Five9 has set Q2 records for net new bookings and deals with its installed customer base.
Its revenue also jumped 32 percent year over year to $189 million – another quarterly record.
Shortly after announcing these figures, Five9’s stock rose by 13 percent.
As many enterprise technology providers suffer from declining valuations – after a period of hyper-growth – these results will delight Rowan Trollope, CEO at Five9.
Indeed, during a recent earnings call, Trollope was happy to share his secrets to success.
He identified three critical business drivers while discussing how Five9 has increased brand loyalty and client value.
First, Trollope stated: "We believe contact centers are mission-critical and arguably become even more critical in a downturn.
Thus, when CFOs [consider] areas to cut back on spending, they will focus on optional spend areas rather than ones where they are able to productively interact with customers, reduce costs and increase revenues.
Trollope also pinpoints Five9’s diverse customer base – across all industry sectors – and its strong retention rates as essential drivers of growth.
Fuelling the latter is the opportunity to sell new products and services to its installed customer base. These most notably include automation and virtual agents.
With bookings increasing by 63 percent and 335 percent for new logos and current clients, its intelligent virtual agent (IVA) solution is gaining momentum.