Jeff Lawson CEO, Twilio
Scott Mlyn | CNBC
Twilio’s shares rose more than 10% in extended trading on Wednesday, after the cloud communications company reported better-than-expected results in the fourth quarter, including a surprise adjusted profit.
See how the company did:
- Earnings: 4 cents per share, adjusted, vs. loss of 8 cents per share expected by analysts, according to Refinitiv.
- Recipe: $ 548.1 million, against $ 454.8 million as expected by analysts, according to Refinitiv.
Revenue grew 65% on an annualized basis in the quarter, according to a statement, compared to the 52% growth in the previous quarter.
Twilio added 13,000 active customer accounts in the fourth quarter, bringing the total to 221,000, compared with an increase of 8,000 in the third quarter. The company provides tools that developers can use to add text messages, voice and video calls, emails and other functions to applications. Twilio also offers cloud-based contact center software that companies can rely on for their agents’ interactions with customers.
Regarding the guidance, Twilio sees an adjusted loss of 12 cents to 9 cents per share at $ 526 million to $ 536 million in revenue in the first quarter, implying about 44% to 47% of revenue growth. Analysts polled by Refinitiv had expected an adjusted loss of 2 cents per share on $ 492.1 million in revenue.
Despite the change after hours, Twilio’s shares have risen by about 22% since the beginning of the year, compared to an increase of less than 5% for the S&P 500 index in the same period.
Executives will discuss the results with analysts on a conference call beginning at 5 pm Eastern Time.
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