By Christopher Kuo
Shares of Five9 climbed after the company posted higher first-quarter profit and accelerating subscription revenue.
Shares of the cloud-based customer experience company soared 25% on Friday to $21.43. The company's shares are up 4.8% year to date.
The company on Thursday posted a profit of $18.4 million, or 21 cents a share, compared with $576,000 or 1 cent a share, a year earlier.
Adjusted earnings per share were 76 cents. Analysts polled by FactSet had expected adjusted per-share earnings of 68 cents.
Revenue rose 9% to $305.3 million. Wall Street had expected $299.9 million. The company saw accelerating subscription revenue growth, said Chief Executive Amit Mathrados. Subscription revenue was 82% of total revenue compared with 80% of total revenue a year earlier.
The company expects full-year revenue between $1.25 billion to $1.27 billion and adjusted per-share earnings of $3.22 to $3.30. Analysts are expecting revenue of $1.26 billion and adjusted per-share earnings of $3.24.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 01, 2026 12:23 ET (16:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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