Tech

Twilio surpasses Q2 forecast with 67% revenue growth

Cloud telecommunications company Twilio released better-than-expected second-quarter financial results on Thursday, reporting annual revenue execution of over $ 2.6 billion.

Twilio’s second-quarter non-GAAP revenue was $ 4.2 million, or 11 cents per share, which was basic and diluted. Revenue for the quarter was $ 668.9, up 67% year-over-year, including $ 46.6 million from the Twilio segment.

Analysts expected a net loss of 13 cents with revenue of $ 598.37 million.

Twilio

“In the second quarter, revenue growth accelerated at an execution rate of over $ 2.6 billion, so strong momentum continued,” CEO Geoff Lawson said in a statement. “Companies from different industries are adopting our platform to drive better, more personalized levels of customer engagement. We are driving the opportunities for Twilio’s generation on a large scale. I’m sure we’re in the midst of a lot of change. ”

The company reported more than 240,000 active customer accounts (including Twilio segment customer accounts) as of June 30, compared to 200,000 the previous year.

Twilio’s dollar-based net growth was 135% in the second quarter, compared to 132% in the second quarter of 2020.

Twilio expects revenue of $ 670 million to $ 680 million in the third quarter.

Twilio surpasses Q2 forecast with 67% revenue growth

Source link Twilio surpasses Q2 forecast with 67% revenue growth

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