year-over-year. The company signed its largest deal ever with a Fortune 50 financial services company.
Total revenue increased by 13% year-over-year to a record $247.0 million.
Subscription revenue grew by 20% year-over-year.
GAAP net loss was $(7.1) million, or $(0.10) per basic share.
Non-GAAP net income was $35.7 million, or $0.48 per diluted share.
Five9 provides guidance for the full year 2024 and the second quarter of 2024, based on current market conditions and expectations.
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