Five9 reports Q2 beat & mixed guidance, shares drop 4%

Five9 (NASDAQ:) shares fell more than 4% after-hours following the company’s reported and mixed guidance.

EPS came in at $0.52, compared to the consensus estimate of $0.39, and revenue at $222.9 million (up 18% year-over-year), compared to the consensus estimate of $214.63M.

“This growth continues to be driven by our Enterprise business where LTM subscription revenue grew 28% year-over-year. In the second quarter, we achieved another record for GAAP operating cash flow, as adjusted EBITDA margin reached 19%,” CEO Mike Burkland.

For Q3/23, the company expects EPS in the range of $0.42-$0.44, compared to the consensus of $0.43, and revenue in the range of $223.5-$224.5M, compared to the consensus of $227.97M.

For the full year, the company anticipates EPS of $1.79-$1.83, compared to the consensus of $1.77, and revenue of $908-$910M, compared to the consensus of $908.27M.

Furthermore, the company announced it has entered into a definitive agreement to acquire Aceyus, a market leader in advanced data integration and analytics.