• The company is a leader in cloud contact centers and the shift to the cloud is still in the early innings, providing a long-term tailwind for the company.
• The company partners with system integrators which are an important catalyst in this transition to the cloud. The company can replicate much of its success internationally as well.
• We see growth unabated, helped by additional operational leverage but not much room for valuation multiple expansion, making the shares still attractive.

Source: Five9 Benefits From A Massive Shift To The Cloud – Five9, Inc. (NASDAQ:FIVN) | Seeking Alpha