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Twilio Q1 Earnings: Revenue Beat, EPS Beat, Buyback Update And More
Twilio Inc (NYSE:TWLO) reported first-quarter financial results Tuesday after the bell. Here’s a rundown of the report.
Q1 Earnings Highlights: Twilio’s first-quarter revenue increased 4% year-over-year to $1.05 billion, which beat the consensus estimate of $1.03 billion, according to Benzinga Pro. The cloud-based customer engagement company reported quarterly earnings of 80 cents per share, which beat analyst estimates of 60 cents per share.
Communications revenue came in at $972 million, up 4% year-over-year. Segment (formerly Data & Applications) revenue totaled $75 million, up 2% year-over-year.
Twilio said it had more than 313,000 active customer accounts as of March ...