Five9 sees FY23 EPS $1.36-$1.78, consensus $1.78

Sees FY23 revenue of $900M, consensus $955.9M. The company states: "For 2023, given, the macro headwind and uncertainty that we are assuming will persist throughout next year, we’ll once again begin 2023 with an outlook of 16% year-over-year growth or $900 million in revenue. This of course, is a starting point and we will update our outlook as the year progresses. We expect revenue to continue following our typical pattern with slightly more than 50% of our annual revenue being generated and the seasonally stronger second half of 2023. Also, given that the install base typically contributes approximately half of the annual revenue growth, next year, we may see a drop in the LTM enterprise subscription revenue growth rate from 37% we achieved in the third quarter into the high 20s due to the macroeconomic challenges. We believe this will be temporary and will improve as macroeconomic conditions improve. Note that the enterprise subscription currently makes up over 60% total revenue. In terms of the bottom line, we expect 2023 non-GAAP net income per share to increase at a similar rate to the 16% revenue growth outlook and increase year-over-year from the midpoint of our 2020 guidance, at a $1.36 to $1.78 in 2023. In addition, we would like to provide an outlook on the quarterly profile of our bottomline. If you look at our historical financials, non-GAAP net income per share is typically amongst the lowest of the year in the first quarter, and we expect this to be the case again in 2023. Therefore, we expect non-GAAP net income per share to be in the mid teen in Q1 2023. We expect bottom line to prove slightly in the second quarter and more meaningfully in the second half, especially in the fourth quarter. Lastly, beyond 2023, we now expect to achieve the $2.4 billion revenue target in 2027, one year later than what we had previously predicted due to the current macro headwinds that we did not allow for originally. This target date assumes more robust macroeconomic conditions in 2024 and beyond." Comments taken from Q3 earnings conference call.