Five9 reports Q1 adjusted EPS 76c, consensus 68c

Reports Q1 revenue $305.3M, consensus $300.07M. The company said: “This quarter marks a second quarter of accelerating subscription revenue growth and an important first step in translating our strategy into strong, quantifiable results. With a renewed focus on a performance-driven culture, we are taking decisive action to sharpen our execution and optimize our organizational design. We are committed to building on this momentum and demonstrating our progress as we position Five9 (FIVN) to win for the next decade.”