Twilio delivers surprise adjusted profit as revenue growth accelerates, stock up 10%
Summary
Twilio shares rose more than 10% in extended trading on Wednesday after the cloud communications company reported better-than-expected fourth-quarter results, including a surprise adjusted profit. The company provides tools developers can use to add text messaging, voice and video calls, emails and other functions into applications. Twilio also offers cloud-based contact center software that companies can rely on for their agents interactions with customers. Analysts polled by Refinitiv had expected an adjusted loss of 2 cents per share on $492.1 million in revenue. Notwithstanding the after-hours move, Twilio shares have risen about 22% since the start of the year, compared with an increase of less than 5% for the S&P 500 index over the same period.
Classifications
AskAI Classifications
LabelsLinked Companies
