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Sep 30, 2020
Five9 Q3 2020 Earnings Report
Five9 reported a record third quarter revenue growth and raised 2020 guidance.
Key Takeaways
Five9 reported outstanding third quarter results with revenue of $112.1 million, a 34% year-over-year increase. The company's Adjusted EBITDA margin was 21.5%. They also announced the execution of a definitive agreement to acquire Inference Solutions Inc.
Revenue for the third quarter of 2020 increased 34% to a record $112.1 million, compared to $83.8 million for the third quarter of 2019.
GAAP gross margin was 58.5% for the third quarter of 2020, compared to 58.8% for the third quarter of 2019.
Non-GAAP net income for the third quarter of 2020 was $18.5 million, or $0.27 per diluted share, compared to non-GAAP net income of $12.8 million, or $0.20 per diluted share, for the third quarter of 2019.
GAAP operating cash flow for the third quarter of 2020 was $22.8 million, compared to GAAP operating cash flow of $17.7 million for the third quarter of 2019.
Forward Guidance
Five9 provides guidance based on current market conditions and expectations, with revenue expected to be in the range of $114.5 to $115.5 million for the fourth quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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