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Five9 Stock Declines Despite Strong Quarterly Results and AI Growth
Five9 Stock Declines Despite Strong Quarterly Results and AI Growth
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BTCCSquare news:
Five9, a contact center software solutions provider, saw its stock drop nearly 4% on Friday despite reporting record quarterly revenue and double-digit growth in profitability. The company's second-quarter revenue reached $283 million, a 12% year-over-year increase, with enterprise AI revenue surging 42%. Adjusted net income ROSE to $58 million ($0.76 per share), surpassing analyst expectations of $0.62 per share.
Investors reacted negatively to the announcement of a top-level managerial change, overshadowing the strong financial performance. Five9's guidance for 2025 forecasts revenue between $1.14 billion and $1.15 billion, with adjusted net income projected at $2.86 to $2.90 per share, slightly above consensus estimates.
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