Five9, Inc. (NASDAQ:FIVN) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET
Company Participants
Mike Burkland - Chairman & Chief Executive Officer
Dan Burkland - President & Chief Revenue Officer
Barry Zwarenstein - Chief Financial Officer
Conference Call Participants
Ryan MacWilliams - Barclays
Terry Tillman - Truist
DJ Hynes - Canaccord
Seth Gilbert - UBS
Jim Fish - Piper Sandler
Scott Berg - Needham
Arjun Bhatia - William Blair
Meta Marshall - Morgan Stanley
Peter Levine - Evercore
Siti Panigrahi - Mizuho
Matt VanVliet - BTIG
Michael Turrin - Wells Fargo
Will Power - Baird
Operator
[Abrupt Start ]…certain customers, customer growth, anticipated customer benefits company growth the anticipated benefits, from our recent acquisition of Aceyus, enhancements to and development of our solution, market size and trends, our expectations regarding macroeconomic conditions, company market position, initiatives and expectations, technology and product initiatives, and other future events are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are simply predictions should not be unduly relied upon by investors. Actual events or results may differ materially and the company undertakes no obligation to update the information in such statements. These statements are subject to substantial risks and uncertainties that could adversely affect Five9's future results, and cause these forward-looking statements to be inaccurate, including the impact of adverse economic conditions, including macroeconomic deterioration and uncertainty, including increased inflation, increased interest rates, supply chain disruptions, decreased economic output and fluctuations in currency exchange rates, lower growth rates within our installed base of customers, achieve the intended benefits from the acquisition of Aceyus, and the other risks discussed under the caption Risk Factors and elsewhere in Five9's annual and quarterly reports filed with the Securities and Exchange Commission.
In addition, management will make reference to non-GAAP financial measures during this call. A discussion of why we use non-GAAP financial measures and information regarding reconciliation of our GAAP versus non-GAAP results and guidance is currently available in our press release issued earlier this afternoon, as well as in the appendix of our investor deck, and in the Investor Relations section on Five9's website at investors.five9.com. Lastly, a reminder that unless otherwise indicated financial figures discussed are non-GAAP.
And now I'd like to turn the call over to Five9's Chairman and CEO, Mike Burkland.
Mike Burkland
Thanks, Emily, and thanks everyone for joining our call this afternoon. I'm pleased to report strong third quarter results with revenue growth of 16% year-over-year, primarily driven by our LTM enterprise subscription revenue growing 28% year-over-year.