There aren't many businesses growing that briskly, and investors are bidding up Zoom's shares as they scramble to buy a piece of the video conferencing star. In turn, the company now expects its full-year revenue to surge as much as 284%, to $2.39 billion. But Five9’s shareholders rejected the bid from Zoom in a move that ultimately doomed the transaction.And despite intensifying competition from the likes of Microsoft and other communication software providers, Zoom continues to sign up new customers at a torrid rate. Zoom and Five9 made headlines last year when they appeared poised to merge in a deal worth nearly $15 billion. Five9 will hold its earnings call on Nov. The company now predicts revenue to be $198 million, beating its original guidance of $192.5 million-$193.5 million. Today’s stock market fall aside, Five9 is bullish on its third quarter. I’m so excited to get ‘back on the field’ with the Five9 team, which is a special, tight-knit group working passionately on the important mission of enabling our clients to reimagine their customer experience.”īurkland went on to note that Five9 is “still in the early innings of the shift to the cloud.” But the company is “very well positioned in this massive market as we continue to execute on product innovation, our march up-market and international expansion.”īurkland was CEO for nearly 10 years before stepping aside. Now, following successful treatments, I am pleased to report that my doctors have given me a favorable long-term prognosis. “When I was diagnosed with cancer in 2017, I resigned from the CEO post to focus on my health, while remaining very close to the business as chairman.
“I’m thrilled to resume the role of CEO and once again lead the amazing team at Five9 on our exciting journey ahead,” said Burkland. Burkland is also chairman of the Five9 board of directors. Burkland resigned five years ago after a cancer diagnosis.
Former Five9 CEO Mike Burkland is returning to fill Trollope’s old position as CEO effective Nov.
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