Twilio (TWLO 76.82, +13.55, +21.42%) is trading at new all-time highs after
reporting blowout second quarter results yesterday afternoon.
Twilio is a leading Cloud Communications Platform (CPaaS) company whose APIs enable developers to embed voice, messaging, video, and authentication capabilities within apps.
The company has reported sales well above its forecast and guided revenue above expectations for five quarters in a row.
The company reported a surprise second quarter adjusted profit of $0.02/share versus guidance for a $0.05-0.06 adjusted net loss. Meanwhile, revenue growth accelerated for the third consecutive quarter, to 54%.
Twilio guided third quarter revenue 12% above expectations at the midpoint and raised fiscal 2018 revenue by almost 9% at the midpoint.
The company now expects to be marginally profitable for the year on an adjusted basis: $0.02-0.04/share. Active Customer Accounts were up 32% year/year to over 57K. Dollar-Based Net Expansion Rate was 137% for the second quarter compared to 131% last year.
"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 CEO. "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."
Twilio's market cap is now approaching $8 bln, which means the sales multiple is in the low double digits.
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