After Five9 reported its results, shares of the company (NASDAQ:) rose more than 7 percent in pre-open Friday.

FIVN reported an EPS $0.22 above the consensus estimate at $0.13. Analysts expected $170.99million. The revenue generated by the software company was $182.8million.

FIVN landed its largest ever company deal at $40mm+ per quarter.

Five9 forecasts that EPS will range from $0.17 to $0.19 for Q2, beating analyst estimates of $0.15 an share. Expectations for Q2 revenue are $179 to $180 millions, also exceeding $174 million.

For the whole year, the company is expecting EPS between $1.22 and $1.24, compared with the estimate of $1.13 per share. Over the $756.7 million consensus estimates, FY revenue should be $770 to $773 million.

Needham & Company analyst Scott Berg reiterated a Buy rating and a $160.00 per share price target after witnessing “a beat across the board.”

“Enterprise was the key driver of growth (+46% on LTM basis) as the impact from investments in product, scale, and GTM over the past two years converge with demand tailwinds as the shift to the cloud in the enterprise contact center accelerates. Growth vectors that were stronger than anticipated included early adoption of AI modules, stronger partner sales, and earlier acceptance of the newer AI modules. The updated FY22 revenue guidance suggests FIVN has a strong chance to meet the revenue target from the Zoom merger proxy, which we believe will be viewed positively,” Berg said in a note.

BTIG analyst Matt VanVliet also praised FIVN for delivering a ‘handy’ beat.

“The strong start to the year led to higher guidance (which still feels very conservative) and has the company continuing to march closer to its five-year targets. We remain very confident in the fundamentals,” the analyst wrote in a note.

By Senad Karaahmetovic