The company said it added New York Times Co and Salesforce.com Inc to its customer list in the second quarter, while its active customer accounts rose 45 percent to 30,780 as of June 30. Customers around the world use Twilio to build differentiated experiences for their end users by embedding communications into their software applications.
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That helped Twilio’s total revenue soar to $US64.51 million ($84.26 million) from $US37.95 million a year earlier and easily beat analysts average estimate of $US58.22 million, according to Thomson Reuters I/B/E/S. That compares to consensus for $60.6 million and a 10 cent loss per share.
Active customer accounts of 30,780 vs. 21,226 Y/Y.
During a slow market for initial public offerings in general and technology IPOs in particular, Twilio’s strong debut in June was hailed as a sign of hope.
That 92 percent pop – the biggest day-one bump for a tech company in more than two years – came even after Twilio set its shares’ IPO price above the expected range.
Analysts had predicted the company would see revenue of $58.22 million and a loss of 14 cents per share. In after-hours trading Monday, the stock rose 50 cents to $43. Excluding items, the loss per share narrowed to eight cents from 11 cents.
San Francisco-based Twilio’s net loss attributable to common shareholders widened to $10.99 million from $9.58 million.
On a per share basis, its loss fell to 45 cents per share from 52 cents due a rise in the count of its outstanding shares.
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For the full year, the company sees revenue of $253 million to $257 million, and a net loss of 28 cents to 30 cents a share.
