Twilio’s stock jumps on solid earnings and revenue beat and strong momentum in voice AI
A solid earnings and revenue beat helped to reignite investor enthusiasm for the communications software maker Twilio Inc. today, and its stock jumped more than 17% in after-hours trading. The company’s second-quarter results were boosted by the rapid uptake of a new voice-based artificial intelligence product, the company said, and it also offered strong guidance for the September quarter.
Twilio reported earnings before certain costs such as stock compensation of $1.47 per share, easily beating the analysts’ consensus estimate of $1.32 per share. Revenue for the quarter jumped 22% from the same period one year ago to $1.5 billion, cruising past Wall Street’s target of $1.43 billion in sales.
San Francisco-based Twilio sells a cloud-based communications platform that offers tools for developers to embed voice, text messaging and video into their applications through easy-to-use application programming interfaces. The software also makes it easier for cloud-based apps to communication. In addition, it operates a growing business selling customer engagement tools such as the Twilio Engage growth automation platform, which is used by marketing teams to enhance customer relationships via more personalized experiences.
