US Stock Market Move | The AI-related businesses in the fourth quarter showed significant growth, Five9 (FIVN.US) rose more than 4.7%.

On Friday, Five9 (FIVN.US) rose more than 4.7%, closing at $43.67. The company's fourth quarter 2024 financial report exceeded market expectations, with significant growth in AI-related businesses. The company reported fourth quarter revenue of $2.787 billion, higher than analyst expectations of $2.679 billion. During the earnings conference call on Thursday evening, Five9 CEO Mike Burkland revealed that the growth rate of the company's AI business is accelerating, with enterprise AI business revenue growing 46% year-over-year in the fourth quarter, accounting for 9% of enterprise subscription revenue. He emphasized that the momentum of the company's AI business is expected to continue to strengthen, especially with new enterprise customers seeing a nearly 50% year-over-year growth in AI bookings, and a 100% binding rate in transactions with annual recurring revenue (ARR) exceeding $1 million. Furthermore, Five9 is deepening AI penetration within its existing enterprise customer base, with AI business bookings in this segment growing 50% year-over-year in the fourth quarter, further solidifying its competitive advantage in the AI field.