Twilio vaults on strong Q2 results

By Baystreet Stocks to Watch

Twilio Inc. (NYSE: TWLO) rose sharply Tuesday after the company reported upbeat results for its second quarter. The company issued strong third-quarter and FY18 guidance.

Total revenue came in at $147.8 million for the second quarter of 2018, up 54% from the second quarter of 2017 and 14% sequentially from the first quarter of 2018.

GAAP net loss per share attributable to common stockholders of $0.25 based on 96.3 million weighted average shares outstanding in the second quarter of 2018, compared with GAAP net loss per share attributable to common stockholders of $0.08 based on 90.9 million weighted average shares outstanding in the second quarter of 2017.

“Our core voice and messaging products grew rapidly once again, and the positive customer response to Flex further reinforces our Engagement Cloud strategy,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer.

“Our go-to-market investments are driving growth in companies of all shapes and sizes, and we’re excited to unveil our newest set of innovations and gather our customers at our upcoming SIGNAL conference in October.”

The company also reported 57,350 Active Customer Accounts as of June 30, 2018, compared to 43,431 Active Customer Accounts as of June 30, 2017.

Dollar-Based Net Expansion Rate was 137% for the second quarter of 2018, compared to 131% for the second quarter of 2017.

Twilio is providing guidance for the third quarter ending September 30, 2018 and full year ending December 31, 2018 as follows. Total revenues are expected to come in at $150-$152 million, with non-GAAP income from operations totaling between $1-2 million.

Shares triumphed $10.35, or 16.4%, to $73.62

This article provided by NewsEdge.