Twilio Inc. (NYSE: TWLO)
Shares of Twilio Inc. increased by 5% in pre-market trading on Wednesday after the Cloud communications company reported better-than-expected earnings and revenue on Tuesday. During the first quarter of 2018, the company reported adjusted earnings per share and revenue that went above analyst estimates.
Revenue increased by 48% to beat analyst estimate by $12.55 million, while adjusted earnings per share beat the consensus estimate by $0.03 and remained the same as that of the year-ago period.
TWLO Earnings & Outlook
During the quarter, Twilio reported adjusted earnings per share of $-0.04 to beat the consensus analyst estimate of $-0.07 earnings per share. The $-0.04 adjusted earnings per share that the company posted during the first three months of 2018 was the same as that of Q1 of 2017. Revenue increased by 48% to $129.1 million from $87.4 million in the same period last year. The $129.1 million revenue finished above Wall Street’s estimate of $116 million.
The company expects to report adjusted earnings per share of between $-0.06 to $-0.05 and revenue of between $129 million to $131 million in the second quarter. For the full year, Twilio expects to post adjusted earnings per share of between $-0.10 and $-0.07 and revenue of between $538 million and $544 million.
The current Wall Street estimates stand at a revenue of $126 million and adjusted earnings per share of $-0.06 for the second quarter. For the full-year, analysts expect the company to report a revenue of $512 million and adjusted earnings per share of $-0.12.
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Twilio CEO Comments
Twilio Chief Executive Jeff Lawson had to the following to say on the company’s performance during the quarter: “We are honored that a growing list of companies around the world are placing their trust in Twilio. Our first quarter results exhibited broad-based strength across multiple areas of our business, especially with continued expansion with existing customers and first time deals with new customers.”
“The investments we are marketing in both the product and go-to-market funds continue to pay dividends with Twilio’s around the globe during this execution against our strategic plan. Our continued devotion to innovation was highlighted by the launch of Twilio Flex – the first fully programmable cloud contact center application platform,” Lawson added.
Twilio Company Profile
Twilio Inc. provides cloud communications platform that is used by developers in the creation and operation of real-time communications within various software applications.
The platform consists of Super Network, Programmable Communications Cloud and Business Model for Developers. The Super Network is a software layer that enables clients communicate with connected devices worldwide using their own software.
Twilio’s Programmable Communications Cloud software facilitates innovators to embed voice, video, messaging and verification expertise into their applications using its Application Programming Interfaces (APIs).
Its Programmable Communications Cloud provides building blocks that assist its clients to build what they require. It interconnects with communications networks worldwide. The company was founded in 2018 and is based in San Francisco. It has a market capitalization of $4.2 billion and competes with Nexmo technology, 2600Hz communications, Plivo Communications and Jabil, Inc.