FIVE9, INC. - FIVN STOCK NEWS

Five9, Inc. (NASDAQ:FIVN) reported a strong first quarter for 2021, achieving a record revenue of $137.9 million, up 45% year-over-year from $95.1 million in Q1 2020. Although GAAP gross margin declined slightly to 56.6%, adjusted gross margin remained stable at 64.0%. The company recorded a GAAP net loss of $(12.3) million or $(0.18) per share, compared to $(7.4) million in the previous year. Non-GAAP net income improved to $16.1 million, or $0.23 per diluted share. Adjusted EBITDA rose to $22.2 million, representing 16.1% of revenue.

Five9 (NASDAQ: FIVN) announced that TruConnect, a mobile virtual network operator, has improved call handling by utilizing Five9 Agent Assist. The AI-powered tool has reduced average call handle time by 30 seconds within three months, leading to projected cost savings of 7.5% in the first year. TruConnect, which manages over 62,000 calls monthly, implemented Five9 during the pandemic for remote work efficiency. The enhancements not only streamline agent workflows but also provide insights into customer behavior, demonstrating the practical impact of AI in customer service.

Five9, Inc. (Nasdaq: FIVN) will release its financial results for Q1 2021 on April 29, 2021, after market close. A live Zoom webinar will be hosted at 4:30 p.m. ET, where the company's performance will be discussed. Investors can register for the webinar online, with a replay available shortly after. Five9 provides cloud contact center solutions to over 2,000 customers globally, enhancing customer engagement through AI and automation. The company focuses on improving productivity and delivering business results, including increased revenue and customer loyalty.

Five9 (NASDAQ: FIVN), a leader in cloud contact center solutions, partners with RoundPoint Mortgage Servicing Corporation to enhance customer engagement through digital transformation. By integrating Five9's Intelligent Cloud Contact Center, RoundPoint improves service delivery across multiple channels, including voice, chat, and social media, achieving significant efficiency gains. RoundPoint reports time savings of 2-3 minutes per interaction while enhancing agent productivity with real-time access to customer data. This collaboration showcases Five9's commitment to transforming customer experiences across industries.

Five9, Inc. (NASDAQ: FIVN) has been selected by COVID Clinic, the largest COVID testing organization in the US, to provide its Cloud Contact Center (CCaaS) solutions. This partnership aims to enhance patient engagement as COVID Clinic manages over 20,000 daily calls. With plans to expand to 200 testing sites by the end of 2021, COVID Clinic requires scalable solutions, which Five9's intelligent virtual agents provide. The implementation was achieved in just 10 days, showcasing Five9's robust cloud architecture and commitment to improving patient experiences amidst the ongoing pandemic.

Five9, Inc. (NASDAQ: FIVN) has partnered with CANCOM, a global Digital Transformation Partner, making Five9 its exclusive CCaaS vendor. This strategic alliance enhances Five9's international market presence, particularly in Europe. CANCOM will leverage the flexibility of the Five9 Intelligent Cloud Contact Centre to improve customer and agent experiences. The partnership will also utilize seamless integration with Microsoft Teams, enabling faster resolutions. This collaboration aligns both companies in delivering innovative customer service solutions.

Five9, Inc. (NASDAQ: FIVN) has been recognized as a leader in the Intelligent Virtual Assistant (IVA) space for its Inference Studio, achieving a perfect score in the 2021 Opus Research Guide for Track Record. This marks the second accolade for Inference Studio, previously acknowledged by DMG Consulting as the global market leader in customer base. Analysts evaluated 13 firms for their enabling platforms and market effectiveness, highlighting Five9's user-friendly, no-code solutions that empower businesses to create and maintain natural language applications, significantly enhancing customer service capabilities.

Five9, a top cloud contact center provider, announced its management will present at two upcoming investor conferences. The first is the Morgan Stanley Technology, Media and Telecom Conference on March 2 at 12:30 PM ET, followed by the Jefferies Virtual Enterprise Communications Summit on March 10 at 10:00 AM ET. Interested parties can access webcasts on the Five9 investor relations website. Five9 supports over 2,000 customers globally, offering solutions that enhance customer experience through digital engagement, analytics, and AI technology.

Five9, Inc. (NASDAQ:FIVN) reported a robust fourth quarter for 2020 with revenue increasing by 39% to $127.9 million, compared to $92.3 million in Q4 2019. The GAAP gross margin improved to 59.9%, while adjusted gross margin reached 66.4%. Despite a GAAP net loss of $(7.2) million, non-GAAP net income surged to $23.7 million. For the full year, revenue rose 33% to $434.9 million. The company anticipates continued growth in 2021, driven by product innovation and market opportunities.