Welcome to our dedicated page for FIVE9 news (Ticker: $FIVN), a resource for investors and traders seeking the latest updates and insights on FIVE9 stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FIVE9's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FIVE9's position in the market.
Five9, Inc. reported a 13% year-over-year growth in total revenue and a 20% year-over-year growth in subscription revenue for the first quarter of 2024. The GAAP operating cash flow was $32.4 million. The company also achieved record revenue of $247.0 million in the first quarter of 2024, with positive increases in gross margin and net income. Five9's non-GAAP net income, adjusted EBITDA, and operating cash flow showed significant improvements compared to the previous year. The company's CEO highlighted strong performance, growth in subscription revenue, and a major deal with a Fortune 50 financial services company. Five9 remains optimistic about its market position and future growth prospects.