Five9 Reports Third Quarter Revenue Growth of 28% to a Record $83.8 Million; 36% Growth in LTM Enterprise Subscription Revenue; Fifteenth Consecutive Quarter of Positive Operating Cash Flow; Raised 2019 Guidance for Both Revenue and Bottom Line
Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software, today reported results for the third quarter ended September 30, 2019.
Third Quarter 2019 Financial Results
Revenue for the third quarter of 2019 increased 28% to a record $83.8 million, compared to $65.3 million for the third quarter of 2018.
GAAP gross margin was 58.8% for the third quarter of 2019, compared to 59.9% for the third quarter of 2018.