Shares of cloud contact center software solutions provider Five9 (NASDAQ:FIVN) are rising upward today after the company delivered better-than-anticipated first-quarter numbers.
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Revenue rose 20% year-over-year to $218.4 million, outperforming estimates by $10.4 million. EPS at $0.41 too came in ahead of expectations by $0.17. The company continues to witness growth in its enterprise vertical with LTM subscription revenue rising 31% over the prior year period.
Additionally, FIVN is also witnessing growth in international markets with LTM international revenue surging 48% year-over-year.
Looking ahead, for the full-year 2023, FIVN expects revenue to land between $906 million and $909 million. Net income is anticipated between $1.73 and $1.77. For Q2 2023, the company sees revenue hovering between $213.5 million and $214.5 million alongside EPS between $0.38 and $0.40.
Overall, the Street has a $86.82 consensus price target on FIVN pointing to a 53.7% potential upside in the stock.
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