Twilio CFO says muted forecast nothing more than cautious optimism
Summary
Shares of cloud computing darling Twilio trended down Wednesday morning after the company offered a quarterly forecast with not as much upside as analysts would have expected. In an interview with ZDNet following the report, chief financial officer Khozema Shipchandler said the muted outlook reflects a realistic sense of the uncertainty in the world. Twilio makes software that lets companies such as Uber plug in services to their business via an application programming interface. In fact, the pandemic may have prompted some clients to buy more software, Shipchandler implied, "I think what COVID has done is, it has accelerated adoption in some key areas," he said. That includes industries that were "down" in Q1, such as ride-sharing leisure and hospitality, which are starting to show a modest increase, what he referred to as "green shoots.
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