Five9 Leans Into Artificial Intelligence While It Cuts Workforce
The
The Five9 Thesis: Given the current macro environment, the company reaffirming its guidance is a positive, Trebnick said in the note.
Check out other analyst stock ratings.
Management also guided to full-year growth of 10%, while announcing a 4% reduction in its workforce, following 7% cut in
"The savings will be strategically reinvested with emphasis on AI development, and AI integration with its CCaaS platform," the analyst wrote.
Management will provide guidance for the second quarter and a more detailed full-year outlook at its next earnings call in early May, Trebnick said.
FIVN Price Action: Shares of
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• Five9 Shares Rally After Q4 Report: Here’s Why
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Five9 Leans Into Artificial Intelligence While It Cuts Workforce
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