Five9 (FIVN) Stock Dumps 16% on Disappointing Outlook
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Five9 Reports Fourth Quarter Revenue Growth of 36% to a Record $173.6 Million
February 23, 2022 4:05 PM EST51% Growth in LTM Enterprise Subscription Revenue
SAN RAMON, Calif.--(BUSINESS WIRE)-- Five9, Inc. (NASDAQ: FIVN), a leading provider of cloud contact center software, today reported results for the fourth quarter and full year ended December 31, 2021.
Fourth Quarter 2021 Financial Results
Revenue for the fourth quarter of 2021 increased 36% to a record $173.6 million, compared to $127.9 million for the fourth quarter of 2020. GAAP gross margin was 54.1% for the fourth quarter of 2021, compared to 59.9% for the fourth quarter of 2020. Adjusted gross margin was... More