Twilio Earnings, Revenue Top Views Amid Acquisition, Stock Falls
Summary
Twilio earnings and revenue for the first quarter beat analyst estimates, while company sales guidance also exceeded Wall Street targets. The Twilio earnings news sent shares in the maker of communications software up in extended trading late Tuesday. X Twilio ( TWLO ) said adjusted earnings were 5 cents a share, swinging to a profit from a year ago, with revenue rising 81% to $233.1 million, including an acquisition. Analysts expected Twilio reported earnings of 1 cent on sales of $223 million for the period ended March 31. Analysts expect Twilio to step up investments in sales as it integrates SendGrid and cross-sells products.
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industries
Telecommunications
applications
Customer Service & Support
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CPaaS
SaaS
Developer Tools
Linked Companies
Twilio Inc.
$1B+