<ul><li>Shares of Five9 Inc. surged over 20% in after-hours trading following the company's strong third-quarter results and upgraded guidance.</li><li>For the third quarter, Five9 reported adjusted earnings per share of 67 cents, beating analysts' expectations of 59 cents per share. The company's revenue of $264.2 million also surpassed the estimated $255.2 million.</li><li>Five9 attributed its solid performance to the growth in subscription revenue, with enterprise new logos reaching a record in the third quarter. Customers with $1 million or more in annual recurring revenue accounted for 56% of Five9's revenue.</li><li>The company also experienced strong adoption of artificial intelligence (AI) products, with AI comprising over 20% of new enterprise logo annual contract value bookings. AI installed base bookings grew over 50% year-over-year.</li></ul>

Five9 shares surge over 20% following strong quarter and upgraded guidance

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