Twilio Stock Rebounds; Former Salesforce Exec Key, Analysts Say
Summary
Wall Street now thinks Twilio ( TWLO ) hit pay dirt by bringing in former top Salesforce.com ( CRM ) executive George Hu as its new chief operating officer — a move analysts say has helped drive the companys strategy.XHu has guided Twilio toward new market opportunities, Piper Jaffray analyst Alex Zukin said in a note to clients Monday."Second, Twilio is functionally serving as a modernization layer on top of legacy carrier communication infrastructure, yet another enormous market ripe for disruption.Twilio enables app developers to embed software interfaces for programs used in messaging, voice, chat and video.The software maker in August reported second-quarter revenue that blew past estimates and swung to a profit.
Classifications
industries
Fintech & Banking
applications
Customer Service & Support
AskAI Classifications
Labels
CPaaS
SaaS
Developer Tools
Linked Companies
Twilio Inc.
$1B+
Salesforce
$1B+